Dycom Industries (DY) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dycom Industries in the last twelve months. There are currently 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" DY shares.
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7 equities research analysts have issued 12-month price objectives for Dycom Industries' shares. Their DY share price targets range from $120.00 to $172.00. On average, they anticipate the company's share price to reach $135.50 in the next twelve months. This suggests that the stock has a possible downside of 0.2%.
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Dycom Industries' stock was trading at $115.09 at the beginning of the year. Since then, DY shares have increased by 18.0% and is now trading at $135.80.
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Dycom Industries saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 1,660,000 shares, an increase of 7.8% from the February 14th total of 1,540,000 shares. Based on an average trading volume of 262,700 shares, the short-interest ratio is currently 6.3 days. Approximately 5.9% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
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Dycom Industries, Inc. (NYSE:DY) issued its earnings results on Wednesday, February, 28th. The construction company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.94 by $0.15. The construction company earned $952.50 million during the quarter, compared to analyst estimates of $968.87 million. Dycom Industries had a trailing twelve-month return on equity of 22.06% and a net margin of 5.24%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS.

ETFs with the largest weight of Dycom Industries (NYSE:DY) stock in their portfolio include First Trust RBA American Industrial RenaissanceTM ETF (AIRR), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco Dorsey Wright Industrials Momentum ETF (PRN), Janus Henderson Small Cap Growth Alpha ETF (JSML), Fidelity Disruptive Communications ETF (FDCF), iShares S&P Small-Cap 600 Value ETF (IJS), SPDR S&P 600 Small CapValue ETF (SLYV) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

48 employees have rated Dycom Industries Chief Executive Officer Steven E. Nielsen on Glassdoor.com. Steven E. Nielsen has an approval rating of 59% among the company's employees. This puts Steven E. Nielsen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dycom Industries investors own include Gilead Sciences (GILD), QUALCOMM (QCOM), AbbVie (ABBV), NVIDIA (NVDA), Broadcom (AVGO), Walt Disney (DIS), Micron Technology (MU), AT&T (T), Cisco Systems (CSCO) and Intel (INTC).

Dycom Industries' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Salem Investment Counselors Inc. (0.07%), Los Angeles Capital Management LLC (0.03%), NBC Securities Inc. (0.02%), Fulton Bank N.A. (0.02%) and Somerset Trust Co (0.02%). Insiders that own company stock include Dwight B Duke, H Andrew Deferrari, Jason T Lawson, Richard K Sykes, Ryan F Urness, Sharon Villaverde and Steven E Nielsen.
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Shares of DY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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