Trading Report: Today: Dycom Industries Inc. (DY) Earns “Outperform” Rating from FBR & Co

Today: Dycom Industries Inc. (DY) Earns “Outperform” Rating from FBR & Co

Dycom Industries Inc. (NYSE:DY)‘s stock had its “outperform” rating reissued by research analysts at FBR & Co in a research report issued on Monday. They presently have a $115.00 price target on the stock, down from their previous price target of $121.00. FBR & Co’s target price points to a potential upside of 52.00% from the company’s previous close.

Several other research firms also recently issued reports on DY. Zacks Investment Research upgraded shares of Dycom Industries from a “sell” rating to a “hold” rating in a research note on Thursday. DA Davidson restated a “buy” rating and issued a $105.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 22nd. Wells Fargo & Co. restated a “buy” rating on shares of Dycom Industries in a research note on Wednesday, September 28th. Vetr upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating and set a $110.54 price objective for the company in a research note on Thursday, September 8th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Dycom Industries in a research note on Sunday, August 28th. One research 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. The stock has an average rating of “Buy” and a consensus target price of $97.19.

Dycom Industries (NYSE:DY) opened at 75.66 on Monday. Dycom Industries has a 52 week low of $47.10 and a 52 week high of $98.45. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 16.58 and a beta of 1.32. The company has a 50 day moving average price of $82.61 and a 200 day moving average price of $84.92.

Dycom Industries (NYSE:DY) last posted its earnings results on Monday, November 21st. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.65 by $0.02. The firm had revenue of $799.20 million for the quarter, compared to analyst estimates of $801.34 million. Dycom Industries had a return on equity of 28.63% and a net margin of 5.30%. Dycom Industries’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 earnings per share. Analysts expect that Dycom Industries will post $5.22 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in shares of Dycom Industries during the second quarter worth approximately $18,977,000. 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. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in shares of Dycom Industries during the second quarter worth approximately $2,697,000. 1st Global Advisors Inc. increased its stake in shares of Dycom Industries by 5.0% in the second quarter. 1st Global Advisors Inc. now owns 9,998 shares of the company’s stock worth $897,000 after buying an additional 475 shares during the last quarter. Finally, Concorde Asset Management LLC purchased a new stake in shares of Dycom Industries during the second quarter worth approximately $256,000.

Dycom Industries Company Profile

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