Dycom Industries Inc. (NYSE:DY) hit a new 52-week high on Monday . The stock traded as high as $98.45 and last traded at $95.64, with a volume of 293,055 shares changing hands. The stock had previously closed at $96.76.

Several equities research analysts recently weighed in on DY shares. Stifel Nicolaus restated a “buy” rating and set a $86.00 target price (up from $80.00) on shares of Dycom Industries in a report on Friday, May 20th. Zacks Investment Research upgraded Dycom Industries from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Tuesday, May 17th. Canaccord Genuity increased their target price on Dycom Industries from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, May 11th. FBR & Co restated a “buy” rating on shares of Dycom Industries in a report on Wednesday, April 27th. Finally, Wells Fargo & Co. restated a “buy” rating on shares of Dycom Industries in a report on Monday, April 11th. 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 stock. The stock currently has an average rating of “Buy” and a consensus price target of $91.37.

The stock has a market capitalization of $3.01 billion and a PE ratio of 28.71. The stock has a 50-day moving average of $92.15 and a 200 day moving average of $72.92.

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 Thomson Reuters’ consensus estimate of $0.74 by $0.34. During the same quarter in the prior year, the business posted $0.58 EPS. The company earned $664.60 million during the quarter, compared to analysts’ expectations of $597.78 million. The company’s revenue was up 35.0% on a year-over-year basis. On average, equities research analysts expect that Dycom Industries Inc. will post $4.40 earnings per share for the current fiscal year.

In related news, COO Timothy R. Estes sold 10,000 shares of Dycom Industries stock in a transaction dated Thursday, July 14th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value 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 disclosure for this sale can be found here.

Several hedge funds and institutional investors have made changes to their positions in DY. Dimensional Fund Advisors LP raised its position in shares of 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 period. Morgan Stanley raised 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 valued at $33,652,000 after buying an additional 287,650 shares during the period. Wells Fargo & Company MN raised its position 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 valued at $17,426,000 after buying an additional 176,025 shares during the period. Marshall Wace LLP acquired a new position in shares of Dycom Industries during the fourth quarter valued at about $10,078,000. Finally, Systematic Financial Management LP raised 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.

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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