Dycom Industries, Inc. (NYSE:DY) saw unusually large options trading on Thursday. Stock traders bought 3,176 call options on the stock. This is an increase of approximately Infinity compared to the average volume of 0 call options.

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

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.03. The business had revenue of $780.20 million for the quarter, compared to analyst estimates of $798.62 million. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. sell-side analysts forecast that Dycom Industries will post 4.35 EPS for the current year.

DY has been the topic of several research analyst reports. Deutsche Bank AG initiated coverage on Dycom Industries in a research report on Tuesday, September 26th. They set a “buy” rating and a $103.00 price target on the stock. Canaccord Genuity cut their price target on Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 31st. Craig Hallum reaffirmed a “buy” rating and set a $90.00 price target (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. FBR & Co lifted their price target on Dycom Industries from $98.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Finally, Zacks Investment Research raised 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 given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $102.71.

Large investors have recently added to or reduced their stakes in the company. GW&K Investment Management LLC acquired a new position in shares of Dycom Industries in the second quarter valued at approximately $2,988,000. Pier Capital LLC purchased a new stake in shares of Dycom Industries in the second quarter valued at approximately $5,593,000. Virginia Retirement Systems ET AL boosted its stake in shares of Dycom Industries by 40.2% in the second quarter. Virginia Retirement Systems ET AL now owns 25,100 shares of the construction company’s stock valued at $2,247,000 after buying an additional 7,200 shares in the last quarter. James Investment Research Inc. purchased a new stake in shares of Dycom Industries in the second quarter valued at approximately $1,905,000. Finally, Vanguard Group Inc. boosted its stake in shares of Dycom Industries by 0.7% in the second quarter. Vanguard Group Inc. now owns 2,454,547 shares of the construction company’s stock valued at $219,732,000 after buying an additional 17,420 shares in 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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