B. Riley reiterated their buy rating on shares of Dycom Industries, Inc. (NYSE:DY) in a report published on Friday morning, Marketbeat Ratings reports. They currently have a $119.00 target price on the construction company’s stock, up from their prior target price of $98.00.

A number of other analysts also recently weighed in on the company. Stephens lifted their price target on Dycom Industries from $105.00 to $120.00 and gave the company an overweight rating in a research note on Thursday, November 16th. Zacks Investment Research upgraded Dycom Industries from a strong sell rating to a hold rating in a research report on Tuesday, October 31st. Deutsche Bank AG began coverage on Dycom Industries in a research report on Tuesday, September 26th. They set a buy rating and a $103.00 target price on the stock. Canaccord Genuity decreased their target price on Dycom Industries from $120.00 to $110.00 and set a buy rating on the stock in a research report on Thursday, August 31st. Finally, Craig Hallum reiterated a buy rating and set a $90.00 target price (down from $115.00) on shares of Dycom Industries in a research report on Thursday, August 31st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Dycom Industries has an average rating of Buy and a consensus target price of $106.44.

Shares of Dycom Industries (DY) opened at $98.22 on Friday. The company has a quick ratio of 2.69, a current ratio of 2.95 and a debt-to-equity ratio of 1.10. Dycom Industries has a 12 month low of $70.33 and a 12 month high of $110.64. The firm has a market capitalization of $2,800.00, a P/E ratio of 17.12, a P/E/G ratio of 1.68 and a beta of 1.27.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.09. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. The firm had revenue of $756.20 million for the quarter, compared to the consensus estimate of $729.35 million. During the same period in the previous year, the business earned $1.67 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. research analysts anticipate that Dycom Industries will post 4.35 EPS for the current year.

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Several large investors have recently modified their holdings of DY. Capstone Asset Management Co. lifted its position in shares of Dycom Industries by 3.8% in the second quarter. Capstone Asset Management Co. now owns 2,448 shares of the construction company’s stock valued at $219,000 after acquiring an additional 90 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Dycom Industries by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,460 shares of the construction company’s stock valued at $1,026,000 after acquiring an additional 496 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Dycom Industries by 16.0% in the second quarter. LS Investment Advisors LLC now owns 2,439 shares of the construction company’s stock valued at $218,000 after acquiring an additional 337 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Dycom Industries by 2.4% in the second quarter. Nisa Investment Advisors LLC now owns 4,230 shares of the construction company’s stock valued at $379,000 after acquiring an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Dycom Industries by 2.5% in the second quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the construction company’s stock valued at $725,000 after acquiring an additional 200 shares in the last quarter.

About Dycom Industries

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.

Analyst Recommendations for Dycom Industries (NYSE:DY)

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