FBR & Co restated their outperform rating on shares of Dycom Industries Inc. (NYSE:DY) in a research report sent to investors on Monday. They currently have a $115.00 price target on the stock, down from their prior price target of $121.00.

A number of other research analysts also recently issued reports on DY. Stifel Nicolaus reissued a buy rating on shares of Dycom Industries in a research note on Sunday, August 28th. Vetr raised Dycom Industries from a hold rating to a strong-buy rating and set a $110.54 price objective on the stock in a research note on Thursday, September 8th. Zacks Investment Research raised Dycom Industries from a hold rating to a buy rating and set a $95.00 price objective on the stock in a research note on Thursday, August 25th. DA Davidson reaffirmed a buy rating and set a $105.00 price target on shares of Dycom Industries in a research note on Tuesday, November 22nd. Finally, Wells Fargo & Co. reaffirmed a buy rating on shares of Dycom Industries in a research note on Wednesday, September 28th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $97.19.

Dycom Industries (NYSE:DY) opened at 73.23 on Monday. The company has a market capitalization of $2.30 billion, a P/E ratio of 16.05 and a beta of 1.32. The stock’s 50 day moving average price is $82.00 and its 200 day moving average price is $85.17. Dycom Industries has a 52 week low of $47.10 and a 52 week high of $98.45.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Monday, November 21st. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.02. The company had revenue of $799.20 million for the quarter, compared to the consensus estimate of $801.34 million. Dycom Industries had a return on equity of 28.63% and a net margin of 5.30%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 EPS. Analysts anticipate that Dycom Industries will post $5.22 earnings per share for the current year.

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Several hedge funds have recently modified their holdings of the company. ETRADE Capital Management LLC increased its stake in shares of Dycom Industries by 10.6% in the third quarter. ETRADE Capital Management LLC now owns 10,467 shares of the company’s stock valued at $856,000 after buying an additional 1,001 shares during the period. LPL Financial LLC increased its stake in shares of Dycom Industries by 45.1% in the third quarter. LPL Financial LLC now owns 8,192 shares of the company’s stock valued at $698,000 after buying an additional 2,546 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Dycom Industries by 58.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 10,821 shares of the company’s stock valued at $884,000 after buying an additional 4,000 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Dycom Industries by 412.3% in the third quarter. Ameritas Investment Partners Inc. now owns 12,203 shares of the company’s stock valued at $998,000 after buying an additional 9,821 shares during the period. Finally, Verition Fund Management LLC increased its stake in shares of Dycom Industries by 102.7% in the third quarter. Verition Fund Management LLC now owns 9,738 shares of the company’s stock valued at $796,000 after buying an additional 4,933 shares during the period.

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.

5 Day Chart for NYSE:DY

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