Dycom Industries, Inc. (NYSE:DY) Receives Consensus Recommendation of “Buy” from Brokerages

Dycom Industries, Inc. (NYSE:DYGet Rating) has received a consensus recommendation of “Buy” from the nine analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $112.14.

Several research analysts recently weighed in on the company. B. Riley dropped their target price on Dycom Industries from $120.00 to $115.00 in a research note on Thursday, March 3rd. StockNews.com assumed coverage on Dycom Industries in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Wells Fargo & Company boosted their target price on Dycom Industries from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, March 3rd. UBS Group assumed coverage on Dycom Industries in a research note on Thursday, January 27th. They set a “buy” rating and a $125.00 target price on the stock. Finally, TheStreet downgraded Dycom Industries from a “b-” rating to a “c+” rating in a research note on Wednesday, March 2nd.

DY opened at $83.32 on Friday. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 52.40 and a beta of 1.53. The company has a current ratio of 3.55, a quick ratio of 3.34 and a debt-to-equity ratio of 1.09. Dycom Industries has a 12 month low of $62.88 and a 12 month high of $105.28. The stock has a fifty day moving average price of $92.67 and a 200-day moving average price of $90.12.

Dycom Industries (NYSE:DYGet Rating) last released its quarterly earnings results on Wednesday, March 2nd. The construction company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.09. The firm had revenue of $761.40 million during the quarter, compared to analyst estimates of $723.83 million. Dycom Industries had a return on equity of 5.94% and a net margin of 1.55%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. On average, equities research analysts forecast that Dycom Industries will post 2.99 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Counterpoint Mutual Funds LLC acquired a new position in shares of Dycom Industries in the 4th quarter valued at about $26,000. UMB Bank N A MO acquired a new position in shares of Dycom Industries in the 4th quarter valued at about $39,000. Strs Ohio acquired a new position in shares of Dycom Industries in the 1st quarter valued at about $57,000. Convergence Investment Partners LLC acquired a new position in shares of Dycom Industries in the 1st quarter valued at about $151,000. Finally, American Trust acquired a new position in shares of Dycom Industries in the 4th quarter valued at about $208,000. Institutional investors and hedge funds own 92.89% of the company’s stock.

About Dycom Industries (Get Rating)

Dycom Industries, Inc provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems; and construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

Further Reading

Analyst Recommendations for Dycom Industries (NYSE:DY)

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.