UBS Group Increases Dycom Industries (NYSE:DY) Price Target to $400.00

Dycom Industries (NYSE:DY) had its target price hoisted by equities research analysts at UBS Group from $373.00 to $400.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. UBS Group’s price objective points to a potential upside of 15.36% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. B. Riley raised their target price on Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. DA Davidson boosted their price objective on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company boosted their price target on shares of Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $379.67.

Dycom Industries Price Performance

Shares of DY stock traded up $7.93 during trading hours on Monday, reaching $346.74. The company’s stock had a trading volume of 171,859 shares, compared to its average volume of 275,952. The firm’s 50 day simple moving average is $332.91 and its 200-day simple moving average is $291.08. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.74 and a beta of 1.34. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $366.65.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.48. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Sell-side analysts forecast that Dycom Industries will post 7.13 earnings per share for the current year.

Insider Activity at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the transaction, the director owned 15,997 shares in the company, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.72% of the company’s stock.

Institutional Trading of Dycom Industries

A number of large investors have recently made changes to their positions in DY. Root Financial Partners LLC bought a new position in shares of Dycom Industries during the 3rd quarter valued at approximately $26,000. Optiver Holding B.V. lifted its holdings in Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares in the last quarter. CI Investments Inc. boosted its position in shares of Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after purchasing an additional 83 shares during the period. Salomon & Ludwin LLC purchased a new stake in shares of Dycom Industries in the third quarter worth $37,000. Finally, UMB Bank n.a. raised its position in shares of Dycom Industries by 57.3% during the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after purchasing an additional 47 shares during the period. 98.33% of the stock is currently owned by institutional investors.

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.