Shares of Dycom Industries, Inc. (NYSE:DY – Get Free Report) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $206.38.
DY has been the topic of several research analyst reports. DA Davidson reissued a “buy” rating and set a $210.00 target price on shares of Dycom Industries in a research note on Tuesday, November 19th. KeyCorp boosted their price objective on shares of Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company raised their target price on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th.
Read Our Latest Stock Analysis on DY
Dycom Industries Stock Up 1.6 %
Insider Buying and Selling
In related news, Director Jennifer M. Fritzsche sold 430 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total transaction of $74,437.30. Following the completion of the transaction, the director now owns 8,873 shares of the company’s stock, valued at $1,536,005.03. This trade represents a 4.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of the business’s 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 completion of the sale, the director now directly owns 14,533 shares in the company, valued at $2,544,437.64. This trade represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.28% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Hennessy Advisors Inc. bought a new stake in shares of Dycom Industries during the fourth quarter valued at approximately $50,234,000. International Assets Investment Management LLC purchased a new position in shares of Dycom Industries in the third quarter worth $19,424,000. Eagle Asset Management Inc. bought a new position in shares of Dycom Industries during the third quarter valued at $13,144,000. ARS Investment Partners LLC bought a new stake in Dycom Industries in the 4th quarter worth about $11,935,000. Finally, Point72 Asset Management L.P. purchased a new position in Dycom Industries in the 3rd quarter worth about $12,223,000. 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.
Further Reading
- Five stocks we like better than Dycom Industries
- 10 Best Airline Stocks to Buy
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- How Can Investors Benefit From After-Hours Trading
- 3 Steel Stocks Soaring After Tariff Announcements
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.