Dycom Industries (NYSE:DY) Price Target Raised to $229.00 at KeyCorp

Dycom Industries (NYSE:DY) had its price objective boosted by KeyCorp from $227.00 to $229.00 in a research note released on Wednesday,Benzinga reports. KeyCorp currently has an overweight rating on the construction company’s stock.

DY has been the subject of several other reports. DA Davidson reiterated a “buy” rating and issued a $210.00 target price on shares of Dycom Industries in a research report on Tuesday, November 19th. Wells Fargo & Company raised their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One equities research 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 MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $206.38.

Dycom Industries Trading Up 0.8 %

Shares of DY opened at $178.82 on Wednesday. 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 $109.72 and a 52-week high of $207.20. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.45 and a beta of 1.43. The business’s fifty day moving average is $181.19 and its 200-day moving average is $181.88.

Insider Transactions at Dycom Industries

In related news, Director Jennifer M. Fritzsche sold 430 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total transaction of $74,437.30. Following the transaction, the director now directly owns 8,873 shares of the company’s stock, valued at $1,536,005.03. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.28% of the company’s stock.

Institutional Investors Weigh In On Dycom Industries

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

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.