Shares of Dycom Industries Inc. (NYSE:DY) traded at a new 52-week high today of $114.90. This new high was reached on below average trading volume as 59,000 shares traded hands, while the average 30-day volume is approximately 242,000 shares.
Dycom Industries Inc. (NYSE:DY) is currently priced 29.7% above its average consensus analyst price target of $80.61.
Over the past year, Dycom Industries Inc. has traded in a range of $64.77 to $114.90 and is now at $114.59, 77% above that low.
Dycom Industries Inc provides contracting services in the United States and Canada. It offers program management, engineering, construction, maintenance, and installation services for telecommunications providers and utilities. Engineering services include the design of aerial, underground, and buried telecommunications systems that extend from telephone companies to end-users homes or businesses. Dycom Industries utilizes copper, coaxial cables, and other materials, and constructs trenches and structures to place the cables or improve distribution lines to consumers. In addition, the company provides tower construction, antenna installation, and other equipment for wireless carriers and television system operators. The majority of sales derive from the United States.
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