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

Several brokerages have commented on DY. Vetr downgraded Dycom Industries from a “hold” rating to a “sell” rating and set a $90.92 target price for the company. in a research note on Monday, August 8th. DA Davidson set a $110.00 target price on Dycom Industries and gave the stock a “buy” rating in a research note on Monday, August 22nd. Finally, FBR & Co reissued a “buy” rating on shares of Dycom Industries in a research note on Thursday, May 26th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $97.11.

The stock has a market cap of $2.69 billion and a P/E ratio of 22.05. The firm has a 50 day moving average of $90.51 and a 200-day moving average of $76.73.

Dycom Industries (NYSE:DY) last posted 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. During the same quarter in the previous year, the company posted $0.97 EPS. The firm had revenue of $789.16 million for the quarter, compared to the consensus estimate of $770.66 million. The firm’s revenue was up 36.4% compared to the same quarter last year. On average, equities analysts anticipate that Dycom Industries Inc. will post $5.37 EPS for the current year.

In other Dycom Industries news, VP Richard B. Vilsoet sold 28,642 shares of the firm’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $93.56, for a total value of $2,679,745.52. Following the completion of the transaction, the vice president now owns 49,307 shares in the company, valued at approximately $4,613,162.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles B. Coe sold 26,897 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now owns 69,290 shares of the company’s stock, valued at approximately $6,229,171. 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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