Shares of Dycom Industries, Inc. (NYSE:DY) have been assigned an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $115.10.
DY has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. B. Riley restated a “buy” rating on shares of Dycom Industries in a research note on Wednesday, November 1st. Stephens lifted their target price on shares of Dycom Industries from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, November 16th. DA Davidson lifted their target price on shares of Dycom Industries to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, November 21st. Finally, Wells Fargo & Co restated an “outperform” rating and set a $109.00 target price (up previously from $88.00) on shares of Dycom Industries in a research note on Tuesday, November 21st.
Dycom Industries (DY) opened at $115.22 on Tuesday. The firm has a market cap of $3,730.00, a price-to-earnings ratio of 27.24, a PEG ratio of 1.88 and a beta of 1.36. Dycom Industries has a one year low of $73.95 and a one year high of $123.99. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16.
Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.09. The business had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.67 EPS. equities research analysts forecast that Dycom Industries will post 4.09 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Crossmark Global Holdings Inc. increased its holdings in Dycom Industries by 82.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,988 shares of the construction company’s stock valued at $556,000 after acquiring an additional 2,260 shares during the last quarter. Tygh Capital Management Inc. increased its holdings in Dycom Industries by 14.1% in the 4th quarter. Tygh Capital Management Inc. now owns 143,072 shares of the construction company’s stock valued at $15,943,000 after acquiring an additional 17,725 shares during the last quarter. First Mercantile Trust Co. bought a new stake in Dycom Industries in the 4th quarter valued at $286,000. Gamco Investors INC. ET AL increased its holdings in Dycom Industries by 23.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 15,480 shares of the construction company’s stock valued at $1,725,000 after acquiring an additional 2,975 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in Dycom Industries by 150.0% in the 4th quarter. Gabelli Funds LLC now owns 25,000 shares of the construction company’s stock valued at $2,786,000 after acquiring an additional 15,000 shares during the last quarter.
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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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