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