Dycom Industries, Inc. (NYSE:DY) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other equities analysts have also issued reports on DY. B. Riley reissued a “buy” rating on shares of Dycom Industries in a research report on Wednesday, November 1st. Wells Fargo & Co reaffirmed an “outperform” rating and set a $109.00 price objective (up previously from $88.00) on shares of Dycom Industries in a research note on Tuesday. Craig Hallum reaffirmed a “buy” rating and set a $114.00 price objective (up previously from $90.00) on shares of Dycom Industries in a research note on Tuesday. DA Davidson raised their price objective on shares of Dycom Industries to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Zacks Investment Research cut shares of Dycom Industries from a “hold” rating to a “sell” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $109.40.

Dycom Industries (NYSE:DY) opened at $102.86 on Wednesday. Dycom Industries has a 1 year low of $70.88 and a 1 year high of $110.64. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.69 and a current ratio of 3.16. The stock has a market cap of $3,141.99, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.90 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.09. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The company had revenue of $756.20 million during the quarter, compared to analyst estimates of $729.35 million. During the same period last year, the firm posted $1.67 EPS. Dycom Industries’s revenue for the quarter was down 5.4% compared to the same quarter last year. equities analysts predict that Dycom Industries will post 4.32 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. grew its stake in Dycom Industries by 71.4% in the 2nd quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock valued at $107,000 after acquiring an additional 500 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Dycom Industries by 6.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock worth $116,000 after purchasing an additional 80 shares during the last quarter. Riverhead Capital Management LLC boosted its stake in Dycom Industries by 96.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock worth $158,000 after purchasing an additional 864 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Dycom Industries by 257.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock worth $192,000 after purchasing an additional 1,546 shares during the last quarter. Finally, Sigma Planning Corp acquired a new stake in Dycom Industries during the 2nd quarter worth $211,000.

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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