Cantor Fitzgerald Lowers Dycom Industries (NYSE:DY) Price Target to $476.00

Key Points

• Cantor Fitzgerald lowered Dycom Industries’ price target from $654 to $476 while maintaining an “overweight” rating, implying 52.6% potential upside from the prior close.
• Analyst sentiment remains favorable overall, with 11 Buy ratings and one Hold rating; the consensus target price is $561.91, above Cantor’s revised target.
• Dycom reported quarterly adjusted EPS of $5.29, exceeding expectations, and authorized a $150 million share-repurchase program. However, third-quarter EPS guidance was below consensus, and $150 million of wireless work was deferred into fiscal 2028.

Dycom Industries (NYSE:DY - Get Free Report) had its price objective lowered by research analysts at Cantor Fitzgerald from $654.00 to $476.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the construction company's stock. Cantor Fitzgerald's price target would suggest a potential upside of 52.59% from the company's previous close.

A number of other brokerages also recently weighed in on DY. Zacks Research downgraded shares of Dycom Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Wall Street Zen downgraded Dycom Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 25th. Wedbush set a $654.00 price objective on Dycom Industries in a research report on Friday, May 29th. UBS Group reiterated a "buy" rating on shares of Dycom Industries in a research note on Friday, July 24th. Finally, Guggenheim boosted their target price on Dycom Industries from $575.00 to $620.00 and gave the stock 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $561.91.

Dycom Industries Price Performance

DY opened at $311.94 on Thursday. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 0.62 and a beta of 1.54. The stock has a fifty day simple moving average of $424.20 and a two-hundred day simple moving average of $415.22. Dycom Industries has a 12-month low of $242.55 and a 12-month high of $566.47.

Dycom Industries (NYSE:DY - Get Free Report) last announced its earnings results on Wednesday, August 26th. The construction company reported $5.29 EPS for the quarter, beating analysts' consensus estimates of $4.72 by $0.57. The firm had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.98 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company's quarterly revenue was up 45.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Research analysts predict that Dycom Industries will post 15.45 earnings per share for the current fiscal year.

Dycom Industries announced that its Board of Directors 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 repurchase up to 1.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DY. &PARTNERS boosted its stake in Dycom Industries by 2.5% in the fourth quarter. &PARTNERS now owns 1,053 shares of the construction company's stock valued at $356,000 after acquiring an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Dycom Industries by 17.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company's stock worth $69,000 after purchasing an additional 30 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Dycom Industries by 1.7% during the 4th quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company's stock valued at $697,000 after purchasing an additional 35 shares during the last quarter. Legacy Wealth Managment LLC ID lifted its holdings in shares of Dycom Industries by 30.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company's stock valued at $51,000 after purchasing an additional 35 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Dycom Industries by 1.9% in the 4th quarter. CWM LLC now owns 1,956 shares of the construction company's stock worth $661,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company's stock.

Key Dycom Industries News

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

• Positive Sentiment: Dycom reported record fiscal Q2 results: contract revenue rose 45.6% year over year to $2.006 billion, adjusted EPS reached $5.29 versus a roughly $4.62–$4.72 consensus, and adjusted EBITDA was $315.5 million versus expectations near $297 million. Dycom fiscal 2027 second-quarter results
• Positive Sentiment: Total backlog increased 53.2% to a record $12.242 billion, improving revenue visibility. Management cited accelerating fiber, broadband, data-center and other digital-infrastructure demand, with analysts linking the growth opportunity to expanding AI infrastructure investment. Why Dycom’s earnings beat points to an AI infrastructure boom
• Positive Sentiment: The board authorized a new $150 million share-repurchase program, allowing Dycom to buy back up to approximately 1.4% of outstanding shares. The authorization may signal management’s view that the stock is undervalued and could provide support for earnings per share. Dycom $150 million stock repurchase program
• Positive Sentiment: Dycom completed its acquisition of National Technology Integrators, adding to its digital-infrastructure capabilities and potentially strengthening exposure to data-center and communications projects.
• Neutral Sentiment: Fiscal 2027 revenue guidance was raised or established at approximately $7.48 billion to $7.66 billion, broadly around the $7.6 billion analyst consensus, suggesting strong growth but limited upside relative to elevated expectations.
• Negative Sentiment: Third-quarter adjusted EPS guidance of $4.33 to $4.79 has a midpoint of $4.56, below the $4.68 consensus estimate. Investors viewed the cautious outlook as more important than the Q2 beat. Why Dycom Industries stock is sinking
• Negative Sentiment: Approximately $150 million of wireless work was deferred from fiscal 2027 into fiscal 2028, raising concerns about the timing of project execution and near-term revenue and earnings growth. Dycom wireless work deferred into fiscal 2028

Dycom Industries Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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