Dycom Industries Inc. (NYSE:DY) shares traded up 3.4% during trading on Friday . The company traded as high as $87.59 and last traded at $85.58, with a volume of 931,980 shares trading hands. The stock had previously closed at $82.79.

A number of research analysts have commented on the stock. Vetr cut shares of 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. FBR & Co reissued a “buy” rating on shares of Dycom Industries in a research note on Thursday, May 26th. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Dycom Industries in a research note on Sunday, June 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $91.37.

The firm has a market capitalization of $2.69 billion and a P/E ratio of 25.66. The company has a 50 day moving average price of $92.54 and a 200 day moving average price of $73.72.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Tuesday, May 24th. The company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.34. The business earned $664.60 million during the quarter, compared to analysts’ expectations of $597.78 million. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 earnings per share. On average, equities research analysts expect that Dycom Industries Inc. will post $4.40 EPS for the current fiscal year.

In other Dycom Industries news, COO Timothy R. Estes sold 10,000 shares of Dycom Industries stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $96.03, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Richard B. Vilsoet sold 28,642 shares of Dycom Industries stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $93.56, for a total value of $2,679,745.52. Following the completion of the sale, the vice president now directly owns 49,307 shares in the company, valued at approximately $4,613,162.92. The disclosure for this sale can be found here.

Several institutional investors recently added to or reduced their stakes in the stock. Trexquant Investment LP bought a new position in Dycom Industries during the fourth quarter valued at $1,511,000. State of Tennessee Treasury Department bought a new position in Dycom Industries during the fourth quarter valued at $1,854,000. Redwood Investments LLC increased its position in 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 in the last quarter. Cornerstone Capital Management Holdings LLC. increased 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 in the last quarter. Finally, Russell Frank Co increased 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 in 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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