Dycom Industries Inc. (DY) Rating Reiterated by FBR & Co
Dycom Industries Inc. (NYSE:DY)‘s stock had its “outperform” rating restated by analysts at FBR & Co in a note issued to investors on Monday. They presently have a $115.00 price objective on the stock, down from their prior price objective of $121.00. FBR & Co’s price target indicates a potential upside of 52.00% from the stock’s previous close.
Several other research firms also recently commented on DY. Vetr downgraded Dycom Industries from a “hold” rating to a “sell” rating and set a $90.92 target price on the stock. in a research report on Monday, August 8th. Zacks Investment Research raised Dycom Industries from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Thursday, August 25th. Wells Fargo & Co. reissued a “buy” rating on shares of Dycom Industries in a research report on Wednesday, September 28th. Finally, DA Davidson set a $110.00 price target on Dycom Industries and gave the stock a “buy” rating in a research report on Monday, August 22nd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $97.19.
Shares of Dycom Industries (NYSE:DY) opened at 75.66 on Monday. Dycom Industries has a 1-year low of $47.10 and a 1-year high of $98.45. The stock has a 50 day moving average price of $82.61 and a 200 day moving average price of $84.92. The firm has a market capitalization of $2.38 billion, a PE ratio of 16.58 and a beta of 1.32.
Dycom Industries (NYSE:DY) last posted its earnings results on Monday, November 21st. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.65 by $0.02. Dycom Industries had a return on equity of 28.63% and a net margin of 5.30%. The company had revenue of $799.20 million for the quarter, compared to the consensus estimate of $801.34 million. During the same quarter in the prior year, the business earned $1.24 earnings per share. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. Equities research analysts anticipate that Dycom Industries will post $5.22 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its position in shares of Dycom Industries by 0.6% in the third quarter. Advisors Asset Management Inc. now owns 11,769 shares of the company’s stock worth $962,000 after buying an additional 65 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Dycom Industries by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 15,100 shares of the company’s stock valued at $1,355,000 after buying an additional 70 shares in the last quarter. BOKF NA raised its position in shares of Dycom Industries by 1.6% in the second quarter. BOKF NA now owns 5,230 shares of the company’s stock valued at $469,000 after buying an additional 84 shares in the last quarter. Alpine Woods Capital Investors LLC raised its position in shares of Dycom Industries by 0.7% in the third quarter. Alpine Woods Capital Investors LLC now owns 12,207 shares of the company’s stock valued at $998,000 after buying an additional 86 shares in the last quarter. Finally, Geneva Advisors LLC raised its position in shares of Dycom Industries by 1.9% in the third quarter. Geneva Advisors LLC now owns 8,618 shares of the company’s stock valued at $705,000 after buying an additional 159 shares in the last quarter.
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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