Brokerages Set Dycom Industries, Inc. (NYSE:DY) PT at $191.71

Dycom Industries, Inc. (NYSE:DY) has been given an average rating of “Buy” by the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $195.29.

A number of brokerages have recently issued reports on DY. B. Riley raised their target price on shares of Dycom Industries from $172.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Raymond James raised their target price on shares of Dycom Industries from $143.00 to $195.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 23rd. Craig Hallum raised their target price on shares of Dycom Industries from $145.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. StockNews.com upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, KeyCorp raised their target price on shares of Dycom Industries from $169.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd.

Insider Buying and Selling at Dycom Industries

In other Dycom Industries news, VP Jason T. Lawson sold 856 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $174.48, for a total value of $149,354.88. Following the completion of the sale, the vice president now owns 6,937 shares of the company’s stock, valued at $1,210,367.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dycom Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new stake in Dycom Industries in the first quarter valued at $28,000. GAMMA Investing LLC lifted its holdings in Dycom Industries by 107.8% in the second quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock valued at $49,000 after acquiring an additional 152 shares during the period. SJS Investment Consulting Inc. lifted its holdings in Dycom Industries by 5,071.4% in the second quarter. SJS Investment Consulting Inc. now owns 362 shares of the construction company’s stock valued at $61,000 after acquiring an additional 355 shares during the period. Headlands Technologies LLC acquired a new stake in Dycom Industries in the first quarter valued at $72,000. Finally, Quadrant Capital Group LLC increased its position in shares of Dycom Industries by 26.4% in the fourth quarter. Quadrant Capital Group LLC now owns 770 shares of the construction company’s stock valued at $89,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $175.49 on Friday. The firm has a market capitalization of $5.11 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.94 and a beta of 1.45. Dycom Industries has a 52 week low of $78.42 and a 52 week high of $186.47. The company has a quick ratio of 2.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average is $170.62 and its two-hundred day moving average is $143.11.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, May 22nd. The construction company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.39 by $0.73. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. Dycom Industries had a net margin of 5.38% and a return on equity of 22.15%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.73 earnings per share. Research analysts forecast that Dycom Industries will post 7.97 EPS for the current fiscal year.

Dycom Industries Company Profile

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.