Dycom Industries Inc. (NYSE:DY) shares gapped up prior to trading on Friday . The stock had previously closed at $92.16, but opened at $92.43. Dycom Industries shares last traded at $94.15, with a volume of 360,666 shares.

A number of research firms have recently commented on DY. Vetr cut shares of Dycom Industries from a “hold” rating to a “sell” rating and set a $88.59 target price for the company. in a report on Monday. Wells Fargo & Co. reissued a “buy” rating on shares of Dycom Industries in a report on Sunday, June 5th. FBR & Co reissued a “buy” rating on shares of Dycom Industries in a report on Thursday, May 26th. Canaccord Genuity reissued a “buy” rating and issued a $92.00 target price on shares of Dycom Industries in a report on Wednesday, May 25th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $86.00 target price (up previously from $80.00) on shares of Dycom Industries in a report on Friday, May 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. Dycom Industries currently has an average rating of “Buy” and a consensus target price of $91.07.

The stock has a market capitalization of $2.98 billion and a PE ratio of 28.37. The stock has a 50-day moving average of $85.55 and a 200-day moving average of $69.45.

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

In other Dycom Industries news, Director Charles B. Coe sold 26,897 shares of Dycom Industries stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $89.90, for a total transaction of $2,418,040.30. Following the completion of the transaction, the director now owns 69,290 shares of the company’s stock, valued at approximately $6,229,171. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of hedge funds and institutional investors recently bought and sold shares of DY. Trexquant Investment LP bought a new position in Dycom Industries during the fourth quarter worth $1,511,000. Shell Asset Management Co. bought a new position in Dycom Industries during the fourth quarter worth $1,834,000. Penserra Capital Management LLC bought a new position in Dycom Industries during the fourth quarter worth $2,074,000. Redwood Investments LLC raised its position 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 last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in Dycom Industries by 157.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 30,601 shares of the company’s stock worth $2,141,000 after buying an additional 18,701 shares during the last quarter.

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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