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

Other equities research analysts have also recently issued reports about the stock. B. Riley reissued a “buy” rating on shares of Dycom Industries in a research report on Wednesday, November 1st. DA Davidson boosted their price target on shares of Dycom Industries to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 21st. Zacks Investment Research raised shares of Dycom Industries from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. Stifel Nicolaus reissued a “buy” rating and set a $126.00 price target (up from $120.00) on shares of Dycom Industries in a research report on Monday, December 11th. Finally, Craig Hallum reissued a “buy” rating and set a $114.00 price target (up from $90.00) on shares of Dycom Industries in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. Dycom Industries currently has an average rating of “Buy” and a consensus target price of $115.10.

Shares of Dycom Industries (DY) opened at $111.43 on Friday. The company has a market cap of $3,447.53, a price-to-earnings ratio of 26.28, a P/E/G ratio of 2.21 and a beta of 1.38. Dycom Industries has a 52-week low of $73.95 and a 52-week high of $115.38. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.16 and a quick ratio of 2.86.

Dycom Industries (NYSE:DY) last posted 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. The business had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. The firm’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 EPS. equities analysts predict that Dycom Industries will post 4.11 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Pacad Investment Ltd. increased its stake in shares of Dycom Industries by 71.4% during the 2nd quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock worth $107,000 after purchasing an additional 500 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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, Cedar Capital LLC acquired a new position in shares of Dycom Industries during the 3rd quarter worth about $213,000.

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Dycom Industries Company Profile

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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