Shares of Dycom Industries Inc. (NYSE:DY) have been assigned a consensus rating of “Buy” from the ten ratings firms that are covering the company. Two investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $101.26.
A number of analysts have commented on the stock. Stifel Nicolaus restated a “buy” rating on shares of Dycom Industries in a research report on Sunday, August 28th. Vetr upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $86.63 price target on the stock in a research report on Monday, June 13th. Zacks Investment Research upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Thursday, August 25th. DA Davidson set a $110.00 price target on shares of Dycom Industries and gave the stock a “buy” rating in a research report on Monday, August 22nd. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Dycom Industries in a research report on Wednesday, September 28th.
In related news, CAO Rebecca Brightly Roach sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $94.37, for a total transaction of $94,370.00. Following the transaction, the chief accounting officer now directly owns 8,534 shares of the company’s stock, valued at $805,353.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Timothy R. Estes sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $96.03, for a total transaction of $960,300.00. Following the transaction, the chief operating officer now directly owns 233,812 shares in the company, valued at $22,452,966.36. The disclosure for this sale can be found here. 4.96% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in DY. Macquarie Group Ltd. bought a new position in shares of Dycom Industries during the second quarter worth approximately $4,524,000. Nomura Holdings Inc. increased its position in shares of Dycom Industries by 367.6% in the second quarter. Nomura Holdings Inc. now owns 38,145 shares of the company’s stock worth $3,402,000 after buying an additional 29,988 shares during the last quarter. Mason Street Advisors LLC bought a new position in shares of Dycom Industries during the second quarter worth approximately $550,000. Aristotle Capital Boston LLC increased its position in shares of Dycom Industries by 3.3% in the second quarter. Aristotle Capital Boston LLC now owns 106,740 shares of the company’s stock worth $9,581,000 after buying an additional 3,368 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Dycom Industries by 77.6% in the second quarter. Royal Bank of Canada now owns 287,756 shares of the company’s stock worth $25,829,000 after buying an additional 125,703 shares during the last quarter.
Shares of Dycom Industries (NYSE:DY) opened at 81.78 on Wednesday. The company’s 50-day moving average is $83.89 and its 200-day moving average is $80.23. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 21.02 and a beta of 1.47. Dycom Industries has a 12 month low of $47.10 and a 12 month high of $98.45.
Dycom Industries (NYSE:DY) last released its quarterly earnings results on Tuesday, August 23rd. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.09. Dycom Industries had a net margin of 4.82% and a return on equity of 27.39%. The company had revenue of $789.16 million for the quarter, compared to the consensus estimate of $770.66 million. During the same period in the previous year, the firm earned $0.97 EPS. Dycom Industries’s revenue was up 36.4% on a year-over-year basis. On average, equities research analysts forecast that Dycom Industries will post $5.37 earnings per share for the current fiscal year.
Dycom Industries Company Profile
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities.
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