Dycom Industries (NYSE:DY) Hits New 12-Month High Following Strong Earnings

Dycom Industries, Inc. (NYSE:DY) shares reached a new 52-week high on Wednesday following a stronger than expected earnings report. The company traded as high as $315.50 and last traded at $347.55, with a volume of 12136 shares traded. The stock had previously closed at $296.20.

The construction company reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. Dycom Industries’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the company earned $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS.

Analysts Set New Price Targets

DY has been the subject of several analyst reports. DA Davidson upped their price objective on Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of Dycom Industries from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Wells Fargo & Company raised their price target on shares of Dycom Industries from $305.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, November 14th. KeyCorp lifted their price target on shares of Dycom Industries from $306.00 to $320.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, UBS Group increased their price objective on shares of Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $302.63.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in Dycom Industries in the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Dycom Industries in the 2nd quarter valued at approximately $32,000. Optiver Holding B.V. grew its position in Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the last quarter. CI Investments Inc. raised its holdings in Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after acquiring an additional 83 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in Dycom Industries in the first quarter valued at about $37,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Trading Up 16.8%

The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 39.01, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average of $284.12 and a 200 day moving average of $256.92.

Dycom Industries Company Profile

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.