Dycom Industries (NYSE:DY)‘s stock had its “buy” rating reiterated by analysts at Craig Hallum in a report issued on Tuesday, The Fly reports. They presently have a $129.00 price objective on the construction company’s stock, up from their previous price objective of $114.00. Craig Hallum’s price target would indicate a potential upside of 14.20% from the company’s current price.

Several other analysts have also commented on DY. B. Riley reiterated a “buy” rating on shares of Dycom Industries in a report on Wednesday, November 1st. Canaccord Genuity reiterated a “buy” rating and set a $125.00 price objective (up previously from $110.00) on shares of Dycom Industries in a report on Tuesday. KeyCorp increased their price objective on Dycom Industries from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Wells Fargo & Co reiterated an “outperform” rating and set a $109.00 price objective (up previously from $88.00) on shares of Dycom Industries in a report on Tuesday, November 21st. Finally, ValuEngine upgraded Dycom Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. Dycom Industries currently has an average rating of “Buy” and an average target price of $119.90.

Shares of Dycom Industries (DY) opened at $112.96 on Tuesday. Dycom Industries has a twelve month low of $73.95 and a twelve month high of $123.99. The company has a current ratio of 3.16, a quick ratio of 2.86 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $3,368.61, a price-to-earnings ratio of 26.64, a PEG ratio of 1.56 and a beta of 1.36.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.90 by $0.09. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The firm had revenue of $756.20 million during the quarter, compared to analyst estimates of $729.35 million. During the same quarter in the prior year, the business posted $1.67 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. sell-side analysts expect that Dycom Industries will post 4.09 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its position in Dycom Industries by 83.5% during the 4th quarter. LPL Financial LLC now owns 9,524 shares of the construction company’s stock worth $1,061,000 after purchasing an additional 4,335 shares during the period. Millennium Management LLC acquired a new stake in Dycom Industries during the 4th quarter worth about $798,000. Flinton Capital Management LLC grew its position in Dycom Industries by 17.9% during the 4th quarter. Flinton Capital Management LLC now owns 3,696 shares of the construction company’s stock worth $412,000 after purchasing an additional 560 shares during the period. 1492 Capital Management LLC grew its position in Dycom Industries by 229.1% during the 4th quarter. 1492 Capital Management LLC now owns 23,339 shares of the construction company’s stock worth $2,601,000 after purchasing an additional 16,247 shares during the period. Finally, Raymond James & Associates grew its position in Dycom Industries by 887.5% during the 4th quarter. Raymond James & Associates now owns 42,878 shares of the construction company’s stock worth $4,778,000 after purchasing an additional 38,536 shares during the period.

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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.

The Fly

Analyst Recommendations for Dycom Industries (NYSE:DY)

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