JPMorgan Chase & Co. Boosts Dycom Industries (NYSE:DY) Price Target to $415.00

Dycom Industries (NYSE:DY) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $395.00 to $415.00 in a research note issued to investors on Thursday,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 16.14% from the company’s previous close.

Several other equities analysts also recently weighed in on DY. KeyCorp lifted their target price on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company increased their price target on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Zacks Research downgraded shares of Dycom Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Vertical Research assumed coverage on shares of Dycom Industries in a report on Tuesday, December 23rd. They set a “buy” rating and a $420.00 target price on the stock. Finally, DA Davidson increased their price target on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. One equities 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $431.20.

Dycom Industries Stock Down 3.4%

NYSE:DY opened at $357.34 on Thursday. Dycom Industries has a 52 week low of $131.37 and a 52 week high of $445.52. The stock’s fifty day moving average is $382.34 and its two-hundred day moving average is $327.31. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34. The company has a quick ratio of 2.90, a current ratio of 2.74 and a debt-to-equity ratio of 1.51.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.12. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The company’s revenue was up 34.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Research analysts anticipate that Dycom Industries will post 7.13 EPS for the current year.

Insider Activity

In related 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 completion of the transaction, the director directly owned 15,997 shares in the company, valued at $5,528,883.14. The trade was a 18.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dycom Industries

A number of institutional investors have recently made changes to their positions in DY. Sound Income Strategies LLC acquired a new stake in shares of Dycom Industries during the fourth quarter worth $32,000. Root Financial Partners LLC purchased a new stake in Dycom Industries in the 3rd quarter valued at about $26,000. Kemnay Advisory Services Inc. acquired a new position in shares of Dycom Industries during the 4th quarter valued at about $30,000. Acumen Wealth Advisors LLC purchased a new position in shares of Dycom Industries during the 4th quarter worth about $35,000. Finally, Optiver Holding B.V. grew its holdings in 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. 98.33% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Dycom Industries

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

• Positive Sentiment: Multiple broker upgrades and higher targets — B. Riley raised its target to $485 (buy), KeyCorp raised its target to $482 (overweight) and JPMorgan boosted its target to $415 (overweight), signaling analyst conviction in continued growth upside. Benzinga
• Positive Sentiment: Q4 results topped expectations: Dycom reported record contract revenue, adjusted earnings and adjusted EBITDA above consensus, and reiterated a strong growth outlook in the earnings call — fundamental beats underpin the bullish analyst moves. Earnings Call Summary
• Neutral Sentiment: Brokerage consensus remains constructive but measured — services aggregators show a “Moderate Buy” consensus, reflecting optimism tempered by valuation and execution risk. Consensus Article
• Neutral Sentiment: Earnings materials and presentation released for Q4 provide additional detail on backlog, margins and guidance — useful for investors evaluating revenue mix and margin cadence. Earnings Presentation
• Negative Sentiment: Market reaction: some outlets note the stock moved lower despite the beats — suggesting profit-taking and short-term investor concern about near-term valuation after a recent run-up. Zacks

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.