Dycom Industries Inc. (NYSE:DY) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of $0.61-0.73 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.72. The company issued revenue guidance of $640-670 million, compared to the consensus revenue estimate of $665.27 million.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Dycom Industries from a sell rating to a hold rating in a research report on Friday. FBR & Co restated an outperform rating and set a $121.00 price target on shares of Dycom Industries in a research report on Tuesday, November 1st. Wells Fargo & Co. restated a buy rating on shares of Dycom Industries in a research report on Wednesday, September 28th. Vetr upgraded shares of Dycom Industries from a hold rating to a strong-buy rating and set a $110.54 price target on the stock in a research report on Thursday, September 8th. Finally, Stifel Nicolaus restated a buy rating on shares of Dycom Industries in a research report on Sunday, August 28th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $98.57.

Earnings History and Estimates for Dycom Industries (NYSE:DY)

Dycom Industries Inc. (NYSE:DY) traded up 1.24% during trading on Monday, hitting $92.95. 1,002,963 shares of the stock traded hands. Dycom Industries Inc. has a 52-week low of $47.10 and a 52-week high of $98.45. The stock has a market cap of $2.92 billion, a P/E ratio of 23.89 and a beta of 1.32. The company’s 50 day moving average price is $82.79 and its 200-day moving average price is $84.43.

A number of institutional investors have recently made changes to their positions in DY. Raymond James & Associates bought a new position in Dycom Industries during the second quarter worth $898,000. 12th Street Asset Management Company LLC boosted its position in Dycom Industries by 12.2% in the second quarter. 12th Street Asset Management Company LLC now owns 364,573 shares of the company’s stock worth $32,724,000 after buying an additional 39,597 shares during the period. Baird Financial Group Inc. boosted its position in Dycom Industries by 43.1% in the second quarter. Baird Financial Group Inc. now owns 11,277 shares of the company’s stock worth $1,012,000 after buying an additional 3,399 shares during the period. United Services Automobile Association boosted its position in Dycom Industries by 69.3% in the second quarter. United Services Automobile Association now owns 8,820 shares of the company’s stock worth $792,000 after buying an additional 3,610 shares during the period. Finally, Credit Suisse AG boosted its position in Dycom Industries by 42.8% in the second quarter. Credit Suisse AG now owns 70,687 shares of the company’s stock worth $6,345,000 after buying an additional 21,190 shares during the period. 99.44% of the stock is currently owned by institutional investors.

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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