NYSE:DYDycom Industries Stock Price, Forecast & News

Dycom Industries' stock was trading at $18.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DY stock has increased by 142.5% and is now trading at $43.74.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dycom Industries in the last year. There are currently 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Dycom Industries is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020.
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Dycom Industries, Inc. (NYSE:DY) announced its quarterly earnings results on Tuesday, May, 19th. The construction company reported $0.36 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.06) by $0.42. The construction company had revenue of $814.30 million for the quarter, compared to the consensus estimate of $747.03 million. Dycom Industries had a return on equity of 7.78% and a net margin of 0.32%. The company's revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS.
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Dycom Industries announced that its Board of Directors has authorized a share buyback program on Wednesday, August 29th 2018, which allows the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 6.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its stock is undervalued.

8 brokerages have issued 12 month price objectives for Dycom Industries' stock. Their forecasts range from $35.00 to $52.50. On average, they anticipate Dycom Industries' stock price to reach $45.92 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
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Media coverage about DY stock has been trending somewhat negative recently, InfoTrie reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Dycom Industries earned a media sentiment score of -1.7 on InfoTrie's scale. They also gave media stories about the construction company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about Dycom Industries.

Dycom Industries saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,640,000 shares, a decrease of 9.9% from the June 15th total of 2,930,000 shares. Based on an average daily trading volume, of 673,200 shares, the days-to-cover ratio is presently 3.9 days. Currently, 8.8% of the company's shares are sold short.
View Dycom Industries' Current Options Chain.

Some companies that are related to Dycom Industries include Jacobs Engineering Group (JEC), Aecom (ACM), Quanta Services (PWR), Emcor Group (EME), KBR (KBR), MasTec (MTZ), Comfort Systems USA (FIX), Fluor Co. (NEW) (FLR), Ameresco (AMRC), Primoris Services (PRIM), Granite Construction (GVA), Argan (AGX), Tutor Perini (TPC), MYR Group (MYRG) and Great Lakes Dredge & Dock (GLDD).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Dycom Industries investors own include Broadcom (AVGO), Gilead Sciences (GILD), Walt Disney (DIS), NVIDIA (NVDA), QUALCOMM (QCOM), AbbVie (ABBV), Bank of America (BAC), Intel (INTC), Micron Technology (MU) and Starbucks (SBUX).

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

Dycom Industries' stock is owned by many different institutional and retail investors. Top institutional investors include Chartwell Investment Partners LLC (0.93%), Smith Graham & Co. Investment Advisors LP (0.85%), Peregrine Capital Management LLC (0.81%), Scout Investments Inc. (0.35%), New York State Teachers Retirement System (0.20%) and First Trust Advisors LP (0.17%). Company insiders that own Dycom Industries stock include Patricia Higgins and Steven E Nielsen.
View institutional ownership trends for Dycom Industries.

DY stock was sold by a variety of institutional investors in the last quarter, including Sigma Planning Corp, Envestnet Asset Management Inc., First Trust Advisors LP, Howe & Rusling Inc., and Scout Investments Inc.. Company insiders that have sold Dycom Industries company stock in the last year include Patricia Higgins, and Steven E Nielsen.
View insider buying and selling activity for Dycom Industries.

DY stock was bought by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, SG Americas Securities LLC, Smith Graham & Co. Investment Advisors LP, Chartwell Investment Partners LLC, Louisiana State Employees Retirement System, ProShare Advisors LLC, BBVA USA Bancshares Inc., and New York State Teachers Retirement System.
View insider buying and selling activity for Dycom Industries.

Shares of DY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of DY stock can currently be purchased for approximately $43.74.

Dycom Industries has a market capitalization of $1.38 billion and generates $3.34 billion in revenue each year. The construction company earns $57.22 million in net income (profit) each year or $2.27 on an earnings per share basis. Dycom Industries employs 15,230 workers across the globe.

The official website for Dycom Industries is www.dycomind.com.

Dycom Industries' mailing address is 11780 U.S. HIGHWAY 1 SUITE 600, PALM BEACH GARDENS FL, 33408. The construction company can be reached via phone at 561-627-7171 or via email at [email protected]