Shares of Dycom Industries Inc. (NYSE:DY) hit a new 52-week high on Thursday . The company traded as high as $92.93 and last traded at $92.25, with a volume of 435,594 shares traded. The stock had previously closed at $90.34.

DY has been the subject of a number of recent analyst reports. Stephens initiated coverage on Dycom Industries in a report on Monday, April 11th. They set an “overweight” rating and a $87.00 price target for the company. Cowen and Company started coverage on Dycom Industries in a research note on Monday, April 11th. They issued an “overweight” rating and a $87.00 target price for the company. Wells Fargo & Co. restated a “buy” rating on shares of Dycom Industries in a research note on Monday, April 11th. Canaccord Genuity started coverage on Dycom Industries in a research note on Monday, April 11th. They issued a “buy” rating and a $75.00 target price for the company. Finally, FBR & Co restated a “buy” rating on shares of Dycom Industries in a research note on Wednesday, April 27th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $91.07.

The firm’s 50-day moving average price is $84.13 and its 200-day moving average price is $69.12. The firm has a market capitalization of $2.88 billion and a price-to-earnings ratio of 27.400.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Tuesday, May 24th. The company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.34. The business earned $664.60 million during the quarter, compared to analysts’ expectations of $597.78 million. Dycom Industries’s revenue for the quarter was up 35.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 EPS. Equities research analysts predict that Dycom Industries Inc. will post $4.40 earnings per share for the current fiscal year.

In other news, Director Charles B. Coe sold 26,897 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $89.90, for a total value of $2,418,040.30. Following the transaction, the director now owns 69,290 shares in the company, valued at $6,229,171. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of hedge funds and institutional investors recently modified their holdings of DY. Dimensional Fund Advisors LP increased its position in shares of Dycom Industries by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,455 shares of the company’s stock worth $154,993,000 after buying an additional 39,142 shares during the period. Columbus Circle Investors increased its position in shares of Dycom Industries by 3.3% in the fourth quarter. Columbus Circle Investors now owns 639,497 shares of the company’s stock worth $44,739,000 after buying an additional 20,233 shares during the period. Morgan Stanley increased its position in shares of Dycom Industries by 148.8% in the fourth quarter. Morgan Stanley now owns 481,009 shares of the company’s stock worth $33,652,000 after buying an additional 287,650 shares during the period. Wells Fargo & Company MN increased its position in shares of Dycom Industries by 241.0% in the fourth quarter. Wells Fargo & Company MN now owns 249,079 shares of the company’s stock worth $17,426,000 after buying an additional 176,025 shares during the period. Finally, Navellier & Associates Inc increased its position in shares of Dycom Industries by 870.9% in the fourth quarter. Navellier & Associates Inc now owns 184,806 shares of the company’s stock worth $12,929,000 after buying an additional 165,771 shares during the period.

Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities.

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