Dycom Industries, Inc. (NYSE:DY)‘s stock had its “buy” rating reiterated by investment analysts at B. Riley in a report released on Friday. They currently have a $119.00 target price on the construction company’s stock, up from their prior target price of $98.00. B. Riley’s price objective suggests a potential upside of 32.16% from the stock’s previous close.
Several other research firms have also issued reports on DY. BidaskClub lowered Dycom Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Deutsche Bank AG initiated coverage on Dycom Industries in a research note on Tuesday, September 26th. They issued a “buy” rating and a $103.00 price objective for the company. Craig Hallum reaffirmed a “buy” rating and issued a $90.00 price objective (down from $115.00) on shares of Dycom Industries in a research note on Thursday, August 31st. They noted that the move was a valuation call. Canaccord Genuity lowered their price objective on Dycom Industries from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, August 31st. Finally, KeyCorp raised Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 price objective for the company in a research note on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $104.11.
Dycom Industries (NYSE DY) traded up $2.14 during midday trading on Friday, reaching $90.04. The company’s stock had a trading volume of 568,900 shares, compared to its average volume of 662,950. The stock has a market cap of $2,800.00, a PE ratio of 17.12, a PEG ratio of 1.68 and a beta of 1.27. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.95 and a quick ratio of 2.69. Dycom Industries has a fifty-two week low of $70.33 and a fifty-two week high of $110.64.
Dycom Industries (NYSE:DY) last released its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.09. The business had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $729.35 million. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. equities analysts predict that Dycom Industries will post 4.35 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the stock. Pacad Investment Ltd. lifted its stake in shares of Dycom Industries by 71.4% during the 2nd quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock worth $107,000 after acquiring an additional 500 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake 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 worth $116,000 after acquiring an additional 80 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Dycom Industries by 96.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock worth $158,000 after acquiring an additional 864 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of 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 worth $192,000 after acquiring an additional 1,546 shares during the last quarter. Finally, Sigma Planning Corp bought a new stake in shares of Dycom Industries during the 2nd quarter worth approximately $211,000.
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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