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 report released on Thursday morning.

A number of other research firms have also recently weighed in on DY. UBS Group boosted their target price on shares of Dycom Industries from $175.00 to $200.00 and gave the stock a buy rating in a research note on Thursday, May 23rd. B. Riley upped their target price on Dycom Industries from $172.00 to $205.00 and gave the stock a buy rating in a report on Friday, May 31st. Bank of America increased their target price on Dycom Industries from $160.00 to $198.00 and gave the company a buy rating in a research report on Wednesday, May 29th. KeyCorp boosted their price target on Dycom Industries from $169.00 to $179.00 and gave the stock an overweight rating in a report on Thursday, May 23rd. Finally, Craig Hallum raised their price objective on shares of Dycom Industries from $145.00 to $190.00 and gave the company a buy rating in a report on Thursday, May 23rd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $191.71.

Get Our Latest Stock Report on Dycom Industries

Dycom Industries Stock Up 0.0 %

NYSE DY opened at $166.83 on Thursday. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.80 and a beta of 1.48. Dycom Industries has a 1-year low of $78.42 and a 1-year high of $186.47. The company has a current ratio of 3.17, a quick ratio of 2.97 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $158.78 and a 200-day moving average of $135.39.

Dycom Industries (NYSE:DYGet Free Report) last released its 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 firm 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 business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $1.73 EPS. On average, equities research analysts expect that Dycom Industries will post 7.96 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Dycom Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in DY. Allspring Global Investments Holdings LLC bought a new position in Dycom Industries during the first quarter valued at $28,000. Headlands Technologies LLC purchased a new stake in Dycom Industries during the first quarter valued at about $72,000. Quadrant Capital Group LLC boosted its position in Dycom Industries by 26.4% during the fourth quarter. Quadrant Capital Group LLC now owns 770 shares of the construction company’s stock worth $89,000 after purchasing an additional 161 shares during the period. Principal Securities Inc. purchased a new position in shares of Dycom Industries in the fourth quarter worth about $142,000. Finally, Strs Ohio raised its position in shares of Dycom Industries by 50.0% in the fourth quarter. Strs Ohio now owns 1,500 shares of the construction company’s stock valued at $172,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Company Profile

(Get Free Report)

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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