KeyCorp Issues Positive Forecast for Dycom Industries (NYSE:DY) Stock Price

Dycom Industries (NYSE:DY) had its price target lifted by KeyCorp from $426.00 to $482.00 in a research note released on Thursday morning, Marketbeat Ratings reports. They currently have an overweight rating on the construction company’s stock.

A number of other research analysts have also issued reports on DY. Wells Fargo & Company raised their target price on shares of Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 15th. UBS Group boosted their price objective on Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. B. Riley Financial increased their target price on Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Finally, Vertical Research assumed coverage on Dycom Industries in a research report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $423.70.

Dycom Industries Stock Down 1.5%

Shares of NYSE DY traded down $5.48 during mid-day trading on Thursday, reaching $364.50. 80,285 shares of the company traded hands, compared to its average volume of 385,091. The company’s fifty day moving average is $382.15 and its two-hundred day moving average is $326.72. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.90 and a current ratio of 2.74. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $445.52. The stock has a market cap of $10.56 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company earned $1.17 EPS. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, analysts expect 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 the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the transaction, the director owned 15,997 shares of the company’s stock, valued at $5,528,883.14. This represents a 18.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.72% of the stock is owned by corporate insiders.

Institutional Trading of Dycom Industries

Several institutional investors have recently modified their holdings of DY. Sound Income Strategies LLC acquired a new position in shares of Dycom Industries in the fourth quarter valued at $32,000. Root Financial Partners LLC acquired a new position in shares of Dycom Industries in the 3rd quarter valued at $26,000. Kemnay Advisory Services Inc. bought a new position in shares of Dycom Industries during the 4th quarter worth about $30,000. Acumen Wealth Advisors LLC bought a new position in shares of Dycom Industries during the 4th quarter worth about $35,000. Finally, Optiver Holding B.V. boosted its position in shares of Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Key Dycom Industries News

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

• Positive Sentiment: Dycom reported a strong Q4: revenue grew ~34% y/y, adjusted earnings and adjusted EBITDA beat consensus, and management highlighted record backlog and robust data-center demand. Earnings Call Highlights
• Positive Sentiment: Management presented a confident outlook on the earnings call and provided Q1 guidance (EPS range) and commentary supporting continued revenue growth. Earnings Takeaway
• Positive Sentiment: Several brokerages raised ratings and price targets after the quarter — KeyCorp, JPMorgan and B. Riley raised PTs (to ~$482, $415 and $485 respectively), signaling upside versus recent levels. Analyst Price Target Raises
• Positive Sentiment: Consensus analyst stance is constructive — brokerages aggregate a “Moderate Buy” recommendation for DY. Brokerage Consensus
• Neutral Sentiment: Detailed materials (earnings call transcript and presentation) are available for investors who want line-by-line comments on margins, backlog composition and capex — useful for building financial models. Earnings Presentation
• Negative Sentiment: Market reaction is negative today: DY shares declined despite the beat — press coverage highlights the sell?off, suggesting profit-taking and valuation concerns (DY trades at a elevated P/E and has run up from prior lows). Market Reaction

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.