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

DY has been the topic of several recent research reports. Canaccord Genuity increased their target price on Dycom Industries from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, May 11th. Zacks Investment Research upgraded Dycom Industries from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Tuesday, May 17th. Stifel Nicolaus restated a “buy” rating and set a $86.00 target price (up previously from $80.00) on shares of Dycom Industries in a research report on Friday, May 20th. FBR & Co increased their target price on Dycom Industries from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 25th. Finally, Vetr downgraded Dycom Industries from a “strong-buy” rating to a “hold” rating and set a $84.03 target price on the stock. in a research report on Wednesday, May 25th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Dycom Industries currently has a consensus rating of “Buy” and an average target price of $97.11.

The stock has a 50 day moving average price of $90.38 and a 200 day moving average price of $76.80. The firm has a market cap of $2.70 billion and a P/E ratio of 22.16.

Dycom Industries (NYSE:DY) last posted its earnings results on Tuesday, August 23rd. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.09. During the same period last year, the firm posted $0.97 EPS. The company earned $789.16 million during the quarter, compared to the consensus estimate of $770.66 million. The company’s revenue for the quarter was up 36.4% on a year-over-year basis. Analysts expect that Dycom Industries Inc. will post $5.37 EPS for the current fiscal year.

In other news, COO Timothy R. Estes sold 10,000 shares of the business’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 sale, the chief operating officer now owns 233,812 shares of the company’s stock, valued at approximately $22,452,966.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Kimberly L. Dickens sold 1,661 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 5,439 shares of the company’s stock, valued at approximately $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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