Vertical Research Begins Coverage on Dycom Industries (NYSE:DY)

Stock analysts at Vertical Research started coverage on shares of Dycom Industries (NYSE:DY) in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating and a $420.00 price target on the construction company’s stock. Vertical Research’s price target suggests a potential upside of 20.55% from the company’s previous close.

A number of other research firms have also issued reports on DY. Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Bank of America boosted their price objective on Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. B. Riley raised their target price on Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. DA Davidson lifted their price target on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, UBS Group upped their price objective on shares of Dycom Industries from $336.00 to $373.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and an average price target of $376.67.

Dycom Industries Price Performance

Shares of NYSE DY opened at $348.40 on Tuesday. The firm has a 50-day simple moving average of $319.38 and a 200-day simple moving average of $281.45. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 1.80 and a beta of 1.36. Dycom Industries has a 52 week low of $131.37 and a 52 week high of $366.65.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. Dycom Industries’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, equities analysts predict that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DY. Peconic Partners LLC increased its position in shares of Dycom Industries by 2.8% during the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after acquiring an additional 105,586 shares during the last quarter. Millennium Management LLC boosted its position in shares of Dycom Industries by 3.2% during the 1st quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company’s stock worth $225,676,000 after purchasing an additional 45,562 shares during the period. Hill City Capital LP increased its holdings in Dycom Industries by 14.1% in the 1st quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock valued at $147,737,000 after purchasing an additional 120,000 shares during the last quarter. First Trust Advisors LP raised its position in Dycom Industries by 6.8% in the third quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock valued at $176,475,000 after purchasing an additional 38,472 shares during the period. Finally, Bank of America Corp DE lifted its stake in Dycom Industries by 15.2% during the third quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock worth $103,349,000 after purchasing an additional 46,680 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Trending Headlines about Dycom Industries

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

• Positive Sentiment: Dycom completed the purchase of Power Solutions for roughly $1.63 billion (cash plus ~1.0M shares). Power Solutions will keep its brand and management, expanding Dycom’s electrical/data‑center capabilities in the Mid‑Atlantic — a clear strategic move into higher‑margin digital infrastructure work. Dycom Industries Completes Acquisition of Power Solutions
• Positive Sentiment: Management says the deal should be immediately accretive to adjusted EBITDA margins and adjusted diluted EPS (excluding non‑cash amortization) and improve free cash flow — information that can support upward earnings revisions and analyst optimism. QuiverQuant: Dycom Completes Acquisition of Power Solutions
• Neutral Sentiment: Dycom says the deal better positions it for AI/data‑center tailwinds and broadband stimulus (BEAD) spending — growth drivers for future backlog but dependent on execution and market timing. Dycom Strengthens Position With $1.63B Power Solutions Acquisition
• Neutral Sentiment: Analyst coverage remains constructive — Vertical Research initiated a Buy with a $420 PT and other firms maintain Buy/Overweight stances and mid‑$300s to $400+ targets; valuation commentary highlights a strong multi‑year run and suggests investors should reassess upside vs. peers. Tickerreport: Vertical Research Buy Rating
• Negative Sentiment: Financing and leverage concerns: Dycom amended its credit agreement (revolver to $800M, term loan to $1.54B, and a $600M 364‑day bridge loan) to fund the deal — this raises leverage and interest‑service risk until synergies and cash flow materialize, and integration execution remains a key downside risk. MSN: Dycom Completes Power Solutions Acquisition, Expands Credit Facilities

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.