Todays Report: Today, Dycom Industries’ (DY) “Buy” Rating Reiterate at DA Davidson

Today, Dycom Industries’ (DY) “Buy” Rating Reiterate at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Dycom Industries Inc. (NYSE:DY) in a research note released on Tuesday. They currently have a $105.00 price target on the stock.

“We will update our model and offer additional comments after the conference call with management scheduled for 9:00 AM ET / 6:00 AM PT on Tuesday, November 22nd.”,” the firm’s analyst wrote.

A number of other analysts have also weighed in on the company. Vetr lowered Dycom Industries from a hold rating to a sell rating and set a $90.92 target price on the stock. in a research note on Monday, August 8th. Zacks Investment Research upgraded Dycom Industries from a sell rating to a hold rating in a research note on Friday, November 18th. FBR & Co increased their target price on Dycom Industries from $115.00 to $121.00 and gave the stock an outperform rating in a research note on Thursday, August 25th. Finally, Stifel Nicolaus reiterated a buy rating on shares of Dycom Industries in a research note on Sunday, August 28th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $97.19.

Dycom Industries (NYSE:DY) opened at 77.52 on Tuesday. The company has a 50-day moving average of $82.92 and a 200-day moving average of $84.88. The company has a market cap of $2.44 billion, a PE ratio of 16.99 and a beta of 1.32. Dycom Industries has a 52 week low of $47.10 and a 52 week high of $98.45.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Monday, November 21st. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.02. The company earned $799.20 million during the quarter, compared to the consensus estimate of $801.34 million. Dycom Industries had a return on equity of 29.59% and a net margin of 5.30%. Dycom Industries’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. On average, equities analysts expect that Dycom Industries will post $5.22 EPS for the current year.

Several institutional investors have recently made changes to their positions in DY. Catalyst Capital Advisors LLC bought a new stake in shares of Dycom Industries during the third quarter worth $114,000. Tuttle Tactical Management LLC bought a new stake in shares of Dycom Industries during the second quarter worth $116,000. Financial Architects Inc increased its stake in shares of Dycom Industries by 1,266.3% in the second quarter. Financial Architects Inc now owns 1,339 shares of the company’s stock worth $120,000 after buying an additional 1,241 shares during the last quarter. Societe Generale bought a new stake in shares of Dycom Industries during the second quarter worth $125,000. Finally, LS Investment Advisors LLC increased its stake in shares of Dycom Industries by 74.2% in the third quarter. LS Investment Advisors LLC now owns 2,061 shares of the company’s stock worth $169,000 after buying an additional 878 shares during the last quarter. Hedge funds and other institutional investors own 99.44% of the company’s stock.

Dycom Industries Company Profile

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