Shares of Dycom Industries Inc. (NYSE:DY) rose 3% on Monday . The stock traded as high as $90.85 and last traded at $90.55, with a volume of 742,743 shares traded. The stock had previously closed at $87.94.

DY has been the topic of several recent research reports. FBR & Co reissued a “buy” rating on shares of Dycom Industries in a report on Wednesday, April 27th. Canaccord Genuity lifted their price objective on Dycom Industries from $75.00 to $80.00 and gave the stock a “buy” rating in a 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 target on the stock in a research note on Tuesday, May 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $86.00 price target (up previously from $80.00) on shares of Dycom Industries in a research note on Friday, May 20th. Finally, Vetr lowered Dycom Industries from a “strong-buy” rating to a “hold” rating and set a $84.03 price target on the stock. in a research note on Wednesday, May 25th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target 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 $2.86 billion and a P/E ratio of 27.21.

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

In other news, VP Richard B. Vilsoet sold 28,642 shares of the stock in a transaction that occurred 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 owns 49,307 shares in the company, valued at $4,613,162.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles B. Coe sold 26,897 shares of the stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $89.90, for a total value of $2,418,040.30. Following the transaction, the director now owns 69,290 shares in the company, valued at approximately $6,229,171. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. Trexquant Investment LP purchased a new position in shares of Dycom Industries during the fourth quarter worth $1,511,000. Redwood Investments LLC raised 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 during the period. Russell Frank Co raised 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 during the period. Finally, 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 during the period.

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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