Dycom Industries (NYSE:DY – Free Report) had its target price hoisted by KeyCorp from $200.00 to $227.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the construction company’s stock.
Several other analysts have also commented on DY. StockNews.com lowered Dycom Industries from a buy rating to a hold rating in a report on Friday, July 26th. B. Riley upped their price objective on Dycom Industries from $205.00 to $208.00 and gave the stock a buy rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their target price on shares of Dycom Industries from $185.00 to $200.00 and gave the company an overweight rating in a report on Wednesday, July 17th. Finally, Bank of America increased their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a buy rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Dycom Industries presently has a consensus rating of Buy and a consensus target price of $203.43.
Get Our Latest Research Report on DY
Dycom Industries Stock Performance
Dycom Industries (NYSE:DY – Get Free Report) last issued its earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company posted $2.03 earnings per share. The firm’s revenue was up 15.5% compared to the same quarter last year. On average, analysts anticipate that Dycom Industries will post 8.02 EPS for the current year.
Institutional Investors Weigh In On Dycom Industries
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Dycom Industries in the first quarter valued at about $28,000. Anchor Investment Management LLC boosted its holdings in Dycom Industries by 50.4% in the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock worth $33,000 after buying an additional 65 shares during the last quarter. GAMMA Investing LLC increased its stake in Dycom Industries by 107.8% during the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock worth $49,000 after buying an additional 152 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of Dycom Industries by 5,071.4% during the second quarter. SJS Investment Consulting Inc. now owns 362 shares of the construction company’s stock valued at $61,000 after acquiring an additional 355 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Dycom Industries by 196.7% in the second quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock valued at $61,000 after acquiring an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.
Dycom Industries Company Profile
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.
Featured Articles
- Five stocks we like better than Dycom Industries
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- MercadoLibre Targets Double-Digit Upside with Argentina Boom
- Canadian Penny Stocks: Can They Make You Rich?
- Domino’s Pizza Stock Delivers: A Hot Buy for Growth Investors
- The How And Why of Investing in Oil Stocks
- 3 Small-Cap Stocks Ready to Deliver Significant Growth
Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.