B. Riley Financial Raises Dycom Industries (NYSE:DY) Price Target to $625.00

Key Points

• B. Riley Financial raised its price target on Dycom Industries to $625 from $485 while keeping a buy rating, implying about 18.4% upside from the current share price.
• Other analysts have also been upbeat on DY, with recent target hikes from Wells Fargo to $650 and Guggenheim to $620, while the overall consensus remains a Buy with a median target of $480.73.
• Dycom’s stock was down slightly in trading, but the company recently reported strong quarterly results, including EPS of $4.42 and revenue of $1.96 billion, both well ahead of estimates, and it raised its fiscal 2027 outlook.

Dycom Industries (NYSE:DY - Get Free Report) had its price target increased by equities research analysts at B. Riley Financial from $485.00 to $625.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. B. Riley Financial's price objective would suggest a potential upside of 18.40% from the company's current price.

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an "overweight" rating in a report on Thursday, March 5th. Wall Street Zen downgraded Dycom Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 7th. Wells Fargo & Company increased their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an "overweight" rating in a research note on Thursday. Guggenheim boosted their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Zacks Research raised Dycom Industries from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $480.73.

Dycom Industries Stock Down 0.2%

NYSE:DY traded down $1.27 during trading hours on Thursday, reaching $527.86. The company's stock had a trading volume of 181,982 shares, compared to its average volume of 416,864. The stock has a 50 day moving average price of $395.39 and a two-hundred day moving average price of $373.96. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The company has a market capitalization of $15.85 billion, a P/E ratio of 55.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. Dycom Industries has a 12 month low of $225.34 and a 12 month high of $566.47.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.73 by $1.69. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $2.09 EPS. The business's revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities analysts predict that Dycom Industries will post 12.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Dycom Industries

Several hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in shares of Dycom Industries by 5,603.6% in the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company's stock valued at $139,057,000 after purchasing an additional 398,469 shares in the last quarter. Wilson Asset Management International PTY Ltd. acquired a new stake in shares of Dycom Industries in the 4th quarter valued at about $1,014,000. New York Life Investment Management LLC acquired a new stake in shares of Dycom Industries in the third quarter valued at approximately $830,000. American Century Companies Inc. boosted its stake in Dycom Industries by 58.4% during the 3rd quarter. American Century Companies Inc. now owns 97,801 shares of the construction company's stock worth $28,534,000 after purchasing an additional 36,074 shares during the period. Finally, 12th Street Asset Management Company LLC grew its holdings in shares of Dycom Industries by 48.9% during the third quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company's stock worth $19,617,000 after buying an additional 22,077 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

More Dycom Industries News

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

• Positive Sentiment: Dycom reported record first-quarter contract revenue of $1.965 billion, up 56.1% year over year, and adjusted EPS of $4.42, far above Wall Street expectations of $2.73. Article Title
• Positive Sentiment: The company lifted its fiscal 2027 outlook, with full-year contract revenue guidance now at $7.38 billion to $7.65 billion and Q2 revenue guidance also above consensus, signaling continued momentum. Article Title
• Positive Sentiment: Backlog reached a record $11.906 billion, up 46.5%, which points to strong future revenue visibility and sustained demand from telecom/network buildouts. Article Title
• Positive Sentiment: Dycom also announced a deal to acquire National Technology Integrators, expanding its exposure to the high-growth data center infrastructure market, which investors viewed favorably. Article Title
• Neutral Sentiment: The company is also participating in upcoming institutional investor events, which is a routine investor-relations update and not a major standalone catalyst. Article Title

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.

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