Dycom Industries (NYSE:DY) had its price objective cut by B. Riley from $135.00 to $132.00 in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the construction company’s stock. B. Riley’s target price points to a potential upside of 20.85% from the company’s current price.
Several other equities analysts have also issued reports on the company. Canaccord Genuity restated a “buy” rating and set a $125.00 price target (up from $110.00) on shares of Dycom Industries in a research note on Tuesday. KeyCorp boosted their price target on Dycom Industries from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Friday. ValuEngine upgraded Dycom Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Stephens boosted their price target on Dycom Industries from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. Finally, Stifel Nicolaus restated a “buy” rating and set a $126.00 price target (up from $120.00) on shares of Dycom Industries in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $119.90.
Shares of Dycom Industries (NYSE DY) traded up $0.35 on Tuesday, reaching $109.23. The company had a trading volume of 557,655 shares, compared to its average volume of 560,697. Dycom Industries has a 1 year low of $73.95 and a 1 year high of $123.99. 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 capitalization of $3,380.00, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 1.73 and a beta of 1.36.
Several hedge funds have recently added to or reduced their stakes in the company. 12th Street Asset Management Company LLC grew its stake in shares of Dycom Industries by 3.6% in the 4th quarter. 12th Street Asset Management Company LLC now owns 365,287 shares of the construction company’s stock valued at $40,704,000 after purchasing an additional 12,711 shares during the period. Alliancebernstein L.P. grew its stake in shares of Dycom Industries by 15.1% in the 4th quarter. Alliancebernstein L.P. now owns 1,025,193 shares of the construction company’s stock valued at $114,237,000 after purchasing an additional 134,410 shares during the period. Next Century Growth Investors LLC grew its stake in shares of Dycom Industries by 39.7% in the 4th quarter. Next Century Growth Investors LLC now owns 93,137 shares of the construction company’s stock valued at $10,378,000 after purchasing an additional 26,482 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Dycom Industries in the 4th quarter valued at approximately $2,685,000. Finally, Geode Capital Management LLC grew its stake in shares of Dycom Industries by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 252,808 shares of the construction company’s stock valued at $28,170,000 after purchasing an additional 1,736 shares during the period.
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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.
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