Dycom Industries, Inc. (NYSE:DY) has received a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $115.10.

Several research analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Dycom Industries in a report on Wednesday, November 1st. ValuEngine upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. KeyCorp reiterated a “buy” rating and issued a $118.00 target price on shares of Dycom Industries in a research report on Thursday, December 21st. Wells Fargo & Co reiterated an “outperform” rating and issued a $109.00 target price (up from $88.00) on shares of Dycom Industries in a research report on Tuesday, November 21st. Finally, Craig Hallum reiterated a “buy” rating and issued a $114.00 target price (up from $90.00) on shares of Dycom Industries in a research report on Tuesday, November 21st.

A number of large investors have recently made changes to their positions in DY. Public Employees Retirement System of Ohio boosted its position in Dycom Industries by 6.6% during the second quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock valued at $116,000 after buying an additional 80 shares during the period. The Manufacturers Life Insurance Company boosted its position in Dycom Industries by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 68,127 shares of the construction company’s stock valued at $6,099,000 after buying an additional 177 shares during the period. Amalgamated Bank boosted its position in Dycom Industries by 4.6% during the second quarter. Amalgamated Bank now owns 4,404 shares of the construction company’s stock valued at $394,000 after buying an additional 192 shares during the period. Thrivent Financial For Lutherans boosted its position in Dycom Industries by 4.0% during the second quarter. Thrivent Financial For Lutherans now owns 6,230 shares of the construction company’s stock valued at $558,000 after buying an additional 240 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its position in Dycom Industries by 12.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 3,518 shares of the construction company’s stock valued at $315,000 after buying an additional 383 shares during the period.

Shares of Dycom Industries (NYSE:DY) opened at $115.94 on Friday. The company has a quick ratio of 2.86, a current ratio of 3.16 and a debt-to-equity ratio of 1.07. The company has a market cap of $3,590.00, a P/E ratio of 27.41, a P/E/G ratio of 2.24 and a beta of 1.38. Dycom Industries has a 1-year low of $73.95 and a 1-year high of $116.18.

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

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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.

Analyst Recommendations for Dycom Industries (NYSE:DY)

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