Dycom Industries Inc. (NYSE:DY)’s share price 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. The stock had previously closed at $87.94.

DY has been the subject of several research analyst reports. Vetr cut Dycom Industries from a “hold” rating to a “sell” rating and set a $90.92 price objective for the company. in a research report on Monday, August 8th. FBR & Co reissued a “buy” rating on shares of Dycom Industries in a research report on Thursday, May 26th. Canaccord Genuity reissued a “buy” rating and set a $92.00 price objective on shares of Dycom Industries in a research report on Wednesday, May 25th. Stifel Nicolaus reissued a “buy” rating and set a $86.00 price objective (up previously from $80.00) on shares of Dycom Industries in a research report on Friday, May 20th. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Dycom Industries in a research report on Sunday, June 5th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $94.24.

The stock’s 50-day moving average is $92.44 and its 200 day moving average is $75.41. The stock has a market cap of $2.70 billion and a PE ratio of 25.703.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Tuesday, August 23rd. The company reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.09. The company earned $789.16 million during the quarter, compared to the consensus estimate of $770.66 million. During the same quarter in the previous year, the business earned $0.97 EPS. Dycom Industries’s revenue was up 36.4% on a year-over-year basis. Equities research analysts anticipate that Dycom Industries Inc. will post $4.40 EPS for the current fiscal year.

In related news, Director Thomas G. Baxter sold 1,556 shares of the firm’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $93.59, for a total value of $145,626.04. Following the completion of the sale, the director now directly owns 21,562 shares in the company, valued at approximately $2,017,987.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Rebecca Brightly Roach sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $94.37, for a total transaction of $94,370.00. Following the completion of the sale, the chief accounting officer now owns 8,534 shares of the company’s stock, valued at $805,353.58. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Dycom Industries stock. Trexquant Investment LP bought a new stake in shares of Dycom Industries Inc. (NYSE:DY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,595 shares of the company’s stock, valued at approximately $1,511,000. Trexquant Investment LP owned approximately 0.07% of Dycom Industries at the end of the most recent 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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