Trading Report: Today: Dycom Industries Inc. (DY) Rating Reiterate by FBR & Co

Today: Dycom Industries Inc. (DY) Rating Reiterate by FBR & Co

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

DY has been the subject of several other reports. DA Davidson reiterated a “buy” rating and issued a $105.00 target price on shares of Dycom Industries in a research report on Tuesday, November 22nd. Zacks Investment Research upgraded shares of Dycom Industries from a “sell” rating to a “hold” rating in a research report on Friday, November 18th. Stifel Nicolaus reiterated a “buy” rating on shares of Dycom Industries in a research report on Sunday, August 28th. Vetr upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $98.88 target price for the company in a research report on Tuesday, August 23rd. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Dycom Industries in a research note on Wednesday, September 28th. One equities 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’s stock. Dycom Industries has an average rating of “Buy” and an average price target of $97.19.

Shares of Dycom Industries (NYSE:DY) opened at 75.66 on Monday. The firm’s 50-day moving average price is $82.61 and its 200-day moving average price is $84.92. The firm has a market capitalization of $2.38 billion, a P/E ratio of 16.58 and a beta of 1.32. Dycom Industries has a one year low of $47.10 and a one year high of $98.45.

Dycom Industries (NYSE:DY) last announced its earnings results on Monday, November 21st. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.02. Dycom Industries had a net margin of 5.30% and a return on equity of 28.63%. The company earned $799.20 million during the quarter, compared to analyst estimates of $801.34 million. During the same period in the previous year, the business earned $1.24 earnings per share. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities analysts forecast that Dycom Industries will post $5.22 earnings per share for the current year.

Several institutional investors have recently modified their holdings of DY. Geode Capital Management LLC increased its position in shares of Dycom Industries by 4.4% in the first quarter. Geode Capital Management LLC now owns 210,347 shares of the company’s stock valued at $13,602,000 after buying an additional 8,953 shares during the period. Boothbay Fund Management LLC increased its position in shares of Dycom Industries by 57.6% in the first quarter. Boothbay Fund Management LLC now owns 7,588 shares of the company’s stock valued at $491,000 after buying an additional 2,772 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Dycom Industries by 98.8% in the second quarter. BNP Paribas Arbitrage SA now owns 10,372 shares of the company’s stock valued at $931,000 after buying an additional 5,155 shares during the period. Beacon Financial Group increased its position in shares of Dycom Industries by 35.0% in the second quarter. Beacon Financial Group now owns 6,895 shares of the company’s stock valued at $615,000 after buying an additional 1,788 shares during the period. Finally, Capstone Asset Management Co. increased its position in shares of Dycom Industries by 6.9% in the second quarter. Capstone Asset Management Co. now owns 12,070 shares of the company’s stock valued at $1,083,000 after buying an additional 780 shares during the period.

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