Dycom Industries (NYSE:DY) Given New $476.00 Price Target at Cantor Fitzgerald

Dycom Industries (NYSE:DY) had its price objective lowered by equities researchers at Cantor Fitzgerald from $654.00 to $476.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 52.59% from the company’s previous close.

Several other equities analysts also recently issued reports on DY. Wedbush set a $654.00 target price on Dycom Industries in a research report on Friday, May 29th. Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Wells Fargo & Company boosted their price target on Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, UBS Group restated a “buy” rating on shares of Dycom Industries in a research note on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dycom Industries currently has an average rating of “Moderate Buy” and a consensus target price of $561.91.

Dycom Industries Stock Down 11.3%

DY stock opened at $311.94 on Thursday. The firm has a 50 day moving average of $424.20 and a 200 day moving average of $415.22. The stock has a market capitalization of $9.37 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 0.62 and a beta of 1.54. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. Dycom Industries has a 52 week low of $242.55 and a 52 week high of $566.47.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share for the quarter, topping the consensus estimate of $4.72 by $0.57. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm earned $3.33 EPS. Dycom Industries’s revenue was up 45.6% compared to the same quarter last year. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Sell-side analysts forecast that Dycom Industries will post 15.45 earnings per share for the current year.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its stake in shares of Dycom Industries by 4,626.1% during the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after purchasing an additional 2,128 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Dycom Industries by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after acquiring an additional 4,985 shares in the last quarter. Invesco Ltd. grew its position in shares of Dycom Industries by 7.0% during the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after acquiring an additional 14,891 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after acquiring an additional 68 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Dycom Industries by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock valued at $547,000 after purchasing an additional 183 shares in the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Dycom Industries

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

• Positive Sentiment: Dycom reported record fiscal Q2 results: contract revenue rose 45.6% year over year to $2.006 billion, adjusted EPS reached $5.29 versus a roughly $4.62–$4.72 consensus, and adjusted EBITDA was $315.5 million versus expectations near $297 million. Dycom fiscal 2027 second-quarter results
• Positive Sentiment: Total backlog increased 53.2% to a record $12.242 billion, improving revenue visibility. Management cited accelerating fiber, broadband, data-center and other digital-infrastructure demand, with analysts linking the growth opportunity to expanding AI infrastructure investment. Why Dycom’s earnings beat points to an AI infrastructure boom
• Positive Sentiment: The board authorized a new $150 million share-repurchase program, allowing Dycom to buy back up to approximately 1.4% of outstanding shares. The authorization may signal management’s view that the stock is undervalued and could provide support for earnings per share. Dycom $150 million stock repurchase program
• Positive Sentiment: Dycom completed its acquisition of National Technology Integrators, adding to its digital-infrastructure capabilities and potentially strengthening exposure to data-center and communications projects.
• Neutral Sentiment: Fiscal 2027 revenue guidance was raised or established at approximately $7.48 billion to $7.66 billion, broadly around the $7.6 billion analyst consensus, suggesting strong growth but limited upside relative to elevated expectations.
• Negative Sentiment: Third-quarter adjusted EPS guidance of $4.33 to $4.79 has a midpoint of $4.56, below the $4.68 consensus estimate. Investors viewed the cautious outlook as more important than the Q2 beat. Why Dycom Industries stock is sinking
• Negative Sentiment: Approximately $150 million of wireless work was deferred from fiscal 2027 into fiscal 2028, raising concerns about the timing of project execution and near-term revenue and earnings growth. Dycom wireless work deferred into fiscal 2028

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.