Dycom Industries, Inc. (NYSE:DY) was the recipient of some unusual options trading on Thursday. Investors purchased 1,030 put options on the company. This represents an increase of approximately Infinity compared to the typical daily volume of 0 put options.

A number of research analysts have recently issued reports on the company. FBR & Co increased their target price on Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, August 30th. BidaskClub lowered Dycom Industries from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Craig Hallum reiterated a “buy” rating and set a $90.00 target price (down previously from $115.00) on shares of Dycom Industries in a research report on Thursday, August 31st. They noted that the move was a valuation call. KeyCorp upgraded Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 target price on the stock in a research report on Wednesday, August 30th. Finally, Zacks Investment Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Dycom Industries currently has a consensus rating of “Buy” and an average price target of $102.71.

Dycom Industries (NYSE DY) opened at $89.04 on Friday. Dycom Industries has a 52 week low of $70.33 and a 52 week high of $110.64. The company has a quick ratio of 2.69, a current ratio of 2.95 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $2,770.00, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.66 and a beta of 1.27.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 30th. The construction company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.03. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. The firm had revenue of $780.20 million during the quarter, compared to the consensus estimate of $798.62 million. During the same period in the prior year, the company earned $1.64 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. equities analysts predict that Dycom Industries will post 4.35 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. raised its stake in Dycom Industries by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,126 shares of the construction company’s stock valued at $459,000 after purchasing an additional 14 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Dycom Industries by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 2,526 shares of the construction company’s stock valued at $226,000 after purchasing an additional 44 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Dycom Industries by 6.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock valued at $116,000 after purchasing an additional 80 shares during the last quarter. Capstone Asset Management Co. raised its stake in Dycom Industries by 3.8% in the 2nd quarter. Capstone Asset Management Co. now owns 2,448 shares of the construction company’s stock valued at $219,000 after purchasing an additional 90 shares during the last quarter. Finally, Partnervest Advisory Services LLC raised its stake in Dycom Industries by 2.8% in the 2nd quarter. Partnervest Advisory Services LLC now owns 3,501 shares of the construction company’s stock valued at $313,000 after purchasing an additional 95 shares during the last quarter.

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About Dycom Industries

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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