Dycom Industries Inc. (NYSE:DY) saw unusually-high trading volume on Friday . Approximately 616,158 shares were traded during mid-day trading, an increase of 51% from the previous session’s volume of 408,755 shares.The stock last traded at $96.10 and had previously closed at $92.62.

DY has been the subject of a number of recent research reports. Wells Fargo & Co. reissued a “buy” rating on shares of Dycom Industries in a report on Sunday, June 5th. Vetr lowered shares of Dycom Industries from a “hold” rating to a “sell” rating and set a $88.59 price objective for the company. in a research note on Monday, July 11th. Canaccord Genuity lifted their price objective on shares of Dycom Industries from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, May 11th. Zacks Investment Research raised shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Tuesday, May 17th. Finally, Stephens began coverage on shares of Dycom Industries in a research note on Monday, April 11th. They set an “overweight” rating and a $87.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Dycom Industries presently has a consensus rating of “Buy” and a consensus target price of $91.24.

The stock’s 50 day moving average price is $92.15 and its 200 day moving average price is $72.92. The company has a market capitalization of $3.03 billion and a PE ratio of 28.90.

Dycom Industries (NYSE:DY) last released its quarterly 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. During the same period last year, the firm earned $0.58 EPS. The firm had revenue of $664.60 million for the quarter, compared to analyst estimates of $597.78 million. The company’s quarterly revenue was up 35.0% on a year-over-year basis. 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 Dycom Industries stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $89.90, for a total value of $2,418,040.30. Following the transaction, the director now directly owns 69,290 shares in the company, valued at approximately $6,229,171. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Timothy R. Estes sold 10,000 shares of Dycom Industries stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 233,812 shares in the company, valued at $22,452,966.36. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently made changes to their positions in DY. Rhumbline Advisers increased its position in shares of Dycom Industries by 6.9% in the fourth quarter. Rhumbline Advisers now owns 44,070 shares of the company’s stock valued at $3,083,000 after buying an additional 2,840 shares during the period. Redwood Investments LLC increased 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 during the period. Systematic Financial Management LP increased its position in shares of Dycom Industries by 15.5% in the fourth quarter. Systematic Financial Management LP now owns 46,020 shares of the company’s stock valued at $3,219,000 after buying an additional 6,165 shares during the period. New York State Common Retirement Fund increased its position in shares of Dycom Industries by 10.3% in the fourth quarter. New York State Common Retirement Fund now owns 108,995 shares of the company’s stock valued at $7,625,000 after buying an additional 10,168 shares during the period. Finally, Russell Frank Co increased its position in shares of Dycom Industries by 88.7% in the fourth quarter. Russell Frank Co now owns 38,945 shares of the company’s stock valued at $2,727,000 after buying an additional 18,301 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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