Dycom Industries (NYSE:DY) Price Target Raised to $395.00 at JPMorgan Chase & Co.

Dycom Industries (NYSE:DY) had its price objective upped by research analysts at JPMorgan Chase & Co. from $370.00 to $395.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 8.05% from the company’s current price.

A number of other brokerages also recently commented on DY. Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Bank of America raised their target price on shares of Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Wells Fargo & Company increased their price objective on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Vertical Research began coverage on shares of Dycom Industries in a report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Finally, B. Riley upped their target price on shares of Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $395.20.

Dycom Industries Price Performance

Shares of DY traded down $26.12 during trading hours on Wednesday, reaching $365.58. 162,223 shares of the stock traded hands, compared to its average volume of 334,245. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62. Dycom Industries has a 52-week low of $131.37 and a 52-week high of $402.33. The company’s 50-day moving average price is $355.65 and its two-hundred day moving average price is $305.34. The company has a market cap of $10.59 billion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 1.46 and a beta of 1.36.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.48. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 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 14.2% compared to the same quarter last year. 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. On average, analysts anticipate that Dycom Industries will post 7.13 earnings per share for the current year.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the sale, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.72% of the stock is owned by company insiders.

Institutional Trading of Dycom Industries

A number of hedge funds and other institutional investors have recently modified their holdings of DY. Peconic Partners LLC boosted its holdings in shares of Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after purchasing an additional 105,586 shares in the last quarter. Millennium Management LLC boosted its stake in Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after purchasing an additional 229,579 shares during the last quarter. First Trust Advisors LP grew its holdings in Dycom Industries by 6.8% during the third quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock worth $176,475,000 after buying an additional 38,472 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Dycom Industries by 5,603.6% in the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after buying an additional 398,469 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Dycom Industries by 15.2% during the 3rd quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock valued at $103,349,000 after buying an additional 46,680 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Company Profile

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.