NEW YORK (

TheStreet

) --

Dycom Industries

(NYSE:

DY

) hit a new 52-week high Wednesday as it is currently trading at $22.72, above its previous 52-week high of $22.72 with 318,142 shares traded as of 4:02 p.m. ET. Average volume has been 406,300 shares over the past 30 days.

Dycom has a market cap of $719.8 million and is part of the

industrial goods

sector and

materials & construction

industry. Shares are up 2.2% year to date as of the close of trading on Tuesday.

Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. The company has a P/E ratio of 33.6, above the average materials & construction industry P/E ratio of 33.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Dycom as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Dycom Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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