Dycom Industries (NYSE:DY) had its price objective boosted by analysts at Stephens from $120.00 to $140.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “overweight” rating on the construction company’s stock. Stephens’ price target indicates a potential upside of 30.89% from the stock’s previous close.

Several other research firms have also recently commented on DY. B. Riley restated a “buy” rating on shares of Dycom Industries in a research note on Wednesday, November 1st. FBR & Co raised their price objective on shares of Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, August 30th. DA Davidson raised their price objective on shares of Dycom Industries to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, November 21st. Zacks Investment Research upgraded shares of Dycom Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $126.00 price objective (up previously from $120.00) on shares of Dycom Industries in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $112.00.

Shares of Dycom Industries (NYSE:DY) traded down $1.14 during midday trading on Wednesday, reaching $106.96. 570,100 shares of the company traded hands, compared to its average volume of 670,009. Dycom Industries has a one year low of $73.95 and a one year high of $113.30. The stock has a market cap of $3,440.00, a PE ratio of 23.60, a PEG ratio of 2.15 and a beta of 1.37. 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 data on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.90 by $0.09. The firm had revenue of $756.20 million for the quarter, compared to analyst estimates of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 EPS. research analysts anticipate that Dycom Industries will post 4.09 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in DY. Great West Life Assurance Co. Can grew its position in shares of Dycom Industries by 36.8% during the second quarter. Great West Life Assurance Co. Can now owns 25,093 shares of the construction company’s stock worth $2,243,000 after acquiring an additional 6,745 shares during the last quarter. Boston Partners bought a new position in Dycom Industries in the 2nd quarter valued at about $2,303,000. First Trust Advisors LP grew its position in Dycom Industries by 6.6% in the 2nd quarter. First Trust Advisors LP now owns 102,333 shares of the construction company’s stock valued at $9,161,000 after buying an additional 6,345 shares in the last quarter. Teacher Retirement System of Texas grew its position in Dycom Industries by 1.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 2,526 shares of the construction company’s stock valued at $226,000 after buying an additional 44 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Dycom Industries by 57.8% in the 2nd quarter. SG Americas Securities LLC now owns 11,489 shares of the construction company’s stock valued at $1,028,000 after buying an additional 4,208 shares in the last quarter.

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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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