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

A number of research firms have commented on DY. Vetr upgraded Dycom Industries from a “hold” rating to a “buy” rating and set a $90.92 price target on the stock in a research report on Monday. Canaccord Genuity restated a “buy” rating and set a $92.00 target price on shares of Dycom Industries in a research report on Wednesday, May 25th. FBR & Co restated a “buy” rating on shares of Dycom Industries in a research report on Thursday, May 26th. Finally, Zacks Investment Research upgraded Dycom Industries from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Tuesday, May 17th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $91.37.

The stock has a market cap of $2.69 billion and a price-to-earnings ratio of 25.66. The stock has a 50-day moving average of $92.43 and a 200 day moving average of $73.89.

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

In other 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 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 can be accessed through this link. Also, VP Richard B. Vilsoet sold 28,642 shares of Dycom Industries stock in a transaction dated 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 transaction, the vice president now owns 49,307 shares in the company, valued at approximately $4,613,162.92. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have made changes to their positions in the stock. Trexquant Investment LP acquired a new position in shares of Dycom Industries during the fourth quarter worth about $1,511,000. State of Tennessee Treasury Department acquired a new position in shares of Dycom Industries during the fourth quarter worth about $1,854,000. Redwood Investments LLC increased its position in shares of Dycom Industries by 21.8% in the fourth quarter. Redwood Investments LLC now owns 30,121 shares of the company’s stock worth $2,107,000 after buying an additional 5,401 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of Dycom Industries by 157.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 30,601 shares of the company’s stock worth $2,141,000 after buying an additional 18,701 shares in the last quarter. Finally, Russell Frank Co increased its position in shares of Dycom Industries by 88.7% in the fourth quarter. Russell Frank Co now owns 38,945 shares of the company’s stock worth $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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