Dycom Industries (DY) PT Raised to $215 at Raymond James

Raymond James analyst Frank Louthan IV raised the price target on Dycom Industries (NYSE: DY) to $215.00 (from $210.00) while maintaining a Strong Buy rating.

The analyst comments "With F4Q25 now fully in the books, we have incorporated another full F4Q period’s worth of cumulative snowfall data into our analysis, and we believe the data likely bodes positively for the company this quarter. Our conclusion is that snowfall for the quarter, while higher than last year, is far enough below the 10-year average (as discussed below) to warrant a slight increase in our estimates for F4Q25. As such, we are taking our revenue estimate up ~100bp toward the higher end of the guidance range, and EPS is going to $0.95 from $0.93, and we are raising our PT to $215 from $210. Our findings were generated by superimposing NOAA snowfall mapping data (using consistent increments from November 1 through January 31) upon a proprietary sample of this data within a pre-determined radius around 359 different locations throughout the lower 48 states, which we believe are a reasonable proxy for Dycom’s footprint of over 560 field offices (controlling for double-counting of areas). We make further analysis based on our proprietary regression equation which we discuss in more detail below, and we are raising our F4Q estimates for DY revenue and EPS."

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