Dycom Industries, Inc. (NYSE:DY – Get Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as $121.37 and last traded at $120.32, with a volume of 12478 shares traded. The stock had previously closed at $119.31.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Dycom Industries from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, November 22nd. B. Riley lifted their price objective on shares of Dycom Industries from $94.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, November 22nd. StockNews.com downgraded shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Finally, KeyCorp started coverage on shares of Dycom Industries in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $136.00 price target for the company. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dycom Industries has a consensus rating of “Moderate Buy” and an average target price of $121.86.
Read Our Latest Stock Report on DY
Dycom Industries Stock Up 0.5 %
The firm has a market cap of $3.52 billion, a PE ratio of 16.18, a P/E/G ratio of 0.93 and a beta of 1.32. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.26 and a current ratio of 3.50. The firm’s 50-day moving average price is $114.32 and its two-hundred day moving average price is $100.83.
Institutional Trading of Dycom Industries
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Dycom Industries by 40.1% during the first quarter. BlackRock Inc. now owns 4,639,633 shares of the construction company’s stock worth $434,502,000 after buying an additional 1,327,595 shares during the period. Peconic Partners LLC boosted its stake in shares of Dycom Industries by 0.7% during the fourth quarter. Peconic Partners LLC now owns 3,265,682 shares of the construction company’s stock worth $375,847,000 after buying an additional 21,635 shares during the period. Vanguard Group Inc. boosted its stake in shares of Dycom Industries by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 3,183,646 shares of the construction company’s stock worth $366,406,000 after buying an additional 42,121 shares during the period. Alliancebernstein L.P. lifted its position in Dycom Industries by 43.5% in the fourth quarter. Alliancebernstein L.P. now owns 1,728,780 shares of the construction company’s stock valued at $161,814,000 after purchasing an additional 524,292 shares during the period. Finally, State Street Corp lifted its position in Dycom Industries by 0.5% in the second quarter. State Street Corp now owns 1,032,615 shares of the construction company’s stock valued at $117,357,000 after purchasing an additional 5,262 shares during the period. Hedge funds and other institutional investors own 98.43% 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.
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Read More: Dycom Industries (NYSE:DY) Reaches New 52-Week High at $121.37