Dycom Industries Inc. (NYSE:DY) shares 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. The stock had previously closed at $96.76.

Several brokerages have recently weighed in on DY. Vetr cut Dycom Industries from a “hold” rating to a “sell” rating and set a $83.72 target price on the stock. in a report on Wednesday, June 22nd. FBR & Co reiterated a “buy” rating on shares of Dycom Industries in a report on Wednesday, April 27th. Zacks Investment Research upgraded Dycom Industries from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Tuesday, May 17th. Canaccord Genuity upped their price objective on Dycom Industries from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, May 11th. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of Dycom Industries in a report on Sunday, June 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $91.37.

The stock has a market cap of $2.95 billion and a P/E ratio of 28.12. The company has a 50-day moving average price of $92.59 and a 200-day moving average price of $73.53.

Dycom Industries (NYSE:DY) last issued 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 earned $664.60 million during the quarter, compared to analysts’ expectations of $597.78 million. During the same period last year, the business posted $0.58 earnings per share. The company’s quarterly revenue was up 35.0% on a year-over-year basis. On average, equities analysts predict that Dycom Industries Inc. will post $4.40 EPS for the current fiscal year.

In other news, CAO Rebecca Brightly Roach sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $94.37, for a total transaction of $94,370.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,534 shares of the company’s stock, valued at approximately $805,353.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.

A number of hedge funds have recently added to or reduced their stakes in DY. Dimensional Fund Advisors LP boosted 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 boosted 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 boosted 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 approximately $10,078,000. Finally, Systematic Financial Management LP boosted its stake in 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 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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