Dycom Industries (NYSE:DY) Price Target Raised to $336.00 at UBS Group

Key Points

• UBS Group has raised the price target for Dycom Industries from $296.00 to $336.00, indicating a potential upside of 15.94% from its previous close.
• The company's recent earnings report showed a quarterly EPS of $3.33, surpassing expectations by $0.41, while revenues increased by 14.5% year-over-year.
• Dycom Industries currently holds a consensus rating of "Buy" from analysts, with a variety of firms adjusting their target prices upwards in recent months.

Dycom Industries (NYSE:DY - Get Free Report) had its price objective upped by investment analysts at UBS Group from $296.00 to $336.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. UBS Group's price target indicates a potential upside of 15.94% from the stock's previous close.

DY has been the subject of several other reports. Weiss Ratings restated a "buy (b)" rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Raymond James Financial boosted their target price on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of Dycom Industries from $250.00 to $275.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Zacks Research raised shares of Dycom Industries to a "hold" rating in a research note on Monday, August 11th. Finally, KeyCorp boosted their target price on shares of Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Dycom Industries presently has a consensus rating of "Buy" and a consensus target price of $298.25.

Dycom Industries Price Performance

Shares of NYSE DY traded up $5.48 during midday trading on Monday, reaching $289.81. The company's stock had a trading volume of 19,796 shares, compared to its average volume of 430,697. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $300.00. The business's 50 day moving average price is $269.25 and its two-hundred day moving average price is $230.97. The company has a market cap of $8.39 billion, a P/E ratio of 32.56, a P/E/G ratio of 1.36 and a beta of 1.15.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business earned $2.46 earnings per share. The firm's quarterly revenue was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, analysts forecast that Dycom Industries will post 7.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC bought a new position in shares of Dycom Industries during the 2nd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC boosted its holdings in Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company's stock worth $39,000 after buying an additional 68 shares during the period. AlphaQuest LLC bought a new position in Dycom Industries in the 1st quarter worth approximately $37,000. Caldwell Trust Co bought a new position in Dycom Industries in the 2nd quarter worth approximately $61,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Dycom Industries by 25.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 485 shares of the construction company's stock worth $119,000 after buying an additional 97 shares during the period. 98.33% of the stock is owned by institutional investors.

About Dycom Industries

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.