Shares of Dycom Industries, Inc. (NYSE:DY) have been given an average recommendation of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $60.29.
Several research analysts have weighed in on the company. Wells Fargo & Co boosted their price objective on Dycom Industries from $50.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. They noted that the move was a valuation call. Deutsche Bank boosted their price objective on Dycom Industries from $54.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Canaccord Genuity cut their price objective on Dycom Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. They noted that the move was a valuation call. Zacks Investment Research raised Dycom Industries from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. Finally, B. Riley boosted their price objective on Dycom Industries from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th.
Dycom Industries stock traded up $0.82 during trading on Friday, hitting $56.56. 9,853 shares of the company were exchanged, compared to its average volume of 403,672. The firm has a 50 day simple moving average of $52.12. Dycom Industries has a 52 week low of $41.78 and a 52 week high of $100.25. The company has a market capitalization of $1.75 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.89 and a beta of 1.32. The company has a debt-to-equity ratio of 1.11, a current ratio of 3.45 and a quick ratio of 3.14.
Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC raised its stake in shares of Dycom Industries by 262.2% during the 1st quarter. Parallel Advisors LLC now owns 815 shares of the construction company’s stock valued at $37,000 after purchasing an additional 590 shares during the period. NumerixS Investment Technologies Inc bought a new stake in shares of Dycom Industries during the 4th quarter valued at $77,000. Public Employees Retirement System of Ohio increased its stake in Dycom Industries by 24.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,476 shares of the construction company’s stock worth $80,000 after acquiring an additional 288 shares during the last quarter. Bank of Montreal Can increased its stake in Dycom Industries by 17.1% in the 4th quarter. Bank of Montreal Can now owns 1,686 shares of the construction company’s stock worth $91,000 after acquiring an additional 246 shares during the last quarter. Finally, Pearl River Capital LLC bought a new position in Dycom Industries in the 1st quarter worth about $138,000. 93.47% of the stock is currently owned by hedge funds and other institutional investors.
About Dycom Industries
Dycom Industries, Inc provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.
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