Dycom Industries (NYSE:DY) Given New $415.00 Price Target at JPMorgan Chase & Co.

Dycom Industries (NYSE:DY) had its price objective upped by JPMorgan Chase & Co. from $395.00 to $415.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

DY has been the topic of a number of other reports. Wells Fargo & Company boosted their target price on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Bank of America boosted their price objective on shares of Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. 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 for the company. Guggenheim assumed coverage on shares of Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price target on the stock. Finally, B. Riley Financial increased their price target on shares of Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Dycom Industries presently has an average rating of “Moderate Buy” and a consensus price target of $423.70.

Dycom Industries Stock Down 4.6%

Shares of NYSE DY opened at $369.33 on Thursday. The company has a quick ratio of 2.90, a current ratio of 2.74 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average price of $382.15 and a 200 day moving average price of $326.72. Dycom Industries has a 52 week low of $131.37 and a 52 week high of $445.52. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34.

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

Insider Activity

In other news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.72% of the stock is owned by corporate insiders.

Institutional Trading of Dycom Industries

Several hedge funds and other institutional investors have recently bought and sold shares of DY. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after purchasing an additional 23,903,375 shares during the period. Peconic Partners LLC increased its stake in Dycom Industries by 2.8% in the second 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 during the last quarter. Millennium Management LLC lifted its position in Dycom Industries by 21.0% during the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after buying an additional 229,579 shares during the period. Geode Capital Management LLC boosted its stake in Dycom Industries by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock worth $245,771,000 after buying an additional 53,993 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Dycom Industries by 3.4% in the 4th quarter. First Trust Advisors LP now owns 625,171 shares of the construction company’s stock valued at $211,245,000 after buying an additional 20,306 shares during the period. 98.33% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Dycom Industries

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

• Positive Sentiment: Q4 results beat expectations: GAAP-adjusted EPS $2.03 vs. $1.91 estimate and contract revenue of $1.46B (up ~34% YoY); adjusted EBITDA improved. These upside beats are the primary fundamental driver underpinning the bullish analyst reactions. Dycom Q4 Earnings & Revenues Top, Adjusted EBITDA Up Y/Y
• Positive Sentiment: Record backlog (~$9.54B) and strong free cash flow; completed acquisition of Power Solutions to accelerate entry into the high-growth data-center market — supports multi-year revenue runway. Dycom Reports Fiscal 2026 Fourth Quarter and Annual Results
• Positive Sentiment: Multiple analyst upgrades and price-target raises (KeyCorp, B. Riley, JPMorgan among others) show sell-side conviction on medium-term growth and margin expansion. KeyBanc PT Raised to $482 B. Riley & JPMorgan Coverage
• Neutral Sentiment: Company issued Q1 FY2027 EPS guidance of $2.57–$2.90 and FY2027 revenue guidance $6.9B–$7.2B; guidance includes upside at the top end but a range that leaves room for investor debate on near-term conservatism vs. upside. Dycom FY2027 Outlook (Slide Deck)
• Negative Sentiment: Market reaction: the stock fell on heavy volume despite the beat — suggesting profit-taking and concern that guidance (lower range of Q1) and near-term visibility could underwhelm some investors; high valuation metrics (PE ~36) may amplify selling. Stock Drops Despite Record Backlog

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.