Dycom Industries, Inc. (NYSE:DY) Stock Has Average Target Price of $502.92 According to Analysts

Shares of Dycom Industries, Inc. (NYSE:DY) have been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $502.92.

Several analysts have recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $476.00 price objective on shares of Dycom Industries in a research report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Dycom Industries from $650.00 to $570.00 and set an “overweight” rating for the company in a research report on Thursday, August 27th. KeyCorp increased their target price on Dycom Industries from $423.00 to $429.00 and gave the company an “overweight” rating in a research note on Monday, September 21st. Weiss Ratings downgraded Dycom Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 18th. Finally, UBS Group restated a “buy” rating on shares of Dycom Industries in a research report on Thursday, September 17th.

Insider Transactions at Dycom Industries

In other news, Director Carmen Sabater bought 350 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was bought at an average price of $280.62 per share, for a total transaction of $98,217.00. Following the transaction, the director directly owned 7,154 shares of the company’s stock, valued at $2,007,555.48. This represents a 5.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Fallon bought 700 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was purchased at an average cost of $286.92 per share, with a total value of $200,844.00. Following the purchase, the director owned 1,043 shares of the company’s stock, valued at $299,257.56. This represents a 204.08% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.22% of the company’s stock.

Hedge Funds Weigh In On Dycom Industries

Several institutional investors and hedge funds have recently made changes to their positions in DY. Allworth Financial LP purchased a new position in Dycom Industries in the 2nd quarter worth $35,000. Nemes Rush Group LLC purchased a new stake in Dycom Industries during the fourth quarter valued at about $40,000. Clearstead Advisors LLC boosted its position in Dycom Industries by 212.8% during the fourth quarter. Clearstead Advisors LLC now owns 122 shares of the construction company’s stock valued at $41,000 after buying an additional 83 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Dycom Industries by 150.0% during the fourth quarter. Hantz Financial Services Inc. now owns 145 shares of the construction company’s stock valued at $49,000 after buying an additional 87 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID grew its stake in shares of Dycom Industries by 30.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company’s stock valued at $51,000 after buying an additional 35 shares during the last quarter. 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: A valuation analysis argues that DY could be approximately 48% undervalued after its pullback, suggesting substantial upside if the company’s earnings growth and telecommunications-infrastructure demand remain intact. Dycom Industries Could Be 48% Undervalued Following Its Sharp Pullback
• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and maintained a $476 price target, implying significant potential upside from recent trading levels. The bullish view is based on Dycom’s growth prospects. Cantor Fitzgerald Reaffirms Dycom Rating
• Positive Sentiment: A director purchased 350 shares worth approximately $98,217, increasing her ownership by 5.14%. Insider buying can signal confidence that the recent weakness has made the stock attractive. Dycom Director Buys 350 Shares
• Positive Sentiment: Zacks highlighted Dycom as a long-term growth stock. The company’s latest reported quarter showed revenue growth of 45.6% year over year, with earnings and revenue exceeding analyst expectations. Why Dycom Is a Top Growth Stock
• Neutral Sentiment: Dycom presented at the 25th Annual Diversified Industrials & Services Conference. The transcript provides investors with additional information on strategy and operating trends, but no specific new catalyst was reported. Dycom Conference Transcript
• Negative Sentiment: Shares remain down 11.7% since the last earnings report, indicating that investors have continued to take profits or reduce exposure despite the earnings beat. The stock’s position well below its moving averages reflects persistent near-term selling pressure. Dycom Down Since Earnings

Dycom Industries Stock Down 0.1%

Shares of NYSE DY opened at $271.94 on Tuesday. Dycom Industries has a 12 month low of $270.48 and a 12 month high of $566.47. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 0.46 and a beta of 1.49. The business has a 50-day moving average of $354.72 and a 200-day moving average of $396.48.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share for the quarter, beating analysts’ consensus estimates of $4.72 by $0.57. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the firm posted $3.33 earnings per share. Dycom Industries’s quarterly revenue was up 45.6% on a year-over-year basis. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Sell-side analysts expect that Dycom Industries will post 15.94 earnings per share for the current fiscal year.

Dycom Industries declared that its Board of Directors has approved a stock repurchase plan on Wednesday, August 26th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 1.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

About Dycom Industries

Dycom Industries, Inc is a specialty contractor that provides infrastructure construction and maintenance services for the telecommunications and utility industries. The company supports the expansion, upgrade and upkeep of communications networks, including fiber-optic, broadband, wireless and other voice and data systems.

Its services include engineering and design, aerial and underground construction, fiber and cable installation, wireless infrastructure deployment, network maintenance, utility locating, vegetation management and emergency restoration.