Dycom Industries, Inc. (NYSE:DY) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Dycom Industries, Inc. (NYSE:DY) have received a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $206.13.

Several equities research analysts have recently weighed in on DY shares. Wells Fargo & Company increased their price target on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. DA Davidson restated a “buy” rating and set a $210.00 price target on shares of Dycom Industries in a report on Tuesday, November 19th. Finally, KeyCorp upped their price objective on shares of Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th.

Insider Activity at Dycom Industries

In related news, Director Jennifer M. Fritzsche sold 430 shares of Dycom Industries stock in a transaction that occurred on Wednesday, December 18th. The stock was 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 $1,536,005.03. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.28% of the stock is currently owned by insiders.

Institutional Trading of Dycom Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. Accent Capital Management LLC purchased a new stake in Dycom Industries in the 3rd quarter valued at about $25,000. Annapolis Financial Services LLC purchased a new stake in shares of Dycom Industries during the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new stake in Dycom Industries during the third quarter worth $28,000. Anchor Investment Management LLC lifted its holdings 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 acquiring an additional 65 shares during the period. Finally, SOA Wealth Advisors LLC. bought a new position in Dycom Industries in the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $180.84 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. Dycom Industries has a 52 week low of $107.53 and a 52 week high of $207.20. The firm has a market cap of $5.28 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 1.45 and a beta of 1.43. The firm’s fifty day moving average is $181.34 and its 200-day moving average is $181.61.

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.