Dycom Industries (DY) Stock Forecast, Price & News

6 Wall Street 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 research analysts is that investors should "moderate buy" DY shares.
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6 brokers have issued twelve-month price objectives for Dycom Industries' stock. Their DY share price forecasts range from $111.00 to $127.00. On average, they expect the company's share price to reach $120.40 in the next year. This suggests a possible upside of 31.2% from the stock's current price.
View analysts price targets for DY or view top-rated stocks among Wall Street analysts.

Dycom Industries' stock was trading at $93.60 on January 1st, 2023. Since then, DY shares have decreased by 1.9% and is now trading at $91.78.
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Dycom Industries saw a increase in short interest in August. As of August 31st, there was short interest totaling 2,030,000 shares, an increase of 10.3% from the August 15th total of 1,840,000 shares. Based on an average trading volume of 306,500 shares, the short-interest ratio is presently 6.6 days. Currently, 7.2% of the company's stock are sold short.
View Dycom Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our DY earnings forecast.

Dycom Industries, Inc. (NYSE:DY) released its quarterly earnings data on Wednesday, August, 23rd. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.37. The construction company earned $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Dycom Industries had a net margin of 4.71% and a trailing twelve-month return on equity of 20.89%. Dycom Industries's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $1.46 earnings per share.

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

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "DY."

Dycom Industries' stock is owned by many different retail and institutional 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.

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.
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One share of DY stock can currently be purchased for approximately $91.78.

Dycom Industries (NYSE:DY) has a market capitalization of $2.69 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.

The company employs 15,410 workers across the globe.

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.