Dycom Industries (NYSE:DY) Price Target Raised to $215.00

Dycom Industries (NYSE:DY) had its price objective upped by Wells Fargo & Company from $200.00 to $215.00 in a research note published on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the construction company’s stock.

DY has been the topic of several other research reports. KeyCorp lifted their price target on shares of Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. B. Riley lifted their price target on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Bank of America lifted their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, StockNews.com lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $205.57.

Dycom Industries Price Performance

NYSE DY opened at $187.52 on Friday. Dycom Industries has a 12 month low of $84.83 and a 12 month high of $207.20. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.44 and a quick ratio of 3.25. The firm has a market capitalization of $5.46 billion, a PE ratio of 23.29, a P/E/G ratio of 1.55 and a beta of 1.44. The company’s 50 day simple moving average is $188.73 and its 200 day simple moving average is $178.01.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $2.03 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, equities research analysts forecast that Dycom Industries will post 7.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Dycom Industries

A number of institutional investors have recently bought and sold shares of DY. Accent Capital Management LLC purchased a new stake in shares of Dycom Industries in the third quarter worth approximately $25,000. Allspring Global Investments Holdings LLC purchased a new position in Dycom Industries during the first quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new position in Dycom Industries in the 3rd quarter valued at approximately $28,000. Annapolis Financial Services LLC purchased a new stake in Dycom Industries in the 3rd quarter worth approximately $29,000. Finally, Anchor Investment Management LLC boosted its stake in shares of Dycom Industries by 50.4% during the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after buying an additional 65 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.