Wells Fargo & Company Forecasts Strong Price Appreciation for Dycom Industries (NYSE:DY) Stock

Dycom Industries (NYSE:DY) had its price objective lifted by analysts at Wells Fargo & Company from $315.00 to $360.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 10.20% from the stock’s previous close.

A number of other research firms have also recently commented on DY. Bank of America upped their price target 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. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, UBS Group raised their price objective on Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $371.25.

Dycom Industries Trading Up 1.0%

DY opened at $326.69 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. The stock’s 50 day moving average price is $288.11 and its 200-day moving average price is $258.85. Dycom Industries has a one year low of $131.37 and a one year high of $350.87. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 1.38 and a beta of 1.23.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. The company had revenue of $1.45 billion during 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%.Dycom Industries’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. On average, equities analysts forecast that Dycom Industries will post 7.13 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DY. Archer Investment Corp lifted its position in Dycom Industries by 6.2% during the second quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after acquiring an additional 40 shares during the last quarter. Optiver Holding B.V. increased its position in shares of Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Dycom Industries by 1.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock valued at $1,098,000 after purchasing an additional 46 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Dycom Industries by 57.3% in the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after purchasing an additional 47 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in Dycom Industries by 48.5% during the 3rd quarter. Bessemer Group Inc. now owns 150 shares of the construction company’s stock worth $43,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Company Profile

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.