Brokerages Set Dycom Industries, Inc. (NYSE:DY) Price Target at $206.13

Dycom Industries, Inc. (NYSE:DY) has been assigned a consensus rating of “Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $206.13.

A number of equities research analysts have weighed in on DY shares. DA Davidson reiterated a “buy” rating and set a $210.00 target price on shares of Dycom Industries in a research note on Tuesday, November 19th. B. Riley increased their target price on Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. KeyCorp raised their target price on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Bank of America upped their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 15th.

Institutional Investors Weigh In On Dycom Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DY. Accent Capital Management LLC purchased a new stake in Dycom Industries in the 3rd quarter worth $25,000. Legacy Investment Solutions LLC bought a new position in shares of Dycom Industries in the third quarter worth about $28,000. Annapolis Financial Services LLC purchased a new stake in shares of Dycom Industries during the third quarter worth about $29,000. Anchor Investment Management LLC raised its stake in Dycom Industries by 50.4% during the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after purchasing an additional 65 shares during the period. Finally, SOA Wealth Advisors LLC. bought a new stake in Dycom Industries during the 3rd quarter valued at approximately $39,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Stock Down 1.5 %

DY opened at $177.05 on Wednesday. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.45 and a beta of 1.41. The firm has a 50 day moving average price of $186.53 and a 200-day moving average price of $181.93. Dycom Industries has a twelve month low of $107.53 and a twelve month high of $207.20. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.