Dycom Industries (NYSE:DY) PT Raised to $190.00

Dycom Industries (NYSE:DY) had its target price boosted by research analysts at Craig Hallum from $145.00 to $190.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Craig Hallum’s target price points to a potential upside of 5.64% from the company’s previous close.

DY has been the subject of a number of other reports. UBS Group increased their price objective on Dycom Industries from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday. B. Riley raised Dycom Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $101.00 to $172.00 in a research note on Friday, March 8th. Wells Fargo & Company increased their price target on Dycom Industries from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. KeyCorp increased their price target on Dycom Industries from $169.00 to $179.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Raymond James increased their price target on Dycom Industries from $143.00 to $195.00 and gave the company a “strong-buy” rating in a research note on Thursday. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $175.86.

Dycom Industries Stock Up 1.5 %

NYSE:DY opened at $179.85 on Thursday. The firm has a market capitalization of $5.23 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.18 and a beta of 1.37. The stock has a 50 day moving average of $144.46 and a 200-day moving average of $123.63. Dycom Industries has a 52 week low of $78.42 and a 52 week high of $181.60. The company has a current ratio of 3.17, a quick ratio of 2.85 and a debt-to-equity ratio of 0.78.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, May 22nd. The construction company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.73. Dycom Industries had a return on equity of 22.15% and a net margin of 5.38%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the company posted $1.73 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts predict that Dycom Industries will post 7.14 EPS for the current year.

Insider Activity

In other news, VP Jason T. Lawson sold 220 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $140.27, for a total transaction of $30,859.40. Following the completion of the sale, the vice president now owns 7,793 shares in the company, valued at approximately $1,093,124.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.28% of the company’s stock.

Institutional Investors Weigh In On Dycom Industries

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Thompson Davis & CO. Inc. lifted its holdings in shares of Dycom Industries by 2.9% in the first quarter. Thompson Davis & CO. Inc. now owns 2,675 shares of the construction company’s stock valued at $384,000 after purchasing an additional 75 shares in the last quarter. First Bank & Trust lifted its holdings in shares of Dycom Industries by 5.7% in the first quarter. First Bank & Trust now owns 2,013 shares of the construction company’s stock valued at $289,000 after purchasing an additional 108 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Dycom Industries by 15.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 974 shares of the construction company’s stock valued at $87,000 after purchasing an additional 132 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Dycom Industries by 26.4% in the fourth quarter. Quadrant Capital Group LLC now owns 770 shares of the construction company’s stock valued at $89,000 after purchasing an additional 161 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Dycom Industries by 4.2% in the first quarter. Commonwealth Equity Services LLC now owns 4,201 shares of the construction company’s stock valued at $603,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.