UBS Group Cuts Dycom Industries (NYSE:DY) Price Target to $525.00

Dycom Industries (NYSE:DY) had its price objective cut by UBS Group from $611.00 to $525.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

DY has been the topic of a number of other reports. B. Riley Financial upped their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Guggenheim boosted their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their price objective on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Cantor Fitzgerald decreased their price objective on Dycom Industries from $654.00 to $476.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Zacks Research cut Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Dycom Industries presently has an average rating of “Moderate Buy” and an average price target of $514.00.

Dycom Industries Price Performance

Dycom Industries stock opened at $295.11 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.46 and a current ratio of 2.35. The firm has a market cap of $8.86 billion, a P/E ratio of 26.85, a P/E/G ratio of 0.52 and a beta of 1.54. The business’s fifty day moving average is $418.01 and its two-hundred day moving average is $413.73. Dycom Industries has a 52 week low of $242.55 and a 52 week high of $566.47.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 26th. The construction company reported $5.29 EPS for the quarter, topping the consensus estimate of $4.72 by $0.57. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the business earned $3.33 earnings per share. The business’s revenue for the quarter was up 45.6% on a year-over-year basis. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Equities research analysts forecast that Dycom Industries will post 15.44 earnings per share for the current fiscal year.

Dycom Industries announced that its Board of Directors has approved a share repurchase program on Wednesday, August 26th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 1.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Dycom Industries

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kemnay Advisory Services Inc. bought a new position in Dycom Industries during the 4th quarter worth approximately $30,000. Allworth Financial LP acquired a new position in shares of Dycom Industries in the 2nd quarter valued at $35,000. Acumen Wealth Advisors LLC acquired a new position in shares of Dycom Industries in the 4th quarter valued at $35,000. Legacy Wealth Managment LLC ID bought a new stake in shares of Dycom Industries in the 4th quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC raised its stake in Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after buying an additional 68 shares during the period. 98.33% of the stock is owned by institutional investors.

Dycom Industries News Summary

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

• Positive Sentiment: Dycom reported second-quarter earnings of $5.29 per share, above the $4.72 consensus estimate, while revenue reached approximately $2.01 billion versus expectations of $1.98 billion. Revenue increased 45.6% year over year, supported by communications infrastructure and digital-infrastructure demand. Dycom Industries beats Q2 forecasts as digital infrastructure demand accelerates
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook, citing continued strength in fiber, data-center connectivity and Building Systems. These trends point to a multiyear opportunity from fiber-network expansion and AI-related infrastructure spending. DY Q2 Earnings Call Focuses on Fiber Demand and Higher Outlook
• Positive Sentiment: The board authorized a $150 million share-repurchase program, equivalent to as much as 1.4% of outstanding shares. The authorization may support per-share results and signals that management believes the stock is undervalued. Stock Buyback Program Declared by Dycom Industries
• Neutral Sentiment: JPMorgan, UBS, Wells Fargo, KeyCorp and Cantor Fitzgerald lowered their price targets following the earnings report but retained bullish ratings, including “overweight” or “buy.” The target cuts reflect reduced near-term assumptions rather than a broadly negative long-term view.
• Negative Sentiment: The main pressure is fiscal third-quarter EPS guidance of $4.33 to $4.79, which is below analyst expectations. Investors are also concerned about a $150 million wireless-revenue deferral, helping explain why the strong quarterly beat has not translated into positive stock performance. Why Dycom Industries Stock Is Plummeting This Week

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.