Stifel Nicolaus Increases Dycom Industries (NYSE:DY) Price Target to $52.50

Dycom Industries (NYSE:DY) had its target price boosted by stock analysts at Stifel Nicolaus from $49.00 to $52.50 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 32.51% from the company’s previous close.

DY has been the topic of a number of other research reports. Vertical Group began coverage on Dycom Industries in a research report on Thursday, March 19th. They issued a “buy” rating on the stock. Stephens dropped their target price on Dycom Industries from $50.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. Zacks Investment Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Monday, February 3rd. DA Davidson upped their target price on Dycom Industries from $38.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, B. Riley upped their target price on Dycom Industries from $31.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $44.64.

Shares of DY stock traded up $0.85 during trading hours on Thursday, reaching $39.62. 506,285 shares of the company’s stock were exchanged, compared to its average volume of 692,859. Dycom Industries has a 1 year low of $12.24 and a 1 year high of $60.55. The stock has a market cap of $1.22 billion, a PE ratio of 121.16 and a beta of 1.41. The company has a current ratio of 4.51, a quick ratio of 3.59 and a debt-to-equity ratio of 1.69. The stock’s fifty day moving average price is $29.33 and its two-hundred day moving average price is $38.29.

Dycom Industries (NYSE:DY) last issued its earnings results on Tuesday, May 19th. The construction company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.42. The firm had revenue of $814.30 million for the quarter, compared to analyst estimates of $747.03 million. Dycom Industries had a return on equity of 7.78% and a net margin of 0.32%. Dycom Industries’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. On average, equities analysts expect that Dycom Industries will post 1.68 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its position in Dycom Industries by 211.0% in the 1st quarter. Parallel Advisors LLC now owns 1,073 shares of the construction company’s stock worth $27,000 after purchasing an additional 728 shares in the last quarter. CWM LLC purchased a new stake in Dycom Industries in the 4th quarter worth approximately $31,000. Ancora Advisors LLC purchased a new stake in Dycom Industries in the 4th quarter worth approximately $31,000. First Bank & Trust boosted its position in Dycom Industries by 383.1% in the 1st quarter. First Bank & Trust now owns 1,546 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,226 shares in the last quarter. Finally, FDx Advisors Inc. raised its stake in shares of Dycom Industries by 167.6% during the 1st quarter. FDx Advisors Inc. now owns 16,709 shares of the construction company’s stock worth $96,000 after buying an additional 10,465 shares during the period. Institutional investors and hedge funds own 91.14% of the company’s stock.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

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Analyst Recommendations for Dycom Industries (NYSE:DY)

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