Dycom Industries, Inc. (NYSE:DY) has received an average recommendation of “Buy” from the thirteen research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $115.10.
A number of analysts have recently weighed in on DY shares. Deutsche Bank assumed coverage on shares of Dycom Industries in a report on Tuesday, September 26th. They set a “buy” rating and a $103.00 target price for the company. Zacks Investment Research raised shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. B. Riley reissued a “buy” rating on shares of Dycom Industries in a research note on Wednesday, November 1st. Stephens increased their price target on shares of Dycom Industries from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, November 16th. Finally, DA Davidson increased their price target on shares of Dycom Industries to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 21st.
A number of hedge funds have recently added to or reduced their stakes in DY. Aurora Investment Counsel bought a new position in shares of Dycom Industries during the fourth quarter valued at approximately $1,718,000. Moors & Cabot Inc. bought a new position in shares of Dycom Industries during the third quarter valued at approximately $249,000. Sterling Capital Management LLC increased its stake in shares of Dycom Industries by 15.8% during the third quarter. Sterling Capital Management LLC now owns 30,388 shares of the construction company’s stock valued at $2,610,000 after purchasing an additional 4,148 shares in the last quarter. Vident Investment Advisory LLC bought a new position in shares of Dycom Industries during the third quarter valued at approximately $2,426,000. Finally, First Allied Advisory Services Inc. increased its stake in shares of Dycom Industries by 8.1% during the third quarter. First Allied Advisory Services Inc. now owns 8,841 shares of the construction company’s stock valued at $759,000 after purchasing an additional 666 shares in the last quarter.
Dycom Industries (NYSE:DY) last posted its earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.09. The company had revenue of $756.20 million during the quarter, compared to analyst estimates of $729.35 million. Dycom Industries had a net margin of 4.46% and a return on equity of 22.49%. Dycom Industries’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 earnings per share. research analysts predict that Dycom Industries will post 4.09 EPS for the current year.
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Dycom Industries Company Profile
Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.
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