Shares of Dycom Industries Inc. (NYSE:DY) saw an uptick in trading volume on Friday . 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.

A number of research firms recently weighed in on DY. Vetr downgraded shares of Dycom Industries from a “hold” rating to a “sell” rating and set a $83.72 target price for the company. in a research report on Wednesday, June 22nd. FBR & Co reaffirmed a “buy” rating on shares of Dycom Industries in a research report on Wednesday, April 27th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Dycom Industries in a research 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 target price for the company in a research report on Tuesday, May 17th. Finally, Canaccord Genuity assumed coverage on shares of Dycom Industries in a research note on Monday, April 11th. They issued a “buy” rating and a $75.00 price target for the company. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $91.24.

The company has a market capitalization of $3.03 billion and a P/E ratio of 28.90. The stock has a 50 day moving average price of $92.15 and a 200-day moving average price of $72.92.

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, beating the Zacks’ 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. During the same quarter in the previous year, the firm earned $0.58 EPS. The firm’s revenue was up 35.0% on a year-over-year basis. On average, equities 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 the business’s stock in a transaction 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 sale, the director now 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 accessible through the SEC website. Also, COO Timothy R. Estes sold 10,000 shares of the business’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $96.03, for a total transaction of $960,300.00. Following the sale, the chief operating officer now owns 233,812 shares of the company’s stock, valued at approximately $22,452,966.36. The disclosure for this sale can be found here.

Several hedge funds have recently bought and sold shares of 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 valued at $154,993,000 after buying an additional 39,142 shares during the last quarter. Morgan Stanley raised its stake in Dycom Industries by 148.8% in the fourth quarter. Morgan Stanley now owns 481,009 shares of the company’s stock valued at $33,652,000 after buying an additional 287,650 shares during the last quarter. Wells Fargo & Company MN raised its stake in Dycom Industries by 241.0% in the fourth quarter. Wells Fargo & Company MN now owns 249,079 shares of the company’s stock valued at $17,426,000 after buying an additional 176,025 shares during the last quarter. Marshall Wace LLP purchased a new stake in Dycom Industries during the fourth quarter valued at about $10,078,000. Finally, OppenheimerFunds Inc. purchased a new stake in Dycom Industries during the fourth quarter valued at 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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