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

A number of equities research analysts have recently weighed in on DY shares. Stephens started coverage on Dycom Industries in a report on Monday, April 11th. They set an “overweight” rating and a $87.00 target price for the company. Cowen and Company started coverage on Dycom Industries in a report on Monday, April 11th. They set an “overweight” rating and a $87.00 target price for the company. Wells Fargo & Co. reissued a “buy” rating on shares of Dycom Industries in a report on Monday, April 11th. Canaccord Genuity started coverage on Dycom Industries in a report on Monday, April 11th. They set a “buy” rating and a $75.00 target price for the company. Finally, FBR & Co reissued a “buy” rating on shares of Dycom Industries in a report on Wednesday, April 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. Dycom Industries presently has a consensus rating of “Buy” and a consensus target price of $91.07.

The firm has a market cap of $2.97 billion and a PE ratio of 28.31. The stock’s 50-day moving average price is $89.68 and its 200-day moving average price is $71.17.

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

In other news, CAO Rebecca Brightly Roach sold 1,000 shares of the company’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $94.37, for a total transaction of $94,370.00. Following the transaction, the chief accounting officer now owns 8,534 shares of the company’s stock, valued at approximately $805,353.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Timothy R. Estes sold 10,000 shares of the company’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $96.03, for a total value of $960,300.00. Following the transaction, the chief operating officer now directly owns 233,812 shares in the company, valued at approximately $22,452,966.36. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of the stock. Morgan Stanley boosted 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 in the last quarter. Wells Fargo & Company MN boosted its stake 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. Navellier & Associates Inc boosted its stake 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. Marshall Wace LLP bought a new stake in shares of Dycom Industries during the fourth quarter worth about $10,078,000. Finally, OppenheimerFunds Inc. bought a new stake in shares of Dycom Industries during the fourth quarter worth about $7,550,000.

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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