Dycom Industries (NYSE:DY) had its price objective cut by equities research analysts at Craig Hallum from $75.00 to $51.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the construction company’s stock. Craig Hallum’s price objective would suggest a potential upside of 8.81% from the company’s current price.
Other equities research analysts have also issued reports about the stock. Canaccord Genuity started coverage on shares of Dycom Industries in a report on Wednesday, November 21st. They set a “buy” rating and a $84.00 price objective on the stock. Zacks Investment Research reissued a “buy” rating and set a $75.00 price objective on shares of Dycom Industries in a report on Tuesday, November 13th. B. Riley raised shares of Dycom Industries from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $84.00 to $60.00 in a report on Wednesday. Finally, ValuEngine lowered shares of Dycom Industries from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Dycom Industries has an average rating of “Buy” and an average target price of $79.00.
Get Dycom Industries alerts:Shares of DY opened at $46.87 on Thursday. The firm has a market cap of $1.47 billion, a PE ratio of 16.86, a P/E/G ratio of 1.80 and a beta of 1.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.48 and a current ratio of 3.78. Dycom Industries has a 1-year low of $41.78 and a 1-year high of $117.40.
Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, February 27th. The construction company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). The company had revenue of $748.62 million for the quarter, compared to analysts’ expectations of $719.25 million. Dycom Industries had a net margin of 3.79% and a return on equity of 11.38%. Dycom Industries’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. Sell-side analysts anticipate that Dycom Industries will post 3.82 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of DY. First Personal Financial Services acquired a new position in shares of Dycom Industries in the fourth quarter worth about $41,000. Belpointe Asset Management LLC acquired a new position in shares of Dycom Industries in the third quarter worth about $104,000. Public Employees Retirement System of Ohio raised its position in shares of Dycom Industries by 24.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,476 shares of the construction company’s stock worth $80,000 after acquiring an additional 288 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of Dycom Industries in the fourth quarter worth about $77,000. Finally, Bank of Montreal Can raised its position in shares of Dycom Industries by 17.1% in the fourth quarter. Bank of Montreal Can now owns 1,686 shares of the construction company’s stock worth $91,000 after acquiring an additional 246 shares during the period. 99.53% of the stock is currently owned by institutional investors.
About Dycom Industries
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.
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