Brokerages Set Dycom Industries, Inc. (NYSE:DY) Price Target at $206.13

Shares of Dycom Industries, Inc. (NYSE:DY) have been assigned a consensus rating of “Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Seven research 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 objective among analysts that have updated their coverage on the stock in the last year is $206.13.

A number of equities analysts have weighed in on DY shares. Wells Fargo & Company upped their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Dycom Industries in a research 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 stock an “overweight” rating in a research report on Tuesday, October 8th.

Dycom Industries Stock Performance

NYSE:DY opened at $177.23 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. The company has a fifty day moving average of $181.19 and a two-hundred day moving average of $181.88. The stock has a market capitalization of $5.17 billion, a PE ratio of 23.32, a P/E/G ratio of 1.45 and a beta of 1.43. Dycom Industries has a fifty-two week low of $108.35 and a fifty-two week high of $207.20.

Insider Activity at Dycom Industries

In related news, Director Jennifer M. Fritzsche sold 430 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total value of $74,437.30. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this link. 4.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dycom Industries

Hedge funds have recently modified their holdings of the company. Stifel Financial Corp grew its holdings in shares of Dycom Industries by 46.5% in the third quarter. Stifel Financial Corp now owns 20,232 shares of the construction company’s stock valued at $3,988,000 after purchasing an additional 6,418 shares during the period. Hsbc Holdings PLC boosted its stake in Dycom Industries by 193.7% during the second quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company’s stock worth $1,317,000 after buying an additional 5,157 shares during the period. Whalen Wealth Management Inc. purchased a new position in Dycom Industries during the third quarter worth about $773,000. Creative Planning boosted its stake in Dycom Industries by 19.2% during the third quarter. Creative Planning now owns 6,560 shares of the construction company’s stock worth $1,293,000 after buying an additional 1,055 shares during the period. Finally, American Century Companies Inc. boosted its stake in Dycom Industries by 32.0% during the second quarter. American Century Companies Inc. now owns 17,547 shares of the construction company’s stock worth $2,961,000 after buying an additional 4,255 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

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.