Dycom Industries Inc. (NYSE:DY) shares hit a new 52-week high on Thursday . The stock traded as high as $97.30 and last traded at $95.10, with a volume of 161,315 shares. The stock had previously closed at $95.14.

Several analysts have recently commented on the stock. Vetr raised shares of Dycom Industries from a “sell” rating to a “hold” rating and set a $88.59 price target on the stock in a research report on Tuesday, July 5th. FBR & Co reaffirmed a “buy” rating on shares of Dycom Industries in a research report on Thursday, May 26th. Canaccord Genuity reaffirmed a “buy” rating and set a $92.00 price target on shares of Dycom Industries in a research report on Wednesday, May 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $86.00 price target (up previously from $80.00) on shares of Dycom Industries in a research report on Friday, May 20th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Dycom Industries in a research report on Sunday, June 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Dycom Industries has a consensus rating of “Buy” and a consensus price target of $91.07.

The stock’s 50 day moving average price is $89.11 and its 200 day moving average price is $70.81. The stock has a market cap of $2.98 billion and a P/E ratio of 28.36.

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

In other news, Director Charles B. Coe sold 26,897 shares of the firm’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 transaction of $2,418,040.30. Following the completion of the transaction, the director now directly owns 69,290 shares of the company’s stock, valued at approximately $6,229,171. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard B. Vilsoet sold 28,642 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $93.56, for a total transaction of $2,679,745.52. Following the transaction, the vice president now directly owns 49,307 shares of the company’s stock, valued at $4,613,162.92. The disclosure for this sale can be found here.

Several institutional investors have modified their holdings of the company. Trexquant Investment LP acquired a new position in shares of Dycom Industries during the fourth quarter valued at $1,511,000. Shell Asset Management Co. acquired a new position in shares of Dycom Industries during the fourth quarter valued at $1,834,000. State of Tennessee Treasury Department acquired a new position in shares of Dycom Industries during the fourth quarter valued at $1,854,000. Penserra Capital Management LLC acquired a new position in shares of Dycom Industries during the fourth quarter valued at $2,074,000. Finally, Redwood Investments LLC boosted its position in shares of Dycom Industries by 21.8% in the fourth quarter. Redwood Investments LLC now owns 30,121 shares of the company’s stock valued at $2,107,000 after buying an additional 5,401 shares in 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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