Dycom Industries (NYSE:DY) had its price target lifted by investment analysts at Stephens from $120.00 to $140.00 in a report issued on Wednesday, The Fly reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Stephens’ target price would suggest a potential upside of 30.89% from the company’s current price.
Several other research analysts also recently commented on the stock. BidaskClub downgraded shares of Dycom Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Deutsche Bank started coverage on shares of Dycom Industries in a research note on Tuesday, September 26th. They issued a “buy” rating and a $103.00 target price on the stock. Craig Hallum reaffirmed a “buy” rating and issued a $114.00 target price (up from $90.00) on shares of Dycom Industries in a research note on Tuesday, November 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $126.00 target price (up from $120.00) on shares of Dycom Industries in a research note on Monday, December 11th. Finally, Canaccord Genuity decreased their target price on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $112.00.
Dycom Industries (DY) traded down $1.14 during mid-day trading on Wednesday, hitting $106.96. 570,100 shares of the company’s stock traded hands, compared to its average volume of 670,009. The stock has a market capitalization of $3,440.00, a P/E ratio of 23.60, a PEG ratio of 2.15 and a beta of 1.37. Dycom Industries has a 52-week low of $73.95 and a 52-week high of $113.30. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.86.
A number of institutional investors have recently modified their holdings of the business. Alps Advisors Inc. boosted its holdings in shares of Dycom Industries by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,126 shares of the construction company’s stock valued at $459,000 after buying an additional 14 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Dycom Industries by 1.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,526 shares of the construction company’s stock valued at $226,000 after buying an additional 44 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of 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 buying an additional 80 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Dycom Industries by 0.3% during the 2nd 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 in the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Dycom Industries by 4.6% during the 2nd quarter. Amalgamated Bank now owns 4,404 shares of the construction company’s stock valued at $394,000 after buying an additional 192 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.
