Dycom Industries Inc. (NYSE:DY) fell 3.4% on Wednesday . The company traded as low as $81.23 and last traded at $81.53, with a volume of 255,441 shares trading hands. The stock had previously closed at $84.36.

A number of research firms recently weighed in on DY. Vetr lowered shares of Dycom Industries from a “hold” rating to a “sell” rating and set a $83.72 price target for the company. in a report on Wednesday, June 22nd. FBR & Co raised their price target on shares of Dycom Industries from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, May 25th. Zacks Investment Research raised shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Tuesday, May 17th. Stifel Nicolaus reissued a “buy” rating on shares of Dycom Industries in a report on Sunday. Finally, Canaccord Genuity raised their price objective on shares of Dycom Industries from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, May 11th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $97.11.

The stock has a 50-day moving average price of $91.27 and a 200-day moving average price of $76.65. The firm has a market cap of $2.54 billion and a P/E ratio of 20.85.

Dycom Industries (NYSE:DY) last posted its earnings results on Tuesday, August 23rd. The company reported $1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.09. The business earned $789.16 million during the quarter, compared to analyst estimates of $770.66 million. During the same quarter last year, the firm earned $0.97 earnings per share. Dycom Industries’s revenue was up 36.4% compared to the same quarter last year. Analysts anticipate that Dycom Industries Inc. will post $5.37 earnings per share for the current year.

In other Dycom Industries news, COO Timothy R. Estes sold 10,000 shares of Dycom Industries stock in a transaction that occurred on Thursday, July 14th. The shares were 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kimberly L. Dickens sold 1,661 shares of Dycom Industries stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $95.87, for a total transaction of $159,240.07. Following the completion of the sale, the vice president now owns 5,439 shares of the company’s stock, valued at $521,436.93. The disclosure for this sale can be found here.

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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