Stifel Nicolaus Reiterates “Buy” Rating for Dycom Industries (DY)
Dycom Industries (NYSE:DY)‘s stock had its “buy” rating reissued by analysts at Stifel Nicolaus in a note issued to investors on Monday. They presently have a $126.00 price objective on the construction company’s stock, up from their prior price objective of $120.00. Stifel Nicolaus’ target price would indicate a potential upside of 14.36% from the stock’s current price.
DY has been the topic of a number of other research reports. Zacks Investment Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Canaccord Genuity lowered their target price on Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. BidaskClub downgraded Dycom Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Stephens upped their target price on Dycom Industries from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, November 16th. Finally, B. Riley restated a “buy” rating and issued a $119.00 target price (up previously from $98.00) on shares of Dycom Industries in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $110.00.
Shares of Dycom Industries (DY) opened at $110.18 on Monday. Dycom Industries has a one year low of $73.95 and a one year high of $113.30. The company has a quick ratio of 2.86, a current ratio of 3.16 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $3,408.53, a PE ratio of 24.06, a PEG ratio of 2.19 and a beta of 1.38.
Dycom Industries (NYSE:DY) last issued its earnings results on Monday, November 20th. The construction company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $729.35 million. During the same quarter in the prior year, the business earned $1.67 earnings per share. The company’s revenue was down 5.4% compared to the same quarter last year. research analysts expect that Dycom Industries will post 4.09 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. raised its holdings in shares of Dycom Industries by 71.4% during the second 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 last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Dycom Industries by 6.6% during the second quarter. Public Employees Retirement System of Ohio now owns 1,298 shares of the construction company’s stock valued at $116,000 after acquiring an additional 80 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Dycom Industries by 96.0% during the second quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock valued at $158,000 after acquiring an additional 864 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Dycom Industries by 257.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock valued at $192,000 after acquiring an additional 1,546 shares during the last quarter. Finally, Sigma Planning Corp acquired a new position in shares of Dycom Industries during the second quarter valued at approximately $211,000.
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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.
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