Trade-Ideas LLC identified

Dycom Industries

(

DY

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Dycom Industries as such a stock due to the following factors:

  • DY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $35.6 million.
  • DY has traded 393,108 shares today.
  • DY is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in DY with the Ticky from Trade-Ideas. See the FREE profile for DY NOW at Trade-Ideas

More details on DY:

Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. DY has a PE ratio of 32. Currently there are 5 analysts that rate Dycom Industries a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Recommends

The average volume for Dycom Industries has been 356,000 shares per day over the past 30 days. Dycom has a market cap of $2.1 billion and is part of the industrial goods sector and materials & construction industry. The stock has a beta of 1.56 and a short float of 5.8% with 3.77 days to cover. Shares are up 90.9% year-to-date as of the close of trading on Wednesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Dycom Industries as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 7.9%. Since the same quarter one year prior, revenues rose by 20.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • DYCOM INDUSTRIES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, DYCOM INDUSTRIES INC increased its bottom line by earning $2.41 versus $1.15 in the prior year. This year, the market expects an improvement in earnings ($2.64 versus $2.41).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Construction & Engineering industry. The net income increased by 105.1% when compared to the same quarter one year prior, rising from $16.49 million to $33.83 million.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Construction & Engineering industry and the overall market, DYCOM INDUSTRIES INC's return on equity exceeds that of both the industry average and the S&P 500.
  • Powered by its strong earnings growth of 106.38% and other important driving factors, this stock has surged by 101.30% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.