Dycom Industries (NYSE:DY) Price Target Raised to $229.00

Dycom Industries (NYSE:DY) had its target price upped by KeyCorp from $227.00 to $229.00 in a report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Several other research analysts have also weighed in on DY. DA Davidson restated a “buy” rating and set a $210.00 target price on shares of Dycom Industries in a research report on Tuesday, November 19th. Wells Fargo & Company upped their price target on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $206.38.

Dycom Industries Price Performance

Dycom Industries stock opened at $176.54 on Wednesday. The company has a market cap of $5.15 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 1.45 and a beta of 1.43. Dycom Industries has a one year low of $109.87 and a one year high of $207.20. The business has a fifty day moving average of $181.40 and a two-hundred day moving average of $181.84. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12.

Insider Activity at Dycom Industries

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

Institutional Investors Weigh In On Dycom Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in DY. Accent Capital Management LLC acquired a new stake in Dycom Industries in the 3rd quarter worth about $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Dycom Industries in the third quarter worth approximately $28,000. Annapolis Financial Services LLC purchased a new stake in Dycom Industries in the third quarter valued at approximately $29,000. Anchor Investment Management LLC increased its position in Dycom Industries by 50.4% during the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Finally, SOA Wealth Advisors LLC. purchased a new position in Dycom Industries during the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Company Profile

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.