Dycom Industries (NYSE:DY) had its price objective trimmed by KeyCorp from $123.00 to $112.00 in a research note published on Wednesday morning, Marketbeat.com reports. The firm currently has an overweight rating on the construction company’s stock. KeyCorp also issued estimates for Dycom Industries’ Q2 2019 earnings at $1.17 EPS, Q3 2019 earnings at $1.74 EPS, Q4 2019 earnings at $0.93 EPS, FY2019 earnings at $4.50 EPS and FY2020 earnings at $6.20 EPS.
Other equities research analysts also recently issued reports about the company. Craig Hallum restated a buy rating and set a $129.00 price objective (up from $114.00) on shares of Dycom Industries in a research report on Tuesday, February 13th. B. Riley decreased their price objective on Dycom Industries from $135.00 to $132.00 and set a buy rating on the stock in a research report on Tuesday, February 13th. Canaccord Genuity reiterated a buy rating and issued a $125.00 price target (up from $110.00) on shares of Dycom Industries in a report on Tuesday, February 13th. Zacks Investment Research upgraded Dycom Industries from a hold rating to a buy rating and set a $116.00 price target on the stock in a report on Tuesday, May 1st. Finally, Wells Fargo & Co increased their price target on Dycom Industries from $108.50 to $125.00 and gave the stock an outperform rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $115.45.
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Shares of DY stock opened at $93.39 on Wednesday. Dycom Industries has a 1 year low of $73.95 and a 1 year high of $123.99. The company has a current ratio of 3.39, a quick ratio of 2.86 and a debt-to-equity ratio of 0.98. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 1.60 and a beta of 1.48.
Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Tuesday, May 22nd. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). Dycom Industries had a net margin of 4.44% and a return on equity of 14.59%. The company had revenue of $731.40 million for the quarter, compared to analysts’ expectations of $734.89 million. During the same quarter last year, the company earned $1.30 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. equities research analysts anticipate that Dycom Industries will post 4.57 earnings per share for the current fiscal year.
In other news, Director Patricia Higgins sold 2,604 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $109.08, for a total value of $284,044.32. Following the sale, the director now directly owns 30,246 shares in the company, valued at $3,299,233.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 5.39% of the company’s stock.
Large investors have recently made changes to their positions in the stock. First Personal Financial Services grew its stake in Dycom Industries by 214.3% in the fourth quarter. First Personal Financial Services now owns 1,075 shares of the construction company’s stock worth $120,000 after purchasing an additional 733 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Dycom Industries in the first quarter worth approximately $114,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Dycom Industries by 55.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,529 shares of the construction company’s stock worth $170,000 after purchasing an additional 545 shares in the last quarter. Howe & Rusling Inc. grew its stake in Dycom Industries by 3,671.1% in the fourth quarter. Howe & Rusling Inc. now owns 1,697 shares of the construction company’s stock worth $189,000 after purchasing an additional 1,652 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in Dycom Industries in the fourth quarter worth approximately $214,000.
Dycom Industries Company Profile
Dycom Industries, Inc provides specialty contracting services in the United States and Canada. 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.