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

Dycom Industries (NYSE:DY) had its target price boosted by research analysts at KeyCorp from $482.00 to $610.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target points to a potential upside of 19.77% from the stock’s previous close.

Several other analysts have also issued reports on the company. Wells Fargo & Company boosted their price target on Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday. B. Riley Financial boosted their price target on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday. Cantor Fitzgerald boosted their price target on Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a report on Friday. Finally, Zacks Research raised Dycom Industries from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $554.92.

Dycom Industries Stock Down 0.1%

DY stock opened at $509.32 on Monday. Dycom Industries has a twelve month low of $225.34 and a twelve month high of $566.47. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The firm has a market cap of $15.29 billion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 1.17 and a beta of 1.49. The business has a 50 day moving average of $402.05 and a 200 day moving average of $377.24.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating the consensus estimate of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $2.09 EPS. The company’s revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, research analysts forecast that Dycom Industries will post 12.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Kemnay Advisory Services Inc. purchased a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $30,000. Optiver Holding B.V. boosted its holdings in shares of Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $32,000. CI Investments Inc. boosted its holdings in shares of Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after purchasing an additional 83 shares during the period. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $35,000. Institutional investors own 98.33% of the company’s stock.

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.