Dycom Industries (DY) is Reiterated by FBR Capital to Outperform, Raises Price Target to $ 115

Dycom Industries (DY) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 115 from a previous price target of $100 . FBR Capital advised their investors in a research report released on May 25, 2016.

Many Wall Street Analysts have commented on Dycom Industries. Company shares were Reiterated by Stifel on May 20, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $80 .Company shares were Reiterated by Canaccord Genuity on May 11, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .Canaccord Genuity Initiated Dycom Industries on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $75.

On the company’s financial health, Dycom Industries reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.34 according to the earnings call on May 24, 2016. Analyst had a consensus of $0.74. The company had revenue of $664.60 million for the quarter, compared to analysts expectations of $597.80 million. The company’s revenue was up 35.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Dycom Industries opened for trading at $71.04 and hit $73.7 on the upside on Friday, eventually ending the session at $71.97, with a gain of 3.18% or 2.22 points. The heightened volatility saw the trading volume jump to 6,75,643 shares. Company has a market cap of $2,367 M.

In a different news, on Dec 17, 2015, Steven E Nielsen (President & CEO) sold 12,053 shares at $81.89 per share price. According to the SEC, on Dec 16, 2015, H Andrew Deferrari (Sr. VP & CFO) sold 9,500 shares at $80.00 per share price. On Dec 1, 2015, Thomas G Baxter (director) sold 15,000 shares at $87.41 per share price, according to the Form-4 filing with the securities and exchange commission.

Dycom Industries Inc. is a provider of specialty contracting services throughout the United States and in Canada. The Company through its subsidiaries provides engineering construction maintenance and installation services to telecommunications providers underground facility locating services to various utilities including telecommunications providers and other construction and maintenance services to electric and gas utilities. It offers engineering services which include the design of aerial underground and buried fiber optic copper and coaxial cable systems that extend from the telephone company central office or cable operator headend to the consumer’s home or business. It also provides tower construction lines and antenna installation and foundation and equipment pad construction for wireless carriers as well as equipment installation and material fabrication and site testing services.

Dycom Industries

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