Dycom Industries (NYSE:DY) Given New $215.00 Price Target at Raymond James

Dycom Industries (NYSE:DY) had its target price lifted by Raymond James from $210.00 to $215.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a strong-buy rating on the construction company’s stock.

Other analysts have also recently issued reports about the stock. DA Davidson reaffirmed a “buy” rating and set a $210.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 19th. KeyCorp raised their price target on Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their price objective on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and a consensus price target of $208.88.

Dycom Industries Stock Up 0.1 %

Shares of NYSE:DY opened at $185.70 on Tuesday. The company’s fifty day moving average is $182.05 and its 200-day moving average is $183.79. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. Dycom Industries has a 52 week low of $112.15 and a 52 week high of $207.20. The company has a market capitalization of $5.42 billion, a PE ratio of 24.43, a P/E/G ratio of 1.61 and a beta of 1.42.

Insider Activity

In other news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $175.08, for a total value of $507,732.00. Following the transaction, the director now owns 14,533 shares of the company’s stock, valued at $2,544,437.64. This represents a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jennifer M. Fritzsche sold 430 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total value of $74,437.30. Following the completion of the transaction, the director now owns 8,873 shares in the company, valued at $1,536,005.03. This represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dycom Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Accent Capital Management LLC acquired a new stake in shares of Dycom Industries in the 3rd quarter valued at approximately $25,000. Annapolis Financial Services LLC acquired a new stake in Dycom Industries in the third quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in shares of Dycom Industries during the third quarter worth $28,000. SOA Wealth Advisors LLC. acquired a new position in shares of Dycom Industries in the 3rd quarter valued at $39,000. Finally, Westside Investment Management Inc. bought a new stake in shares of Dycom Industries in the 3rd quarter valued at $41,000. Institutional investors own 98.33% of the company’s stock.

About Dycom Industries

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.