Stifel Nicolaus Reaffirms Buy Rating for Dycom Industries (DY)
Stifel Nicolaus reaffirmed their buy rating on shares of Dycom Industries (NYSE:DY) in a research note issued to investors on Monday morning, Marketbeat.com reports. They currently have a $126.00 target price on the construction company’s stock, up from their prior target price of $120.00.
Other research analysts also recently issued reports about the company. Craig Hallum reaffirmed a buy rating and set a $114.00 target price (up from $90.00) on shares of Dycom Industries in a report on Tuesday, November 21st. Deutsche Bank initiated coverage on Dycom Industries in a report on Tuesday, September 26th. They set a buy rating and a $103.00 target price on the stock. Canaccord Genuity cut their target price on Dycom Industries from $120.00 to $110.00 and set a buy rating on the stock in a report on Thursday, August 31st. FBR & Co lifted their price objective on Dycom Industries from $98.00 to $112.00 and gave the stock a buy rating in a research report on Wednesday, August 30th. Finally, B. Riley reissued a buy rating and issued a $119.00 price objective (up from $98.00) on shares of Dycom Industries in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. Dycom Industries has an average rating of Buy and an average target price of $110.00.
Dycom Industries (NYSE DY) opened at $109.11 on Monday. The company has a market capitalization of $3,427.40, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.20 and a beta of 1.38. Dycom Industries has a twelve month low of $73.95 and a twelve month high of $113.30. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07.
Dycom Industries (NYSE:DY) last announced its earnings results on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The firm had revenue of $756.20 million for 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%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. equities analysts anticipate that Dycom Industries will post 4.09 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Alps Advisors Inc. raised its position in shares of Dycom Industries by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,126 shares of the construction company’s stock worth $459,000 after acquiring an additional 14 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Dycom Industries by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 2,526 shares of the construction company’s stock worth $226,000 after acquiring an additional 44 shares in the last quarter. Public Employees Retirement System of Ohio raised its position 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 worth $116,000 after acquiring an additional 80 shares in the last quarter. Capstone Asset Management Co. increased its position in Dycom Industries by 3.8% in the 2nd quarter. Capstone Asset Management Co. now owns 2,448 shares of the construction company’s stock valued at $219,000 after buying an additional 90 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in 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 in the last quarter.
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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