Shares of Dycom Industries Inc. (NYSE:DY) saw unusually-strong trading volume on Thursday . Approximately 5,536,893 shares were traded during trading, an increase of 461% from the previous session’s volume of 986,739 shares.The stock last traded at $87.75 and had previously closed at $85.55.

A number of equities research analysts have issued reports on DY shares. Wells Fargo & Co. restated a “buy” rating on shares of Dycom Industries in a research note on Sunday, June 5th. Vetr raised Dycom Industries from a “hold” rating to a “buy” rating and set a $90.92 price objective on the stock in a research report on Monday, August 15th. Canaccord Genuity lifted their price objective on Dycom Industries from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, May 11th. Zacks Investment Research raised Dycom Industries from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Tuesday, May 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $86.00 price objective (up from $80.00) on shares of Dycom Industries in a research report on Friday, May 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $91.37.

The company has a 50-day moving average price of $92.39 and a 200-day moving average price of $74.71. The firm has a market cap of $2.76 billion and a P/E ratio of 26.27.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Tuesday, May 24th. The company reported $1.08 EPS for the quarter, beating 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. During the same quarter last year, the business posted $0.58 earnings per share. The company’s quarterly revenue was up 35.0% compared to the same quarter last year. 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 the 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 completion of the sale, the chief operating officer now directly 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 is available at this link. Also, CFO H Andrew Deferrari sold 9,147 shares of the stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $95.99, for a total value of $878,020.53. Following the completion of the sale, the chief financial officer now owns 103,168 shares of the company’s stock, valued at $9,903,096.32. The disclosure for this sale can be found here.

Other large investors have added to or reduced their stakes in the company. Russell Frank Co boosted its stake in 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 during the period. Cornerstone Capital Management Holdings LLC. raised 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. Wells Fargo & Company MN raised its position in shares of Dycom Industries by 241.0% in the fourth quarter. Wells Fargo & Company MN now owns 249,079 shares of the company’s stock worth $17,426,000 after buying an additional 176,025 shares in the last quarter. Systematic Financial Management LP raised 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 worth $3,219,000 after buying an additional 6,165 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Dycom Industries during the fourth quarter worth $1,511,000.

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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