Dycom Industries Stock Price, News & Analysis (NYSE:DY)

7 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, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DY shares.
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7 brokerages have issued 1-year price objectives for Dycom Industries' stock. Their DY share price targets range from $101.00 to $127.00. On average, they anticipate the company's share price to reach $119.50 in the next year. This suggests a possible upside of 9.9% from the stock's current price.
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Dycom Industries' stock was trading at $93.60 at the beginning of 2023. Since then, DY stock has increased by 16.2% and is now trading at $108.74.
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Dycom Industries saw a decline in short interest in October. As of October 31st, there was short interest totaling 1,690,000 shares, a decline of 11.5% from the October 15th total of 1,910,000 shares. Based on an average daily volume of 294,400 shares, the days-to-cover ratio is presently 5.7 days. Currently, 6.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
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Dycom Industries, Inc. (NYSE:DY) released its earnings results on Tuesday, November, 21st. The construction company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $1.07. The construction company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.07 billion. Dycom Industries had a trailing twelve-month return on equity of 23.29% and a net margin of 5.32%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.69 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' stock is owned by a variety of institutional and retail investors. Top institutional investors include Peconic Partners LLC (11.06%), Principal Financial Group Inc. (3.56%), FMR LLC (2.30%), Charles Schwab Investment Management Inc. (1.37%), Neumeier Poma Investment Counsel LLC (1.26%) and Bank of New York Mellon Corp (1.23%). Insiders that own company stock include Dwight B Duke, H Andrew Deferrari, Jason T Lawson, Patricia Higgins, Richard K Sykes, Ryan F Urness, Sharon Villaverde, Steven E Nielsen and Timothy R Estes.
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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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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