Dycom Industries (NYSE:DY) had its price objective raised by equities researchers at Wells Fargo & Co from $108.50 to $125.00 in a research report issued on Thursday. The brokerage currently has an “outperform” rating on the construction company’s stock. Wells Fargo & Co’s target price suggests a potential upside of 8.59% from the stock’s current price.

DY has been the subject of a number of other reports. Stephens boosted their target price on shares of Dycom Industries from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. KeyCorp restated a “buy” rating and issued a $118.00 target price on shares of Dycom Industries in a report on Thursday, December 21st. B. Riley restated a “buy” rating and issued a $119.00 target price (up from $98.00) on shares of Dycom Industries in a report on Friday, November 17th. Finally, Stifel Nicolaus boosted their target price on shares of Dycom Industries from $93.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. One research 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 stock has an average rating of “Buy” and a consensus target price of $121.50.

Dycom Industries (NYSE:DY) traded down $0.17 during trading hours on Thursday, hitting $115.11. 445,114 shares of the stock were exchanged, compared to its average volume of 564,794. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $3,494.85, a price-to-earnings ratio of 27.15, a PEG ratio of 1.61 and a beta of 1.36. Dycom Industries has a twelve month low of $73.95 and a twelve month high of $123.99.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.09. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The business had revenue of $756.20 million during the quarter, compared to analyst estimates of $729.35 million. During the same quarter in the previous year, the business posted $1.67 earnings per share. The company’s revenue was down 5.4% on a year-over-year basis. equities analysts expect that Dycom Industries will post 3.98 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Shields Capital Management LLC purchased a new stake in Dycom Industries during the third quarter worth approximately $966,000. Thompson Siegel & Walmsley LLC grew its stake in Dycom Industries by 12.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 330,772 shares of the construction company’s stock worth $28,406,000 after buying an additional 36,034 shares during the period. State Street Corp grew its stake in Dycom Industries by 3.3% during the second quarter. State Street Corp now owns 1,023,232 shares of the construction company’s stock worth $91,602,000 after buying an additional 32,975 shares during the period. Strs Ohio grew its stake in Dycom Industries by 461.8% during the third quarter. Strs Ohio now owns 15,730 shares of the construction company’s stock worth $1,350,000 after buying an additional 12,930 shares during the period. Finally, Gabelli Funds LLC purchased a new stake in Dycom Industries during the third quarter worth approximately $859,000.

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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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