Dycom Industries (NYSE:DY) Upgraded at StockNews.com

StockNews.com upgraded shares of Dycom Industries (NYSE:DYFree Report) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Other equities analysts have also issued reports about the company. Craig Hallum boosted their price target on Dycom Industries from $145.00 to $190.00 and gave the company a buy rating in a research note on Thursday. KeyCorp boosted their price target on Dycom Industries from $169.00 to $179.00 and gave the company an overweight rating in a research note on Thursday. B. Riley raised Dycom Industries from a neutral rating to a buy rating and boosted their price target for the company from $101.00 to $172.00 in a research note on Friday, March 8th. Wells Fargo & Company upped their target price on Dycom Industries from $165.00 to $175.00 and gave the stock an overweight rating in a research report on Monday, May 20th. Finally, Raymond James upped their target price on Dycom Industries from $143.00 to $195.00 and gave the stock a strong-buy rating in a research report on Thursday. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $175.86.

View Our Latest Report on Dycom Industries

Dycom Industries Stock Performance

Shares of DY stock opened at $179.73 on Thursday. The business’s 50 day simple moving average is $144.46 and its 200 day simple moving average is $123.63. Dycom Industries has a one year low of $78.42 and a one year high of $181.60. The stock has a market capitalization of $5.23 billion, a PE ratio of 23.16, a PEG ratio of 2.32 and a beta of 1.37. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.17 and a quick ratio of 2.85.

Dycom Industries (NYSE:DYGet Free Report) last issued its quarterly earnings results on Wednesday, May 22nd. The construction company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.73. Dycom Industries had a return on equity of 22.15% and a net margin of 5.38%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the firm earned $1.73 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. As a group, research analysts forecast that Dycom Industries will post 7.14 earnings per share for the current year.

Insider Activity at Dycom Industries

In related news, VP Jason T. Lawson sold 220 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $140.27, for a total value of $30,859.40. Following the completion of the sale, the vice president now directly owns 7,793 shares of the company’s stock, valued at approximately $1,093,124.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Peconic Partners LLC grew its stake in Dycom Industries by 0.7% in the 4th quarter. Peconic Partners LLC now owns 3,265,682 shares of the construction company’s stock valued at $375,847,000 after purchasing an additional 21,635 shares during the period. Vanguard Group Inc. grew its stake in Dycom Industries by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 3,196,041 shares of the construction company’s stock valued at $458,728,000 after purchasing an additional 12,395 shares during the period. Dimensional Fund Advisors LP grew its stake in Dycom Industries by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,008,912 shares of the construction company’s stock valued at $116,117,000 after purchasing an additional 15,389 shares during the period. FMR LLC grew its stake in shares of Dycom Industries by 3.0% during the 3rd quarter. FMR LLC now owns 674,834 shares of the construction company’s stock worth $60,060,000 after acquiring an additional 19,842 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Dycom Industries by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 418,969 shares of the construction company’s stock worth $48,219,000 after acquiring an additional 18,063 shares during the period. Institutional investors own 98.33% of the company’s stock.

About Dycom Industries

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Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.

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Analyst Recommendations for Dycom Industries (NYSE:DY)

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