Craig Hallum reissued their buy rating on shares of Dycom Industries (NYSE:DY) in a research report report published on Tuesday, The Fly reports. The firm currently has a $129.00 target price on the construction company’s stock, up from their previous target price of $114.00.

A number of other equities analysts have also issued reports on DY. B. Riley reiterated a buy rating on shares of Dycom Industries in a research report on Wednesday, November 1st. Canaccord Genuity reiterated a buy rating and issued a $125.00 target price (up previously from $110.00) on shares of Dycom Industries in a research report on Tuesday. KeyCorp increased their target price on shares of Dycom Industries from $118.00 to $123.00 and gave the company an overweight rating in a research report on Friday, February 9th. Wells Fargo & Co reiterated an outperform rating and issued a $109.00 target price (up previously from $88.00) on shares of Dycom Industries in a research report on Tuesday, November 21st. Finally, ValuEngine upgraded shares of Dycom Industries from a hold rating to a buy rating in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The company has an average rating of Buy and an average target price of $119.90.

Dycom Industries (NYSE:DY) opened at $109.23 on Tuesday. The stock has a market cap of $3,368.61, a PE ratio of 23.77, a P/E/G ratio of 1.56 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 12-month low of $73.95 and a 12-month high of $123.99.

Dycom Industries (NYSE:DY) last announced its earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.09. The firm had revenue of $756.20 million during the quarter, compared to analyst estimates of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. Dycom Industries’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.67 EPS. equities analysts forecast that Dycom Industries will post 4.09 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in shares of Dycom Industries by 6.6% during 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 purchasing an additional 80 shares in the last quarter. First Personal Financial Services boosted its position in shares of Dycom Industries by 214.3% during the 4th quarter. First Personal Financial Services now owns 1,075 shares of the construction company’s stock valued at $120,000 after purchasing an additional 733 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Dycom Industries by 55.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,529 shares of the construction company’s stock valued at $170,000 after purchasing an additional 545 shares in the last quarter. Howe & Rusling Inc. boosted its position in shares of Dycom Industries by 3,671.1% during the 4th quarter. Howe & Rusling Inc. now owns 1,697 shares of the construction company’s stock valued at $189,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Cedar Capital LLC bought a new position in shares of Dycom Industries during the 3rd quarter valued at about $213,000.

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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.

The Fly

Analyst Recommendations for Dycom Industries (NYSE:DY)

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