KeyCorp Boosts Dycom Industries (NYSE:DY) Price Target to $320.00

Key Points

• KeyCorp has increased its price target for Dycom Industries from $306.00 to $320.00, indicating a potential upside of 9.43% from its current price.
• Other analysts have also shown positive sentiment, with several upgrades, including a transition from a "hold" rating to a "strong-buy" rating by Zacks Research.
• Dycom Industries reported a quarterly EPS of $3.33, surpassing expectations and showing a 14.5% increase in revenue compared to the previous year.

Dycom Industries (NYSE:DY - Get Free Report) had its price objective lifted by investment analysts at KeyCorp from $306.00 to $320.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the construction company's stock. KeyCorp's price objective suggests a potential upside of 9.43% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Zacks Research raised shares of Dycom Industries from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 15th. Wells Fargo & Company lifted their price target on shares of Dycom Industries from $295.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, September 26th. JPMorgan Chase & Co. lifted their price target on shares of Dycom Industries from $250.00 to $275.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, 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 report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to data from MarketBeat.com, Dycom Industries presently has an average rating of "Buy" and an average price target of $301.38.

Dycom Industries Price Performance

Dycom Industries stock opened at $292.42 on Monday. The firm has a fifty day moving average of $271.52 and a 200-day moving average of $235.89. The firm has a market capitalization of $8.47 billion, a P/E ratio of 32.86, a PEG ratio of 1.40 and a beta of 1.15. Dycom Industries has a 52-week low of $131.37 and a 52-week high of $301.88. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74.

Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 EPS 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 firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the firm posted $2.46 EPS. The firm's revenue was up 14.5% compared to the same quarter last year. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. As a group, analysts predict that Dycom Industries will post 7.13 EPS for the current year.

Institutional Investors Weigh In On Dycom Industries

Several hedge funds have recently added to or reduced their stakes in the business. Archer Investment Corp grew its position in Dycom Industries by 6.2% in the second quarter. Archer Investment Corp now owns 690 shares of the construction company's stock worth $169,000 after buying an additional 40 shares during the last quarter. Quadrant Capital Group LLC grew its position in Dycom Industries by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company's stock worth $1,098,000 after buying an additional 46 shares during the last quarter. Profund Advisors LLC boosted its stake in Dycom Industries by 4.5% in the 2nd quarter. Profund Advisors LLC now owns 1,420 shares of the construction company's stock worth $347,000 after purchasing an additional 61 shares during the period. GAMMA Investing LLC boosted its stake in Dycom Industries by 9.1% in the 3rd quarter. GAMMA Investing LLC now owns 769 shares of the construction company's stock worth $224,000 after purchasing an additional 64 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 98.33% of the company's stock.

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.

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