Dycom Stock Hits New 52-Week High (DY)

NEW YORK ( TheStreet) -- Dycom Industries (NYSE: DY) hit a new 52-week high Tuesday as it is currently trading at $23.80, above its previous 52-week high of $23.79 with 132,235 shares traded as of 2:18 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 13.2% year to date as of the close of trading on Monday.

Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. The company has a P/E ratio of 26.4, below the average materials & construction industry P/E ratio of 33.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Dycom as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Dycom Ratings Report.

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