Dycom Industries surges after record Q1 results and higher FY2027 outlook

Dycom Industries, Inc. (DY) is up 30.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears driven by a major earnings-and-guidance reset higher after Dycom posted record fiscal Q1 2027 results, raised its full-year fiscal 2027 revenue outlook, and highlighted sharply higher backlog. Investors also seemed to respond positively to the company’s continued expansion into data center-related work via acquisitions.

Details:

Dycom delivered record fiscal Q1 2027 contract revenues of $1.965 billion, up 56.1% year over year, alongside record adjusted profitability metrics.

Total backlog was reported at $11.906 billion, up 46.5%, supporting expectations for sustained multi-quarter demand.

The company raised its fiscal 2027 annual contract revenue outlook to $7.38 billion to $7.65 billion and guided fiscal Q2 2027 contract revenues to $1.94 billion to $2.01 billion (excluding the pending National Technology Integrators acquisition).

Dycom entered into a definitive agreement to acquire National Technology Integrators, extending its capabilities in the data center infrastructure market.

Sources:

GlobeNewswire, Dycom Investor Relations, Nasdaq

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$DY Insider Trading Activity

$DY insiders have traded $DY stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $DY stock by insiders over the last 6 months:

EITAN GERTEL sold 3,645 shares for an estimated $1,259,784

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$DY Hedge Fund Activity

We have seen 287 institutional investors add shares of $DY stock to their portfolio, and 246 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 23,903,384 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $8,098,944,566
QUBE RESEARCH & TECHNOLOGIES LTD removed 292,445 shares (-85.3%) from their portfolio in Q1 2026, for an estimated $99,086,214
VANGUARD GROUP INC removed 271,950 shares (-9.0%) from their portfolio in Q4 2025, for an estimated $91,891,905
JANE STREET GROUP, LLC removed 201,705 shares (-99.2%) from their portfolio in Q1 2026, for an estimated $68,341,688
PRICE T ROWE ASSOCIATES INC /MD/ removed 184,465 shares (-33.0%) from their portfolio in Q1 2026, for an estimated $62,500,431
FIRST TRUST ADVISORS LP added 173,528 shares (+27.8%) to their portfolio in Q1 2026, for an estimated $58,794,756
ALYESKA INVESTMENT GROUP, L.P. added 170,126 shares (+92.4%) to their portfolio in Q1 2026, for an estimated $57,642,091

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$DY Analyst Ratings

Wall Street analysts have issued reports on $DY in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Buy" rating on 01/12/2026

To track analyst ratings and price targets for $DY, check out Quiver Quantitative's $DY forecast page.

$DY Price Targets

Multiple analysts have issued price targets for $DY recently. We have seen 7 analysts offer price targets for $DY in the last 6 months, with a median target of $475.0.

Here are some recent targets:

Manish A. Somaiya from Cantor Fitzgerald set a target price of $436.0 on 03/27/2026
Sangita Jain from Keybanc set a target price of $482.0 on 03/05/2026
Liam Burke from B. Riley Securities set a target price of $485.0 on 03/05/2026
Richard Choe from JP Morgan set a target price of $415.0 on 03/05/2026
Alexander Waters from B of A Securities set a target price of $475.0 on 02/25/2026
Joseph Osha from Guggenheim set a target price of $510.0 on 01/22/2026
Steven Fisher from UBS set a target price of $400.0 on 01/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.