Dycom Industries Inc. (NYSE:DY) shares shot up 3.4% 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 firms have weighed in on DY. Vetr cut shares of Dycom Industries from a “hold” rating to a “sell” rating and set a $90.92 target price on the stock. in a research note on Monday, August 8th. FBR & Co reiterated a “buy” rating on shares of Dycom Industries in a research note on Thursday, May 26th. Finally, Wells Fargo & Co. reiterated a “buy” rating on shares of Dycom Industries in a research note on Sunday, June 5th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Dycom Industries currently has a consensus rating of “Buy” and a consensus price target of $91.37.

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

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

In related news, VP Richard B. Vilsoet sold 28,642 shares of the firm’s stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $93.56, for a total value of $2,679,745.52. Following the transaction, the vice president now owns 49,307 shares of the company’s stock, valued at $4,613,162.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Timothy R. Estes sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 14th. The stock was 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 in the company, valued at approximately $22,452,966.36. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of DY. 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 valued at $2,727,000 after buying an additional 18,301 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 valued at $2,141,000 after buying an additional 18,701 shares in the last quarter. Morgan Stanley increased 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 in the last quarter. 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 valued at $2,107,000 after buying an additional 5,401 shares in the last quarter. Finally, Systematic Financial Management LP increased 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 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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