Shares of Dycom Industries Inc. (NYSE:DY) were down 7.5% during trading on Wednesday . The stock traded as low as $84.00 and last traded at $85.03, with a volume of 1,924,017 shares trading hands. The stock had previously closed at $91.94.

Several analysts have commented on DY shares. Vetr upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $90.92 target price for the company in a research report on Monday, August 15th. Wells Fargo & Co. reissued a “buy” rating on shares of Dycom Industries in a report on Sunday, June 5th. DA Davidson set a $110.00 price target on shares of Dycom Industries and gave the company a “buy” rating in a report on Monday. Canaccord Genuity boosted their price target on shares of Dycom Industries from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, May 11th. Finally, Zacks Investment Research raised shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Tuesday, May 17th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $94.24.

The company has a 50-day moving average price of $92.44 and a 200-day moving average price of $75.41. The firm has a market capitalization of $2.67 billion and a P/E ratio of 25.40.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Tuesday, August 23rd. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.09. The firm had revenue of $789.16 million for the quarter, compared to analysts’ expectations of $770.66 million. The firm’s revenue for the quarter was up 36.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. Analysts anticipate that Dycom Industries Inc. will post $4.40 earnings per share for the current year.

In other Dycom Industries news, CAO Rebecca Brightly Roach sold 1,000 shares of Dycom Industries stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $94.37, for a total value of $94,370.00. Following the sale, the chief accounting officer now owns 8,534 shares of the company’s stock, valued at $805,353.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction 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 approximately $22,452,966.36. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in Dycom Industries stock. Trexquant Investment LP acquired a new stake in Dycom Industries Inc. (NYSE:DY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,595 shares of the company’s stock, valued at approximately $1,511,000. Trexquant Investment LP owned 0.07% of Dycom Industries as of its most recent SEC filing.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.