Shares of Dycom Industries Inc. (NYSE:DY) traded down 4% on Thursday . The company traded as low as $87.03 and last traded at $87.81, with a volume of 761,056 shares. The stock had previously closed at $91.50.

A number of analysts have recently weighed in on the company. Vetr cut Dycom Industries from a “hold” rating to a “sell” rating and set a $90.92 price target on the stock. in a research report on Monday. Wells Fargo & Co. reiterated a “buy” rating on shares of Dycom Industries in a research report on Sunday, June 5th. FBR & Co reiterated a “buy” rating on shares of Dycom Industries in a research report on Thursday, May 26th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $92.00 price target on shares of Dycom Industries in a research report on Wednesday, May 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $91.37.

The firm has a market cap of $2.60 billion and a PE ratio of 24.73. The company’s 50 day moving average is $92.54 and its 200-day moving average is $73.72.

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

In other Dycom Industries news, COO Timothy R. Estes sold 10,000 shares of Dycom Industries 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 completion of the transaction, the chief operating officer now directly owns 233,812 shares of the company’s stock, valued at $22,452,966.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard B. Vilsoet sold 28,642 shares of Dycom Industries stock in a transaction 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 and institutional investors have recently bought and sold shares of the company. Russell Frank Co raised its position in 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 last quarter. Rhumbline Advisers raised its position in 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 last quarter. Morgan Stanley raised its position 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. Cornerstone Capital Management Holdings LLC. raised its position in Dycom Industries by 157.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 30,601 shares of the company’s stock valued at $2,141,000 after buying an additional 18,701 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.