Dycom Industries (NYSE:DY) had its target price hoisted by Stephens from $120.00 to $140.00 in a research note issued to investors on Wednesday, December 20th, The Fly reports. Stephens currently has an overweight rating on the construction company’s stock.
Several other research firms have also issued reports on DY. Stifel Nicolaus restated a buy rating and issued a $126.00 target price (up previously from $120.00) on shares of Dycom Industries in a report on Monday, December 11th. Zacks Investment Research raised shares of Dycom Industries from a sell rating to a hold rating in a research note on Thursday, November 30th. ValuEngine raised shares of Dycom Industries from a hold rating to a buy rating in a research note on Wednesday, November 22nd. Craig Hallum reaffirmed a buy rating and issued a $114.00 price target (up previously from $90.00) on shares of Dycom Industries in a research note on Tuesday, November 21st. Finally, Wells Fargo & Co reaffirmed an outperform rating and issued a $109.00 price target (up previously from $88.00) on shares of Dycom Industries in a research note on Tuesday, November 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $115.10.
Dycom Industries (DY) traded up $2.15 during trading on Wednesday, hitting $118.09. 396,800 shares of the stock traded hands, compared to its average volume of 427,333. The company has a market cap of $3,640.00, a price-to-earnings ratio of 27.92, a PEG ratio of 2.24 and a beta of 1.38. The company has a quick ratio of 2.86, a current ratio of 3.16 and a debt-to-equity ratio of 1.07. Dycom Industries has a 12-month low of $73.95 and a 12-month high of $118.68.
Dycom Industries (NYSE:DY) last released its earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The firm had revenue of $756.20 million during the quarter, compared to analyst estimates of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $1.67 EPS. equities analysts forecast that Dycom Industries will post 4.09 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aurora Investment Counsel purchased a new position in Dycom Industries during the 4th quarter valued at about $1,718,000. Moors & Cabot Inc. purchased a new position in Dycom Industries during the 3rd quarter valued at about $249,000. Sterling Capital Management LLC increased its position in Dycom Industries by 15.8% during the 3rd quarter. Sterling Capital Management LLC now owns 30,388 shares of the construction company’s stock valued at $2,610,000 after purchasing an additional 4,148 shares during the period. Vident Investment Advisory LLC purchased a new position in Dycom Industries during the 3rd quarter valued at about $2,426,000. Finally, First Allied Advisory Services Inc. increased its position in Dycom Industries by 8.1% during the 3rd quarter. First Allied Advisory Services Inc. now owns 8,841 shares of the construction company’s stock valued at $759,000 after purchasing an additional 666 shares during the period.
About Dycom Industries
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
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