NYSE:DYDycom Industries Stock Price, Forecast & News

Dycom Industries' stock was trading at $18.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DY stock has increased by 159.6% and is now trading at $46.83.
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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) released its quarterly earnings results on Tuesday, May, 19th. The construction company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.06) by $0.42. The construction company earned $814.30 million during the quarter, compared to the consensus estimate of $747.03 million. Dycom Industries had a net margin of 0.32% and a return on equity of 7.78%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share.
View Dycom Industries' earnings history.

Dycom Industries announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 29th 2018, which authorizes the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 6.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

8 analysts have issued twelve-month price objectives for Dycom Industries' stock. Their forecasts range from $35.00 to $52.50. On average, they anticipate Dycom Industries' share price to reach $45.92 in the next year. This suggests that the stock has a possible downside of 2.0%.
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News stories about DY stock have been trending somewhat positive on Wednesday, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Dycom Industries earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave media coverage about the construction company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
View the latest news about Dycom Industries.

Dycom Industries saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 4,030,000 shares, an increase of 19.9% from the January 15th total of 3,360,000 shares. Based on an average trading volume of 376,400 shares, the short-interest ratio is presently 10.7 days. Approximately 13.4% of the shares of the stock are short sold.
View Dycom Industries' Short Interest.

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

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 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%), Principal Financial Group Inc. (0.30%) and Swiss National Bank (0.22%). 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 Macquarie Group Ltd., Oppenheimer Asset Management Inc., Fifth Third Bancorp, EULAV Asset Management, New York State Common Retirement Fund, Sigma Planning Corp, US Bancorp DE, and Envestnet Asset Management 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, Trexquant Investment LP, SG Americas Securities LLC, Smith Graham & Co. Investment Advisors LP, Swiss National Bank, Chartwell Investment Partners LLC, Louisiana State Employees Retirement System, and First Hawaiian Bank.
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 $46.83.

Dycom Industries has a market capitalization of $1.48 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]