Dycom Industries’ (DY) “Buy” Rating Reaffirmed at Craig Hallum

Dycom Industries (NYSE:DY)‘s stock had its “buy” rating reiterated by research analysts at Craig Hallum in a research report issued on Tuesday, The Fly reports. They presently have a $129.00 target price on the construction company’s stock, up from their prior target price of $114.00. Craig Hallum’s price objective would indicate a potential upside of 18.48% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. ValuEngine raised Dycom Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. KeyCorp reaffirmed a “buy” rating and set a $118.00 target price on shares of Dycom Industries in a report on Thursday, December 21st. DA Davidson upped their target price on Dycom Industries to $100.00 and gave the company a “neutral” rating in a report on Tuesday, November 21st. Stephens upped their target price on Dycom Industries from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, November 16th. Finally, Stifel Nicolaus upped their target price on Dycom Industries from $93.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. One 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 company. Dycom Industries presently has a consensus rating of “Buy” and a consensus target price of $119.90.

Dycom Industries (DY) opened at $108.88 on Tuesday. Dycom Industries has a 52 week low of $73.95 and a 52 week high of $123.99. The firm has a market capitalization of $3,438.54, a PE ratio of 25.68, a P/E/G ratio of 1.73 and a beta of 1.36. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07.

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

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted 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 worth $116,000 after acquiring an additional 80 shares in the last quarter. First Personal Financial Services lifted its stake in Dycom Industries by 214.3% in the 4th quarter. First Personal Financial Services now owns 1,075 shares of the construction company’s stock worth $120,000 after acquiring an additional 733 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Dycom Industries by 55.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,529 shares of the construction company’s stock worth $170,000 after acquiring an additional 545 shares in the last quarter. Howe & Rusling Inc. lifted its stake in Dycom Industries by 3,671.1% in the 4th quarter. Howe & Rusling Inc. now owns 1,697 shares of the construction company’s stock worth $189,000 after acquiring an additional 1,652 shares in the last quarter. Finally, Cedar Capital LLC purchased a new stake in Dycom Industries in the 3rd quarter worth about $213,000.

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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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