Dycom Industries (NYSE:DY)‘s stock had its “buy” rating reissued by research analysts at Stifel Nicolaus in a research note issued on Monday. They presently have a $126.00 price target on the construction company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 14.99% from the stock’s current price.

DY has been the subject of a number of other research reports. Zacks Investment Research raised shares of Dycom Industries from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. ValuEngine raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. Craig Hallum reaffirmed a “buy” rating and issued a $114.00 price objective (up previously from $90.00) on shares of Dycom Industries in a report on Tuesday, November 21st. Wells Fargo & Company reissued an “outperform” rating and set a $109.00 target price (up previously from $88.00) on shares of Dycom Industries in a research note on Tuesday, November 21st. Finally, DA Davidson boosted their price target on shares of Dycom Industries to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $110.00.

Shares of Dycom Industries (NYSE DY) opened at $109.57 on Monday. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $3,389.96, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 2.17 and a beta of 1.38. Dycom Industries has a 12-month low of $73.95 and a 12-month high of $113.30.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. The firm had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $729.35 million. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 EPS. equities research analysts anticipate that Dycom Industries will post 4.09 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in DY. Pacad Investment Ltd. increased its holdings in shares of Dycom Industries by 71.4% in the 2nd quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock valued at $107,000 after purchasing an additional 500 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Dycom Industries by 6.6% during 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 acquiring an additional 80 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in Dycom Industries by 96.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock valued at $158,000 after acquiring an additional 864 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Dycom Industries by 257.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock valued at $192,000 after acquiring an additional 1,546 shares in the last quarter. Finally, Sigma Planning Corp purchased a new position in Dycom Industries during the 2nd quarter valued at about $211,000.

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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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