UBS Group Has Lowered Expectations for Dycom Industries (NYSE:DY) Stock Price

Dycom Industries (NYSE:DY) had its target price reduced by UBS Group from $611.00 to $525.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s price target suggests a potential upside of 70.94% from the company’s current price.

DY has been the topic of several other reports. Cantor Fitzgerald dropped their target price on Dycom Industries from $654.00 to $476.00 and set an “overweight” rating on the stock in a report on Thursday. Zacks Research cut shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. lifted their target price on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, B. Riley Financial increased their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $521.27.

Dycom Industries Stock Down 1.2%

NYSE:DY traded down $3.79 during mid-day trading on Thursday, hitting $307.12. 230,550 shares of the company’s stock were exchanged, compared to its average volume of 487,023. The company has a market cap of $9.22 billion, a PE ratio of 29.33, a P/E/G ratio of 0.62 and a beta of 1.54. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. Dycom Industries has a one year low of $242.55 and a one year high of $566.47. The business has a fifty day moving average price of $424.20 and a 200 day moving average price of $415.22.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.72 by $0.57. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business earned $3.33 earnings per share. The business’s revenue was up 45.6% on a year-over-year basis. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Equities analysts predict that Dycom Industries will post 15.45 EPS for the current year.

Dycom Industries announced that its board has approved a stock repurchase plan on Wednesday, August 26th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 1.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Dycom Industries

Several hedge funds and other institutional investors have recently bought and sold shares of DY. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after acquiring an additional 23,903,375 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Dycom Industries by 51,902.4% during the second quarter. California State Teachers Retirement System now owns 17,614,250 shares of the construction company’s stock valued at $8,905,589,000 after purchasing an additional 17,580,378 shares during the last quarter. BlackRock Inc. bought a new position in Dycom Industries during the second quarter valued at approximately $1,513,523,000. Hill City Capital LP bought a new position in Dycom Industries during the second quarter valued at approximately $510,536,693,000. Finally, Bank of America Corp DE purchased a new stake in Dycom Industries in the second quarter worth approximately $270,174,000. Institutional investors own 98.33% of the company’s stock.

Dycom Industries News Roundup

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Record Q2 results beat expectations. Adjusted EPS was $5.29 versus the $4.72 consensus, while revenue rose 45.6% year over year to $2.01 billion, exceeding estimates. Adjusted EBITDA reached $315.5 million, above Wall Street’s $297 million forecast. Dycom Industries Reports Record Fiscal 2027 Second Quarter Results
• Positive Sentiment: Strong infrastructure demand is supporting growth. Management highlighted continued fiber demand, data-center activity and Building Systems work, while the backlog reached a record $12.24 billion, up 53.2% year over year. The trends are viewed as potential beneficiaries of broader AI and digital-infrastructure investment. DY Q2 Earnings Call Focuses on Fiber Demand and Higher Outlook
• Positive Sentiment: Dycom raised its fiscal 2027 revenue outlook to approximately $7.48 billion-$7.66 billion, broadly in line with the $7.6 billion analyst consensus, and completed its acquisition of National Technology Integrators. Dycom Forecasts Fiscal 2027 Revenue Outlook
• Positive Sentiment: A new $150 million share-repurchase authorization could support per-share value and signals that the board considers the stock attractively valued. The program permits repurchases of up to roughly 1.4% of outstanding shares. Dycom Announces New Stock Repurchase Program
• Negative Sentiment: Fiscal Q3 EPS guidance disappointed. The company projected adjusted EPS of $4.33-$4.79, with the midpoint below the $4.68 consensus, causing investors to discount the otherwise strong earnings beat.
• Negative Sentiment: Approximately $150 million of wireless revenue was deferred into fiscal 2028. Although the work was postponed rather than canceled, the timing shift raised concerns about near-term growth and execution. Why Is Dycom Industries Stock Sinking
• Negative Sentiment: Analysts lowered price targets following the report: Wells Fargo cut its target to $550, KeyCorp to $423 and Cantor Fitzgerald to $476. All retained an “overweight” rating, but the reductions reflect more cautious near-term expectations.

About Dycom Industries

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.