Dycom Industries, Inc. (NYSE:DY)‘s stock had its “outperform” rating reaffirmed by analysts at FBR & Co in a report released on Monday.

Several other research firms have also commented on DY. Zacks Investment Research lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. DA Davidson lowered shares of Dycom Industries from a “buy” rating to a “neutral” rating and set a $105.00 price target for the company. in a research report on Monday, February 27th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “buy” rating and issued a $120.00 price objective (up previously from $112.00) on shares of Dycom Industries in a report on Saturday, April 22nd. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Dycom Industries in a report on Wednesday, April 19th. Finally, ValuEngine raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $102.09.

Analyst Recommendations for Dycom Industries (NYSE:DY)

Shares of Dycom Industries (NYSE:DY) traded up 3.08% during midday trading on Monday, hitting $91.80. 857,786 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $97.22 and its 200-day moving average is $88.85. Dycom Industries has a 1-year low of $70.33 and a 1-year high of $110.64. The stock has a market cap of $2.85 billion, a PE ratio of 18.05 and a beta of 1.12.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, May 24th. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.19 by $0.11. The business had revenue of $786.30 million during the quarter, compared to analyst estimates of $736.20 million. Dycom Industries had a net margin of 5.30% and a return on equity of 28.96%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 earnings per share. Analysts predict that Dycom Industries will post $5.23 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of DY. Pictet Asset Management Ltd. increased its stake in Dycom Industries by 0.6% in the first quarter. Pictet Asset Management Ltd. now owns 10,940 shares of the construction company’s stock valued at $1,017,000 after buying an additional 66 shares during the last quarter. Shepherd Financial Partners LLC increased its stake in Dycom Industries by 1.8% in the first quarter. Shepherd Financial Partners LLC now owns 4,982 shares of the construction company’s stock valued at $460,000 after buying an additional 90 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Dycom Industries by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the construction company’s stock valued at $734,000 after buying an additional 100 shares during the last quarter. Advantus Capital Management Inc increased its stake in Dycom Industries by 2.9% in the first quarter. Advantus Capital Management Inc now owns 4,023 shares of the construction company’s stock valued at $374,000 after buying an additional 113 shares during the last quarter. Finally, Mason Street Advisors LLC increased its stake in Dycom Industries by 1.1% in the first quarter. Mason Street Advisors LLC now owns 14,844 shares of the construction company’s stock valued at $1,380,000 after buying an additional 158 shares during the last quarter.

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.

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