Dycom Industries, Inc. (NYSE:DY) Given Consensus Recommendation of "Buy" by Analysts

Shares of Dycom Industries, Inc. (NYSE:DY - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight research firms that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $206.13.

DY has been the topic of a number of research reports. DA Davidson restated a "buy" rating and issued a $210.00 price objective on shares of Dycom Industries in a report on Tuesday, November 19th. Wells Fargo & Company raised their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Finally, KeyCorp boosted their price objective on shares of Dycom Industries from $200.00 to $227.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th.

Dycom Industries Trading Up 2.3 %

Shares of DY traded up $4.14 during trading hours on Friday, hitting $180.84. The stock had a trading volume of 265,000 shares, compared to its average volume of 299,800. Dycom Industries has a 12-month low of $107.53 and a 12-month high of $207.20. The firm has a market cap of $5.28 billion, a P/E ratio of 23.79, a P/E/G ratio of 1.45 and a beta of 1.43. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. The company's fifty day simple moving average is $181.34 and its 200 day simple moving average is $181.61.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Jennifer M. Fritzsche sold 430 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total transaction of $74,437.30. Following the completion of the sale, the director now owns 8,873 shares in the company, valued at $1,536,005.03. This trade represents a 4.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.28% of the company's stock.

Hedge Funds Weigh In On Dycom Industries

Institutional investors have recently made changes to their positions in the business. Accent Capital Management LLC bought a new position in shares of Dycom Industries during the third quarter worth about $25,000. Legacy Investment Solutions LLC bought a new position in Dycom Industries during the 3rd quarter worth approximately $28,000. Annapolis Financial Services LLC bought a new position in Dycom Industries during the 3rd quarter worth approximately $29,000. Anchor Investment Management LLC grew its position in shares of Dycom Industries by 50.4% in the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company's stock worth $33,000 after acquiring an additional 65 shares in the last quarter. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of Dycom Industries in the 3rd quarter valued at approximately $39,000. 98.33% of the stock is 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.