Dycom Industries, Inc. (NYSE:DY) Receives Consensus Recommendation of "Buy" from Brokerages

Dycom Industries, Inc. (NYSE:DY - Get Free Report) has earned an average recommendation of "Buy" from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $203.43.

A number of analysts have commented on DY shares. Wells Fargo & Company upped their price target on shares of Dycom Industries from $185.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, July 17th. Bank of America upped their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. KeyCorp upped their price target on shares of Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. StockNews.com lowered shares of Dycom Industries from a "buy" rating to a "hold" rating in a report on Friday, July 26th. Finally, B. Riley upped their price objective on shares of Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a report on Thursday, August 22nd.

Institutional Investors Weigh In On Dycom Industries

A number of institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in shares of Dycom Industries by 33.1% during the 1st quarter. BNP Paribas Financial Markets now owns 32,256 shares of the construction company's stock valued at $4,630,000 after acquiring an additional 8,028 shares during the period. Sheets Smith Wealth Management grew its position in shares of Dycom Industries by 100.0% during the 1st quarter. Sheets Smith Wealth Management now owns 7,028 shares of the construction company's stock valued at $1,009,000 after acquiring an additional 3,514 shares during the period. Vanguard Group Inc. grew its position in shares of Dycom Industries by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 3,183,646 shares of the construction company's stock valued at $366,406,000 after acquiring an additional 42,121 shares during the period. UniSuper Management Pty Ltd bought a new position in shares of Dycom Industries during the 1st quarter valued at approximately $794,000. Finally, ClariVest Asset Management LLC bought a new position in shares of Dycom Industries during the 1st quarter valued at approximately $2,913,000. 98.33% of the stock is owned by institutional investors.

Dycom Industries Trading Down 3.3 %

Shares of Dycom Industries stock traded down $6.73 during trading on Tuesday, hitting $196.09. The company's stock had a trading volume of 236,885 shares, compared to its average volume of 275,102. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.44 and a quick ratio of 3.25. Dycom Industries has a 52 week low of $78.42 and a 52 week high of $207.20. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41. The stock has a 50-day moving average price of $186.76 and a two-hundred day moving average price of $172.22.

Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. Dycom Industries's revenue for the quarter was up 15.5% on a year-over-year basis. Equities research analysts anticipate that Dycom Industries will post 8.02 EPS for the current fiscal year.

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.