Dycom Industries, Inc. (NYSE:DY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $255.63 and last traded at $254.08, with a volume of 20083 shares changing hands. The stock had previously closed at $252.40.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on DY shares. JPMorgan Chase & Co. upped their target price on Dycom Industries from $200.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Wells Fargo & Company upped their target price on Dycom Industries from $215.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. KeyCorp upped their target price on Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday. DA Davidson upped their target price on Dycom Industries from $220.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Raymond James Financial upped their target price on Dycom Industries from $215.00 to $255.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 22nd. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $259.00.
View Our Latest Research Report on Dycom Industries
Dycom Industries Price Performance
The firm has a 50-day simple moving average of $230.17 and a two-hundred day simple moving average of $189.83. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 1.43 and a beta of 1.32. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.80.
Dycom Industries (NYSE:DY - Get Free Report) last posted its earnings results on Wednesday, May 21st. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.47. Dycom Industries had a net margin of 4.81% and a return on equity of 20.04%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the company posted $2.12 EPS. The company's revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Dycom Industries
Several hedge funds have recently modified their holdings of DY. Versant Capital Management Inc purchased a new stake in shares of Dycom Industries during the 1st quarter worth about $28,000. AlphaQuest LLC purchased a new stake in shares of Dycom Industries during the 1st quarter worth about $37,000. EverSource Wealth Advisors LLC boosted its stake in shares of Dycom Industries by 26.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 341 shares of the construction company's stock worth $59,000 after acquiring an additional 71 shares in the last quarter. GeoWealth Management LLC boosted its stake in shares of Dycom Industries by 35.9% during the 4th quarter. GeoWealth Management LLC now owns 348 shares of the construction company's stock worth $61,000 after acquiring an additional 92 shares in the last quarter. Finally, Anchor Investment Management LLC boosted its stake in shares of Dycom Industries by 37.5% during the 4th quarter. Anchor Investment Management LLC now owns 367 shares of the construction company's stock worth $64,000 after acquiring an additional 100 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.
Dycom Industries Company Profile
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Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.
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