Dycom Industries Hits 52-Week High on Acquisition News
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 20 Nov 25
Source: SeekingAlpha
Shares of Dycom Industries Inc. (DY) surged to a 52-week high following the announcement of its $1.95 billion acquisition of Power Solutions, a major electrical contractor. This strategic move is expected to enhance Dycom's capabilities in the rapidly expanding data center market, providing significant operational synergies and growth potential. The acquisition, which is projected to be immediately accretive to adjusted EBITDA margins and free cash flow, reflects Dycom's strong financial performance, including a record revenue of $1.45 billion for the last quarter. Investors reacted positively, pushing the stock up by 9.7% in pre-market trading, indicating strong market sentiment ahead of the U.S. market opening.
Analyst Views on DY
Wall Street analysts forecast DY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DY is 385.67 USD with a low forecast of 320.00 USD and a high forecast of 426.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 369.990
Low
320.00
Averages
385.67
High
426.00
Current: 369.990
Low
320.00
Averages
385.67
High
426.00
About DY
Dycom Industries, Inc. is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. These services include program management, planning, engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications providers. The Company also provides electrical contracting services for data centers and other vital industries, underground facility locating services for various utilities, including telecommunications providers, as well as other construction and maintenance services for electric and gas utilities. The Company provides engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems that extend from the telephone company hub location, or cable operator headend, to a consumer’s home or business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
