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

Several research firms have issued reports on DY. Vetr lowered shares of Dycom Industries from a “hold” rating to a “sell” rating and set a $83.72 price target on the stock. in a report on Wednesday, June 22nd. FBR & Co reaffirmed a “buy” rating on shares of Dycom Industries in a report on Wednesday, April 27th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Dycom Industries in a report on Monday, April 11th. Zacks Investment Research raised shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Tuesday, May 17th. Finally, Canaccord Genuity began coverage on shares of Dycom Industries in a report on Monday, April 11th. They issued a “buy” rating and a $75.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $91.07.

The firm’s 50 day moving average price is $85.55 and its 200 day moving average price is $69.45. The company has a market cap of $2.98 billion and a PE ratio of 28.37.

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

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

A number of large investors have added to or reduced their stakes in DY. Dimensional Fund Advisors LP raised its stake in 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. Redwood Investments LLC raised its stake in Dycom Industries by 21.8% in the fourth quarter. Redwood Investments LLC now owns 30,121 shares of the company’s stock worth $2,107,000 after buying an additional 5,401 shares during the period. Trexquant Investment LP acquired a new stake in Dycom Industries during the fourth quarter worth about $1,511,000. Systematic Financial Management LP raised its stake in Dycom Industries by 15.5% in the fourth quarter. Systematic Financial Management LP now owns 46,020 shares of the company’s stock worth $3,219,000 after buying an additional 6,165 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Dycom Industries during the fourth quarter worth about $10,078,000.

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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