KeyCorp Forecasts Strong Price Appreciation for Dycom Industries (NYSE:DY) Stock

Key Points

• KeyCorp raised its price target on Dycom to $482 (from $426) and kept an "overweight" rating, implying roughly a 29% upside
• Dycom beat Q4 expectations — EPS $2.03 vs $1.66 and revenue $1.46B (up ~34%), with a record $9.54B backlog and record free cash flow and strategic expansion into the data-center market, but the stock fell after the print and mixed guidance plus a high P/E (~36.7) leave it sensitive to execution or guidance misses.

Dycom Industries (NYSE:DY - Get Free Report) had its target price raised by investment analysts at KeyCorp from $426.00 to $482.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the construction company's stock. KeyCorp's price target suggests a potential upside of 29.29% from the company's current price.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, November 20th. Vertical Research initiated coverage on shares of Dycom Industries in a research note on Tuesday, December 23rd. They set a "buy" rating and a $420.00 price objective for the company. Guggenheim began coverage on shares of Dycom Industries in a research note on Thursday, January 22nd. They issued a "buy" rating and a $510.00 target price for the company. Bank of America increased their price objective on Dycom Industries from $365.00 to $475.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. Finally, DA Davidson boosted their price target on Dycom Industries from $300.00 to $390.00 and gave the stock a "buy" rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $415.20.

Dycom Industries Stock Down 3.7%

Shares of NYSE:DY traded down $14.27 during trading hours on Thursday, hitting $372.80. The company's stock had a trading volume of 45,332 shares, compared to its average volume of 373,298. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 36.69, a P/E/G ratio of 1.33 and a beta of 1.34. Dycom Industries has a 52 week low of $131.37 and a 52 week high of $445.52. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90. The firm's fifty day moving average price is $381.73 and its 200 day moving average price is $326.43.

Dycom Industries (NYSE:DY - Get Free Report) last announced its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.37. The business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.34 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The business's revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, research analysts expect that Dycom Industries will post 7.13 EPS for the current year.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the company's stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the sale, the director owned 15,997 shares in the company, valued at approximately $5,528,883.14. This represents a 18.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.72% of the company's stock.

Institutional Investors Weigh In On Dycom Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in Dycom Industries in the 3rd quarter worth about $26,000. Kemnay Advisory Services Inc. acquired a new position in Dycom Industries during the fourth quarter worth about $30,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Dycom Industries during the 2nd quarter valued at about $32,000. Optiver Holding B.V. raised its holdings in Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company's stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in Dycom Industries in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 98.33% of the company's stock.

Dycom Industries News Summary

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

• Positive Sentiment: Q4 results beat expectations — EPS $2.03 (vs. consensus ~$1.66) and revenue $1.46B, up ~34% year-over-year, demonstrating strong top- and bottom-line momentum. Zacks: Q4 Earnings
• Positive Sentiment: Record backlog ($9.54B) and record free cash flow cited in the results — supports multi-year revenue visibility from existing contracts. Blockonomi: Record Backlog
• Positive Sentiment: Strategic moves into the high-growth data center market (acquisition of Power Solutions) and management commentary highlighted “off the charts” data-center demand — a structural growth opportunity if execution continues. GlobeNewswire: Press Release
• Neutral Sentiment: Guidance is mixed: Q1 FY2027 EPS range of $2.57–$2.90 (consensus ~$2.67) and FY revenue guidance $6.9B–$7.2B — range overlaps Street estimates but leaves room for investor interpretation on near-term cadence and margins. Seeking Alpha: Guidance
• Negative Sentiment: Share-price weakness despite the beat — coverage notes the stock fell after the print, suggesting profit-taking (DY had run up into the report), sensitivity to the low end of the EPS range, or concerns about near-term margin/integration risks. MSN: Stock Reaction
• Negative Sentiment: High valuation and elevated expectations (P/E elevated after the run) make the name sensitive to any guidance nuance or execution slippage. Analysts and traders may reprice on small misses. Yahoo: Earnings Snapshot / Valuation Context

About Dycom Industries

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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