NYSE:DY

Dycom Industries (DY) Stock Forecast, Price & News

$90.69

+2.39 (+2.71%)

(As of 09/27/2023 ET)

Compare

Today's Range: $88.90
▼
$91.19
50-Day Range: $88.32
▼
$108.29
52-Week Range: $77.33
▼
$122.13

Volume: 211,652 shs
Average Volume: 421,813 shs
Market Capitalization: $2.66 billion

P/E Ratio: 14.19
Dividend Yield: N/A
Price Target: $120.40

Dycom Industries MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 32.8% Upside
$120.40 Price Target
Short Interest: Healthy
6.50% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.01
Upright™ Environmental Score
News Sentiment: 0.93
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.16%
From $6.56 to $7.03 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.58 out of 5 stars

Construction Sector

26th out of 99 stocks

Water, Sewer, & Utility Lines Industry

2nd out of 5 stocks

3.4

Analyst's Opinion

Consensus Rating
Dycom Industries has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $120.40, Dycom Industries has a forecasted upside of 32.8% from its current price of $90.69.
Amount of Analyst Coverage
Dycom Industries has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
6.50% of the float of Dycom Industries has been sold short.
Short Interest Ratio / Days to Cover
Dycom Industries has a short interest ratio ("days to cover") of 6.1.
Change versus previous month
Short interest in Dycom Industries has recently decreased by 9.36%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Dycom Industries does not currently pay a dividend.
Dividend Growth
Dycom Industries does not have a long track record of dividend growth.

2.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Dycom Industries has received a 16.93% net impact score from Upright. Dycom Industries seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Telecommunications network installation for wireless connections", "Construction of underground coaxial cable lines", "Telecommunications network engineering for mobile connections", and "Telecommunications network engineering for fixed connections" products. See details.
Environmental Sustainability
The Environmental Impact score for Dycom Industries is -2.01.

3.3

News and Social Media Coverage

News Sentiment
Dycom Industries has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Dycom Industries this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for DY on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
MarketBeat Follows
4 people have added Dycom Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Dycom Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.32% of the stock of Dycom Industries is held by insiders.
Percentage Held by Institutions
98.43% of the stock of Dycom Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Dycom Industries are expected to grow by 7.16% in the coming year, from $6.56 to $7.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Dycom Industries is 14.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Dycom Industries is 14.19, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 14.78.
Price to Book Value per Share Ratio
Dycom Industries has a P/B Ratio of 2.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Dycom Industries (NYSE:DY) Stock

Dycom Industries, Inc. provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel. It also provides construction, maintenance, and installation services for telephone companies and cable multiple system operators, such as placement and splicing of fiber, copper, and coaxial cables; tower construction, lines and antenna installation, foundation and equipment pad construction, and small cell site placement for wireless carriers, as well as equipment installation and material fabrication, and site testing services; underground facility locating services comprising locating telephone, cable television, power, water, sewer, and gas lines; installation and maintenance of customer premise equipment, including digital video recorders, set top boxes, and modems for cable system operators; and construction and maintenance services for electric and gas utilities, and other customers. Dycom Industries, Inc. was incorporated in 1969 and is headquartered in Palm Beach Gardens, Florida.

DY Price History

30 days | 90 days | 365 days | Advanced Chart

DY Stock News Headlines

September 26, 2023 | finance.yahoo.com

3 Stocks to Watch From a Thriving Heavy Construction Industry

September 22, 2023 | finance.yahoo.com

Dycom Industries (DY) Down 7.1% Since Last Earnings Report: Can It Rebound?

September 28, 2023 | Altimetry (Ad)

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September 21, 2023 | americanbankingnews.com

Analysts Set Dycom Industries, Inc. (NYSE:DY) Price Target at $120.40

September 14, 2023 | finance.yahoo.com

Dycom Industries, Inc. to Present at the D.A. Davidson 22nd Annual Diversified Industrials & Services Conference

September 11, 2023 | msn.com

Dycom Industries: Bigham Cable Construction Should Accelerate Growth

September 11, 2023 | msn.com

Dycom Industries: Economic Leverage Underreflected At Current Multiples, Rate Buy

September 4, 2023 | finance.yahoo.com

Why Dycom Industries (DY) is a Top Momentum Stock for the Long-Term

September 28, 2023 | Altimetry (Ad)

Biden's latest bailout--terrible for America?

August 29, 2023 | seekingalpha.com

Dycom Industries, Inc. 2024 Q2 - Results - Earnings Call Presentation

August 25, 2023 | finance.yahoo.com

Dycom (DY) Benefited from Continued Growth in its Core Business

August 24, 2023 | finance.yahoo.com

Dycom Industries, Inc. (NYSE:DY) Q2 2024 Earnings Call Transcript

August 24, 2023 | finance.yahoo.com

Dycom's (DY) Q2 Earnings Top, Revenues Miss, Shares Up

August 24, 2023 | finance.yahoo.com

Dycom (DY) Acquires Bigham, Strengthens Telecom Business

August 24, 2023 | markets.businessinsider.com

D.A. Davidson Sticks to Its Buy Rating for Dycom (DY)

August 24, 2023 | markets.businessinsider.com

Dycom Industries, Inc. Announces Fiscal 2024 Second Quarter Results

August 24, 2023 | finance.yahoo.com

Q2 2024 Dycom Industries Inc Earnings Call

August 23, 2023 | seekingalpha.com

Dycom acquires Bigham Cable Construction in Southeast U.S.

August 23, 2023 | msn.com

Dycom Amplifies Rural Broadband Service Via Bigham Deal; Plans New $150M Stock Buyback

August 23, 2023 | finanznachrichten.de

Dycom Industries Inc: Dycom Industries, Inc. Announces Fiscal 2024 Second Quarter Results

August 23, 2023 | marketwatch.com

Dycom Buys Telco Contractor Bigham Cable Construction in Southeast U.S.

August 23, 2023 | markets.businessinsider.com

Dycom Industries Q2 Net Income Rises; Contract Revenues Up 7.1%

August 21, 2023 | markets.businessinsider.com

4 Analysts Have This to Say About Dycom Industries

August 18, 2023 | finance.yahoo.com

Dycom (DY) Gears Up to Post Q2 Earnings: What's in Store?

August 17, 2023 | finance.yahoo.com

Why Earnings Season Could Be Great for Dycom (DY)

August 16, 2023 | finance.yahoo.com

Dycom Industries (DY) Earnings Expected to Grow: What to Know Ahead of Q2 Release

August 16, 2023 | finance.yahoo.com

Dycom Industries, Inc. to Host Fiscal 2024 Second Quarter Results Conference Call

See More Headlines

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DY Company Calendar

Last Earnings: 8/23/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/28/2023
Fiscal Year End: 1/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Water, sewer, & utility lines
Sub-Industry: Construction & Engineering
Sector: Construction
Current Symbol: NYSE:DY
CUSIP: 26747510
CIK: 67215
Web: www.dycomind.com
Phone: (561) 627-7171
Fax: 561-627-7709
Employees: 15,410
Year Founded: 1969

Price Target and Rating

Average Stock Price Forecast: $120.40
High Stock Price Forecast: $127.00
Low Stock Price Forecast: $111.00
Forecasted Upside/Downside: +32.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.83
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.39
Trailing P/E Ratio: 14.19
Forward P/E Ratio: 13.82
P/E Growth: N/A
Net Income: $142.21 million
Net Margins: 4.71%
Pretax Margin: 6.15%
Return on Equity: 20.89%
Return on Assets: 8.04%

Debt

Debt-to-Equity Ratio: 0.83
Current Ratio: 3.38
Quick Ratio: 3.13

Sales & Book Value

Annual Sales: $3.81 billion
Price / Sales: 0.70
Cash Flow: $9.60 per share
Price / Cash Flow: 9.45
Book Value: $32.87 per share
Price / Book: 2.76

Miscellaneous

Outstanding Shares: 29,330,000
Free Float: 28,066,000
Market Cap: $2.66 billion
Optionable: Optionable
Beta: 1.32

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Key Executives

Mr. Steven E. Nielsen (Age 60)
Chairman, Pres & CEO
Comp: $3.77M

Mr. H. Andrew DeFerrari (Age 54)
Sr. VP, CFO & Treasurer
Comp: $1.13M

Mr. Daniel S. Peyovich (Age 47)
Exec. VP & COO
Comp: $1.96M

Mr. Ryan F. Urness (Age 51)
VP, Gen. Counsel & Corp. Sec.
Comp: $931.88k

Mr. Jason T. Lawson (Age 52)
VP & Chief Human Resource Officer
Comp: $284.73k

Ms. Sharon R. Villaverde (Age 48)
VP & Chief Accounting Officer

Ms. Rebecca Brightly Roach (Age 48)
VP of Bus. Process

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DY Stock - Frequently Asked Questions

Should I buy or sell Dycom Industries stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dycom Industries in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DY shares.
View DY analyst ratings or view top-rated stocks.
What is Dycom Industries' stock price forecast for 2023?: 6 Wall Street analysts have issued 12-month target prices for Dycom Industries' shares. Their DY share price forecasts range from $111.00 to $127.00. On average, they predict the company's stock price to reach $120.40 in the next year. This suggests a possible upside of 32.8% from the stock's current price.
View analysts price targets for DY or view top-rated stocks among Wall Street analysts.
How have DY shares performed in 2023?: Dycom Industries' stock was trading at $93.60 at the start of the year. Since then, DY stock has decreased by 3.1% and is now trading at $90.69.
View the best growth stocks for 2023 here.
Are investors shorting Dycom Industries?: Dycom Industries saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,840,000 shares, a drop of 9.4% from the August 31st total of 2,030,000 shares. Based on an average daily volume of 301,300 shares, the short-interest ratio is currently 6.1 days. Currently, 6.5% of the company's shares are sold short.
View Dycom Industries' Short Interest.
When is Dycom Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our DY earnings forecast.
How were Dycom Industries' earnings last quarter?: Dycom Industries, Inc. (NYSE:DY) released its quarterly earnings data on Wednesday, August, 23rd. The construction company reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.66 by $0.37. The construction company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Dycom Industries had a trailing twelve-month return on equity of 20.89% and a net margin of 4.71%. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.46 EPS.
What ETFs hold Dycom Industries' stock?: ETFs with the largest weight of Dycom Industries (NYSE:DY) stock in their portfolio include First Trust RBA American Industrial Renaissance ETF (AIRR), Invesco S&P SmallCap Industrials ETF (PSCI), Fidelity Disruptive Communications ETF (FDCF), SPDR S&P 600 Small Cap ETF (SLY) and Vanguard S&P Small-Cap 600 ETF (VIOO).Schwab Fundamental U.S. Small Company Index ETF (FNDA) and
What is Steven E. Nielsen's approval rating as Dycom Industries' CEO?: 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.

What other stocks do shareholders of Dycom Industries own?: 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).
What is Dycom Industries' stock symbol?: Dycom Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "DY."
Who are Dycom Industries' major shareholders?: Dycom Industries' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.55%), Alliancebernstein L.P. (6.58%), Principal Financial Group Inc. (3.75%), Dimensional Fund Advisors LP (3.66%), State Street Corp (3.52%) and Aristotle Capital Boston LLC (2.47%). Insiders that own company stock include Dwight B Duke, H Andrew Deferrari, Patricia Higgins, Richard K Sykes, Ryan F Urness, Sharon Villaverde, Steven E Nielsen and Timothy R Estes.
View institutional ownership trends.
How do I buy shares of Dycom Industries?: Shares of DY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Dycom Industries' stock price today?: One share of DY stock can currently be purchased for approximately $90.69.
How much money does Dycom Industries make?: Dycom Industries (NYSE:DY) has a market capitalization of $2.66 billion and generates $3.81 billion in revenue each year. The construction company earns $142.21 million in net income (profit) each year or $6.39 on an earnings per share basis.
How many employees does Dycom Industries have?: The company employs 15,410 workers across the globe.
Does Dycom Industries have any subsidiaries?: The following companies are subsidiares of Dycom Industries: Ansco & Associates LLC, Arguss Communications Inc, Blair Park Services LLC, Broadband Express LLC, C-2 Utility Contractors LLC, CABLECOM LLC, CableCom LLC, Cavo Broadband Communications LLC, CertusView Technologies LLC, Communications Construction Group LLC, Dycom Capital Management Inc., Dycom Corporate Identity Inc., Dycom Identity LLC, Dycom Investments Inc., Engineering Associates LLC, Ervin Cable Construction LLC, Fiber Technologies Solutions LLC, Globe Communications LLC, Golden State Utility Co., Goodman Networks Inc, Installation Technicians Inc, Ivy H. Smith Company LLC, Kanaan Communications LLC, Lambert’s Cable Splicing Company LLC, Locating Inc., NeoCom Solutions, NeoCom Solutions LLC, Nichols Construction LLC, Niels Fugal Sons Company LLC, North Sky Communications LLC, Parkside Site & Utility Company Corporation, Parkside Utility Construction LLC, Pauley Construction LLC, Point To Point Communications, Precision Valley Communications of Vermont LLC, Prince Telecom Inc., Prince Telecom LLC, Professional Teleconcepts LLC, RJE Telecom LLC, Sage Telecommunications Corp. of Colorado LLC, Star Construction LLC, TCS Communications LLC, TelCom Construction, TelCom Construction LLC, Tesinc LLC, Texstar Enterprises LLC, Tjader & Highstrom Utility Services LLC, Trawick Construction Company LLC, Triple-D Communications LLC, UtiliQuest LLC, UtiliQuest LLC, VCI Construction LLC, VCI Utility Services LLC, and White Mountain Cable Construction LLC.
Read More
How can I contact Dycom Industries?: Dycom Industries' mailing address is 11780 U.S. HIGHWAY 1 SUITE 600, PALM BEACH GARDENS FL, 33408. The official website for the company is www.dycomind.com. The construction company can be reached via phone at (561) 627-7171, via email at investorrelations@dycomind.com, or via fax at 561-627-7709.

This page (NYSE:DY) was last updated on 9/28/2023 by MarketBeat.com Staff

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Dycom Industries (DY) Stock Forecast, Price & News

Dycom Industries MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Dycom Industries (NYSE:DY) Stock

DY Price History

DY Stock News Headlines

DY Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

DY Stock - Frequently Asked Questions

Overall MarketRank^™