Dycom Industries, Inc. (NYSE:DY) Receives $206.38 Consensus PT from Analysts

Dycom Industries, Inc. (NYSE:DY) has been assigned a consensus rating of “Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $206.38.

DY has been the topic of several analyst reports. Wells Fargo & Company raised their target price on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 15th. KeyCorp raised their target price on shares of Dycom Industries from $227.00 to $229.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, DA Davidson reaffirmed a “buy” rating and set a $210.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 19th.

Dycom Industries Stock Down 1.8 %

Shares of NYSE:DY opened at $185.84 on Thursday. The firm has a market capitalization of $5.42 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. Dycom Industries has a 1 year low of $112.15 and a 1 year high of $207.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93. The firm’s 50-day moving average is $181.94 and its two-hundred day moving average is $183.71.

Insider Activity

In other Dycom Industries news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $175.08, for a total value of $507,732.00. Following the transaction, the director now owns 14,533 shares of the company’s stock, valued at $2,544,437.64. This trade represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jennifer M. Fritzsche sold 430 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total value of $74,437.30. Following the completion of the sale, the director now owns 8,873 shares in the company, valued at $1,536,005.03. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.28% of the company’s stock.

Institutional Trading of Dycom Industries

Institutional investors have recently modified their holdings of the company. Accent Capital Management LLC purchased a new position in shares of Dycom Industries during the 3rd quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new position in Dycom Industries in the third quarter valued at about $28,000. Annapolis Financial Services LLC acquired a new position in Dycom Industries in the 3rd quarter worth about $29,000. Anchor Investment Management LLC raised its stake in shares of Dycom Industries by 50.4% during the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of Dycom Industries during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

About Dycom Industries

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.