Shares of Dycom Industries, Inc. (NYSE:DY) have earned a consensus rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $94.89.

Several equities analysts have recently weighed in on DY shares. BidaskClub downgraded Dycom Industries from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Zacks Investment Research downgraded Dycom Industries from a “buy” rating to a “hold” rating in a report on Friday, May 26th. FBR & Co reiterated an “outperform” rating on shares of Dycom Industries in a report on Monday, June 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $120.00 price objective (up from $112.00) on shares of Dycom Industries in a report on Saturday, April 22nd. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Dycom Industries in a report on Wednesday, April 19th.

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A number of large investors have recently added to or reduced their stakes in the company. Callahan Advisors LLC increased its stake in Dycom Industries by 7.5% in the first quarter. Callahan Advisors LLC now owns 50,605 shares of the construction company’s stock valued at $4,704,000 after buying an additional 3,545 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Dycom Industries by 42.5% in the first quarter. Russell Investments Group Ltd. now owns 64,506 shares of the construction company’s stock valued at $5,996,000 after buying an additional 19,252 shares during the last quarter. Northeast Investment Management acquired a new stake in Dycom Industries during the first quarter valued at approximately $236,000. Strs Ohio increased its stake in Dycom Industries by 42.9% in the first quarter. Strs Ohio now owns 3,000 shares of the construction company’s stock valued at $278,000 after buying an additional 900 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in Dycom Industries by 87.9% in the first quarter. Rice Hall James & Associates LLC now owns 227,060 shares of the construction company’s stock valued at $21,105,000 after buying an additional 106,246 shares during the last quarter.

Dycom Industries (NYSE:DY) opened at 88.33 on Friday. Dycom Industries has a one year low of $70.33 and a one year high of $110.64. The company has a 50 day moving average of $89.36 and a 200-day moving average of $90.86. The stock has a market capitalization of $2.75 billion, a P/E ratio of 17.37 and a beta of 1.19.

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

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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