Dycom Industries (NYSE:DY) had its price target boosted by Wells Fargo & Co from $108.50 to $125.00 in a research report report published on Thursday. They currently have an outperform rating on the construction company’s stock.
Several other research firms also recently weighed in on DY. KeyCorp reaffirmed a buy rating and issued a $118.00 target price on shares of Dycom Industries in a research report on Thursday, December 21st. ValuEngine raised Dycom Industries from a hold rating to a buy rating in a research report on Sunday, December 31st. Stifel Nicolaus reiterated a buy rating and issued a $126.00 price objective (up previously from $120.00) on shares of Dycom Industries in a research note on Monday, December 11th. Canaccord Genuity reiterated a buy rating and issued a $125.00 price objective (up previously from $110.00) on shares of Dycom Industries in a research note on Tuesday, February 13th. Finally, B. Riley decreased their price objective on Dycom Industries from $135.00 to $132.00 and set a buy rating for the company in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $121.50.
Dycom Industries (DY) opened at $115.11 on Thursday. The firm has a market capitalization of $3,561.36, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.64 and a beta of 1.36. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.86. Dycom Industries has a 52-week low of $73.95 and a 52-week high of $123.99.
Dycom Industries (NYSE:DY) last released its earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.09. The company had revenue of $756.20 million during the quarter, compared to the consensus estimate of $729.35 million. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. Dycom Industries’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. equities research analysts anticipate that Dycom Industries will post 3.96 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Dycom Industries by 6.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock valued at $116,000 after buying an additional 80 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Dycom Industries by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,127 shares of the construction company’s stock valued at $6,099,000 after buying an additional 177 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Dycom Industries by 55.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,529 shares of the construction company’s stock valued at $170,000 after buying an additional 545 shares during the period. Flinton Capital Management LLC lifted its stake in Dycom Industries by 17.9% during the fourth quarter. Flinton Capital Management LLC now owns 3,696 shares of the construction company’s stock worth $412,000 after purchasing an additional 560 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its stake in Dycom Industries by 8.1% during the third quarter. First Allied Advisory Services Inc. now owns 8,841 shares of the construction company’s stock worth $759,000 after purchasing an additional 666 shares during the last quarter.
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About Dycom Industries
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
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