Dycom Industries (NYSE:DY) Coverage Initiated at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald initiated coverage on Dycom with an overweight rating and a $436 price target, implying about a 21.1% upside from the prior close.
• Broad analyst support: several firms (Guggenheim, KeyCorp, B. Riley, UBS, Vertical) have Buy/Overweight ratings with targets ranging roughly $420–$510, and MarketBeat shows an average rating of Moderate Buy with an average target of $431.64 (1 Strong Buy, 11 Buy, 1 Sell).
• Fundamentals strong — Dycom beat quarterly estimates with EPS $2.03 vs. $1.91 and revenue $1.46B vs. $1.34B (revenue +34.4% YoY); management guided Q1 2027 EPS to 2.570–2.90 and analysts forecast ~7.13 EPS for the fiscal year.

Analysts at Cantor Fitzgerald assumed coverage on shares of Dycom Industries (NYSE:DY - Get Free Report) in a report released on Tuesday. The firm set an "overweight" rating and a $436.00 price target on the construction company's stock. Cantor Fitzgerald's price target suggests a potential upside of 21.10% from the company's previous close.

A number of other research firms have also issued reports on DY. Guggenheim began coverage on Dycom Industries in a report on Thursday, January 22nd. They set a "buy" rating and a $510.00 price target on the stock. KeyCorp boosted their target price on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an "overweight" rating in a report on Thursday, March 5th. B. Riley Financial upped their target price on Dycom Industries from $420.00 to $485.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. UBS Group set a $475.00 target price on shares of Dycom Industries and gave the stock a "buy" rating in a research note on Friday. Finally, Vertical Research assumed coverage on shares of Dycom Industries in a research note on Tuesday, December 23rd. They set a "buy" rating and a $420.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Dycom Industries presently has an average rating of "Moderate Buy" and an average target price of $431.64.

Dycom Industries Stock Up 0.8%

DY stock opened at $360.02 on Tuesday. The business has a 50 day moving average of $382.67 and a 200 day moving average of $328.89. Dycom Industries has a twelve month low of $131.37 and a twelve month high of $445.52. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51. The firm has a market cap of $10.43 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34.

Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business posted $1.17 earnings per share. Dycom Industries's quarterly revenue was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, research analysts forecast that Dycom Industries will post 7.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Eitan Gertel sold 3,645 shares of the business's stock in a transaction on 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 completion of the sale, the director directly owned 15,997 shares of the company's stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.72% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in Dycom Industries by 265,593,055.6% during the fourth 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 purchasing an additional 23,903,375 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Dycom Industries by 5,603.6% during the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company's stock worth $139,057,000 after purchasing an additional 398,469 shares during the period. Millennium Management LLC lifted its position in Dycom Industries by 21.0% in the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company's stock worth $386,564,000 after purchasing an additional 229,579 shares during the period. Alyeska Investment Group L.P. bought a new position in Dycom Industries in the 3rd quarter worth approximately $44,553,000. Finally, Bornite Capital Management LP purchased a new stake in shares of Dycom Industries in the third quarter worth $43,764,000. Institutional investors own 98.33% of the company's stock.

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.