Dycom Industries Inc. (NYSE:DY) rose 3.1% during trading on Thursday . The company traded as high as $83.88 and last traded at $83.61, with a volume of 467,757 shares trading hands. The stock had previously closed at $81.12.

A number of research firms have issued reports on DY. DA Davidson set a $110.00 price target on shares of Dycom Industries and gave the stock a “buy” rating in a report on Monday, August 22nd. FBR & Co raised their price target on shares of Dycom Industries from $115.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, August 25th. Vetr raised shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $98.88 price target for the company in a report on Tuesday, August 23rd. 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 report on Friday, May 20th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating on shares of Dycom Industries in a report on Sunday, June 5th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Dycom Industries currently has an average rating of “Buy” and an average target price of $97.11.

The firm has a market capitalization of $2.61 billion and a PE ratio of 21.39. The stock has a 50-day moving average of $90.86 and a 200 day moving average of $76.69.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Tuesday, August 23rd. The company reported $1.64 EPS 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 analyst estimates of $770.66 million. The company’s revenue was up 36.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 EPS. Equities analysts forecast that Dycom Industries Inc. will post $5.37 EPS for the current year.

In other news, Director Charles B. Coe sold 26,897 shares of the company’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $89.90, for a total value of $2,418,040.30. Following the completion of the transaction, the director now owns 69,290 shares in the company, valued at approximately $6,229,171. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Timothy R. Estes sold 10,000 shares of the company’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $96.03, for a total transaction of $960,300.00. Following the completion of the transaction, the chief operating officer now owns 233,812 shares of the company’s stock, valued at approximately $22,452,966.36. 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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