Dycom Industries (NYSE:DY) Hits New 12-Month High at $148.87

Dycom Industries, Inc. (NYSE:DY)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $148.87 and last traded at $147.00, with a volume of 13288 shares traded. The stock had previously closed at $145.37.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DY. B. Riley upgraded Dycom Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $101.00 to $172.00 in a report on Friday, March 8th. KeyCorp lifted their price target on Dycom Industries from $136.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dycom Industries has an average rating of “Buy” and a consensus target price of $135.50.

Dycom Industries Stock Up 1.9 %

The company has a 50-day moving average of $139.59 and a 200-day moving average of $117.83. The company has a current ratio of 3.06, a quick ratio of 2.85 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.88 and a beta of 1.37.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.15). The company had revenue of $952.50 million for the quarter, compared to analyst estimates of $968.87 million. Dycom Industries had a net margin of 5.24% and a return on equity of 22.06%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. On average, equities analysts predict that Dycom Industries, Inc. will post 7.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Jason T. Lawson sold 220 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $140.27, for a total value of $30,859.40. Following the completion of the transaction, the vice president now owns 7,793 shares in the company, valued at approximately $1,093,124.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.28% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Dycom Industries in the first quarter valued at approximately $28,000. Headlands Technologies LLC acquired a new stake in shares of Dycom Industries in the 1st quarter worth $72,000. Quadrant Capital Group LLC raised its stake in Dycom Industries by 26.4% during the fourth quarter. Quadrant Capital Group LLC now owns 770 shares of the construction company’s stock worth $89,000 after purchasing an additional 161 shares during the period. Principal Securities Inc. acquired a new position in Dycom Industries in the fourth quarter valued at approximately $142,000. Finally, Strs Ohio lifted its stake in shares of Dycom Industries by 50.0% in the 4th quarter. Strs Ohio now owns 1,500 shares of the construction company’s stock valued at $172,000 after purchasing an additional 500 shares during the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

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.