Dycom Industries (NYSE:DY) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Sunday.

Several other analysts also recently weighed in on DY. B. Riley restated a “buy” rating on shares of Dycom Industries in a report on Wednesday, November 1st. KeyCorp restated a “buy” rating and issued a $118.00 price objective on shares of Dycom Industries in a report on Thursday, December 21st. Stephens lifted their price objective on Dycom Industries from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 20th. Wells Fargo & Co reiterated an “outperform” rating and issued a $109.00 target price (up from $88.00) on shares of Dycom Industries in a report on Tuesday, November 21st. Finally, Craig Hallum reiterated a “buy” rating and issued a $114.00 target price (up from $90.00) on shares of Dycom Industries in a report on Tuesday, November 21st. 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’s stock. The company currently has a consensus rating of “Buy” and an average price target of $115.10.

Shares of Dycom Industries (NYSE DY) opened at $111.43 on Friday. The company has a quick ratio of 2.86, a current ratio of 3.16 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $3,447.51, a PE ratio of 26.28, a P/E/G ratio of 2.20 and a beta of 1.38. Dycom Industries has a fifty-two week low of $73.95 and a fifty-two week high of $115.38.

Dycom Industries (NYSE:DY) last released its quarterly earnings data 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 firm 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%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 earnings per share. research analysts anticipate that Dycom Industries will post 4.11 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in DY. SG Americas Securities LLC raised its holdings in Dycom Industries by 57.8% in the second quarter. SG Americas Securities LLC now owns 11,489 shares of the construction company’s stock worth $1,028,000 after purchasing an additional 4,208 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Dycom Industries by 19.9% during the second quarter. Legal & General Group Plc now owns 23,861 shares of the construction company’s stock worth $2,136,000 after acquiring an additional 3,955 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Dycom Industries by 12.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,354 shares of the construction company’s stock worth $927,000 after acquiring an additional 1,112 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Dycom Industries by 6.0% during the second quarter. Principal Financial Group Inc. now owns 136,981 shares of the construction company’s stock worth $12,263,000 after acquiring an additional 7,701 shares during the last quarter. Finally, Pacad Investment Ltd. grew its stake in shares of Dycom Industries by 71.4% during the second quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock worth $107,000 after acquiring an additional 500 shares during the last quarter.

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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 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.

Analyst Recommendations for Dycom Industries (NYSE:DY)

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