Dycom Industries, Inc. (NYSE:DY) Receives $301.38 Consensus PT from Brokerages

Shares of Dycom Industries, Inc. (NYSE:DY) have been given a consensus rating of “Buy” by the ten research firms that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $301.3750.

Several equities research analysts have commented on DY shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, October 8th. Bank of America raised their price objective on shares of Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, September 29th. KeyCorp lifted their price objective on shares of Dycom Industries from $306.00 to $320.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. DA Davidson boosted their target price on shares of Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, Raymond James Financial raised their price target on Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 21st.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new stake in shares of Dycom Industries in the third quarter worth about $26,000. Salomon & Ludwin LLC purchased a new position in Dycom Industries during the third quarter valued at approximately $37,000. UMB Bank n.a. increased its holdings in Dycom Industries by 57.3% during the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after acquiring an additional 47 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in Dycom Industries in the 2nd quarter worth approximately $32,000. Finally, Bessemer Group Inc. lifted its stake in Dycom Industries by 48.5% in the 3rd quarter. Bessemer Group Inc. now owns 150 shares of the construction company’s stock worth $43,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE DY opened at $286.57 on Friday. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $278.31 and a two-hundred day simple moving average of $249.57. Dycom Industries has a 1-year low of $131.37 and a 1-year high of $301.88. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.41. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.46 EPS. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Analysts anticipate that Dycom Industries will post 7.13 earnings per share for the current year.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.