Dycom Industries, Inc. (NYSE:DY) has been assigned an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $60.29.

Several analysts have issued reports on the company. Canaccord Genuity reissued an “average” rating and issued a $18.00 price target on shares of in a research note on Wednesday, May 22nd. Wells Fargo & Co reissued a “hold” rating and issued a $175.00 price target on shares of Advance Auto Parts in a research note on Wednesday, May 22nd. Deutsche Bank set a $33.00 price target on Urban Outfitters and gave the company a “hold” rating in a research note on Wednesday, May 22nd. ValuEngine downgraded Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. Finally, Zacks Investment Research downgraded Hammerson from a “hold” rating to a “sell” rating in a research note on Friday, May 24th.

DY stock traded down $0.13 during midday trading on Tuesday, hitting $53.12. 224,724 shares of the company’s stock were exchanged, compared to its average volume of 279,644. The stock’s fifty day moving average is $55.60. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.14 and a current ratio of 3.45. The company has a market cap of $1.67 billion, a P/E ratio of 19.11, a PEG ratio of 2.76 and a beta of 1.34. Dycom Industries has a one year low of $41.78 and a one year high of $98.67.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Tuesday, May 21st. The construction company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.10. Dycom Industries had a return on equity of 10.52% and a net margin of 1.86%. The firm had revenue of $883.70 million for the quarter, compared to the consensus estimate of $771.90 million. During the same quarter last year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, analysts predict that Dycom Industries will post 2.57 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Dycom Industries by 11.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,021,937 shares of the construction company’s stock worth $55,223,000 after buying an additional 106,585 shares during the last quarter. American Century Companies Inc. increased its position in Dycom Industries by 13.1% during the fourth quarter. American Century Companies Inc. now owns 517,903 shares of the construction company’s stock worth $27,987,000 after buying an additional 59,833 shares during the last quarter. Fifth Third Bancorp increased its position in Dycom Industries by 28.9% during the first quarter. Fifth Third Bancorp now owns 471,316 shares of the construction company’s stock worth $21,652,000 after buying an additional 105,674 shares during the last quarter. Geode Capital Management LLC increased its position in Dycom Industries by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 334,030 shares of the construction company’s stock worth $18,050,000 after buying an additional 32,220 shares during the last quarter. Finally, Scout Investments Inc. increased its position in Dycom Industries by 20.7% during the second quarter. Scout Investments Inc. now owns 280,916 shares of the construction company’s stock worth $16,538,000 after buying an additional 48,212 shares during the last quarter. 92.33% of the stock is currently owned by institutional investors and hedge funds.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

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Analyst Recommendations for Dycom Industries (NYSE:DY)

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