Dycom Industries (NYSE:DY) PT Raised to $200.00

Dycom Industries (NYSE:DY) had its price objective raised by UBS Group from $175.00 to $200.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

DY has been the topic of several other reports. KeyCorp increased their price target on shares of Dycom Industries from $169.00 to $179.00 and gave the company an overweight rating in a research note on Thursday. Wells Fargo & Company increased their price objective on Dycom Industries from $165.00 to $175.00 and gave the company an overweight rating in a research report on Monday, May 20th. Raymond James boosted their target price on Dycom Industries from $143.00 to $195.00 and gave the stock a strong-buy rating in a research report on Thursday. Finally, B. Riley upgraded Dycom Industries from a neutral rating to a buy rating and raised their price target for the company from $101.00 to $172.00 in a report on Friday, March 8th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $175.86.

Dycom Industries Trading Up 1.4 %

Shares of DY opened at $179.73 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.85 and a current ratio of 3.17. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.32 and a beta of 1.37. The stock has a fifty day moving average price of $144.46 and a two-hundred day moving average price of $123.63. Dycom Industries has a 52-week low of $78.42 and a 52-week high of $181.60.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, May 22nd. The construction company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.73. Dycom Industries had a return on equity of 22.15% and a net margin of 5.38%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the business posted $1.73 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts predict that Dycom Industries will post 7.14 EPS for the current fiscal year.

Insider Buying and Selling at Dycom Industries

In other news, VP Jason T. Lawson sold 220 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $140.27, for a total transaction of $30,859.40. Following the completion of the transaction, the vice president now directly owns 7,793 shares in the company, valued at approximately $1,093,124.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.28% of the company’s stock.

Hedge Funds Weigh In On Dycom Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Burney Co. acquired a new stake in Dycom Industries during the 1st quarter worth $415,000. Tidal Investments LLC increased its holdings in shares of Dycom Industries by 202.6% in the first quarter. Tidal Investments LLC now owns 10,835 shares of the construction company’s stock worth $1,555,000 after acquiring an additional 7,254 shares in the last quarter. Interval Partners LP acquired a new stake in shares of Dycom Industries during the first quarter worth about $5,247,000. Janus Henderson Group PLC lifted its holdings in shares of Dycom Industries by 168.5% during the 1st quarter. Janus Henderson Group PLC now owns 36,835 shares of the construction company’s stock valued at $5,287,000 after purchasing an additional 23,117 shares in the last quarter. Finally, Appian Way Asset Management LP grew its position in shares of Dycom Industries by 84.2% in the 1st quarter. Appian Way Asset Management LP now owns 197,364 shares of the construction company’s stock valued at $28,328,000 after purchasing an additional 90,198 shares during the period. 98.33% of the stock is owned by institutional investors.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.