Dycom Industries (NYSE:DY) Price Target Increased to $169.00 by Analysts at KeyCorp

Dycom Industries (NYSE:DYFree Report) had its price objective increased by KeyCorp from $158.00 to $169.00 in a research report sent to investors on Monday, Benzinga reports. KeyCorp currently has an overweight rating on the construction company’s stock.

Separately, B. Riley raised Dycom Industries from a neutral rating to a buy rating and lifted their price objective for the company from $101.00 to $172.00 in a research note on Friday, March 8th. 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 MarketBeat.com, the company currently has an average rating of Buy and an average target price of $138.83.

Read Our Latest Report on DY

Dycom Industries Trading Up 1.4 %

Shares of Dycom Industries stock opened at $151.82 on Monday. The company’s 50-day moving average price is $140.96 and its 200-day moving average price is $119.45. The company has a current ratio of 3.06, a quick ratio of 2.85 and a debt-to-equity ratio of 0.75. Dycom Industries has a 12-month low of $78.42 and a 12-month high of $153.44. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.97 and a beta of 1.37.

Dycom Industries (NYSE:DYGet Free Report) last posted its earnings results on Wednesday, February 28th. The construction company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.15). Dycom Industries had a return on equity of 22.06% and a net margin of 5.24%. The firm had revenue of $952.50 million during the quarter, compared to analysts’ expectations of $968.87 million. During the same quarter in the prior year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts expect that Dycom Industries will post 7.14 earnings per share for the current fiscal year.

Insider Transactions at Dycom Industries

In other news, VP Jason T. Lawson sold 220 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $140.27, for a total value of $30,859.40. Following the completion of the transaction, the vice president now directly owns 7,793 shares in the company, valued at approximately $1,093,124.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dycom Industries

A number of hedge funds have recently made changes to their positions in DY. CANADA LIFE ASSURANCE Co increased its holdings in shares of Dycom Industries by 7.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 25,582 shares of the construction company’s stock worth $3,672,000 after buying an additional 1,860 shares during the period. UniSuper Management Pty Ltd purchased a new position in Dycom Industries in the 1st quarter worth approximately $794,000. Seven Eight Capital LP bought a new stake in Dycom Industries in the first quarter valued at approximately $570,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Dycom Industries during the first quarter valued at approximately $250,000. Finally, Vanguard Group Inc. grew its holdings in shares of Dycom Industries by 0.4% in the first quarter. Vanguard Group Inc. now owns 3,196,041 shares of the construction company’s stock worth $458,728,000 after purchasing an additional 12,395 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Company Profile

(Get Free Report)

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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