Dycom Industries Director Buys $465,750 in Stock (DY)
Dycom Industries (NYSE:DY) Director Charles B. Coe bought 15,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were purchased at an average price of $31.05 per share, for a total transaction of $465,750.00. Following the purchase, the director now directly owns 45,782 shares in the company, valued at approximately $1,421,531. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Dycom Industries (NYSE:DY) traded down 1.65% during mid-day trading on Tuesday, hitting $30.37. 178,587 shares of the company’s stock traded hands. Dycom Industries has a one year low of $23.69 and a one year high of $34.00. The stock’s 50-day moving average is $30.6 and its 200-day moving average is $29.87. The company has a market cap of $1.031 billion and a P/E ratio of 27.95.
Dycom Industries (NYSE:DY) last released its earnings data on Tuesday, May 20th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.01. The company had revenue of $426.30 million for the quarter, compared to the consensus estimate of $429.56 million. During the same quarter last year, the company posted $0.21 earnings per share. Dycom Industries’s revenue was down 2.5% compared to the same quarter last year. Analysts expect that Dycom Industries will post $1.16 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “underperform” rating on shares of Dycom Industries in a research note on Friday, May 30th. They now have a $27.00 price target on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Dycom Industries from $33.00 to $35.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Dycom Industries currently has a consensus rating of “Buy” and an average target price of $32.36.
Dycom Industries, Inc is a provider of specialty contracting services. The services, which are provided throughout the United States and in Canada, include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities and others.
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