NYSE:DYDycom Industries Stock Price, Forecast & News

Dycom Industries' stock was trading at $18.04 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, DY stock has increased by 113.5% and is now trading at $38.51. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for Dycom Industries.

Dycom Industries is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020. View our earnings forecast for Dycom Industries.

Dycom Industries, Inc. (NYSE:DY) posted its earnings results on Tuesday, May, 19th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.42. The construction company earned $814.30 million during the quarter, compared to analyst estimates of $747.03 million. Dycom Industries had a return on equity of 7.78% and a net margin of 0.32%. The business'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 has approved a stock repurchase plan on Wednesday, August 29th 2018, which permits the company to buyback $150,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 6.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

8 equities research analysts have issued twelve-month target prices 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 twelve months. This suggests a possible upside of 19.2% from the stock's current price. View analysts' price targets for Dycom Industries.

News stories about DY stock have trended very negative on Monday, according to InfoTrie. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. 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 -3.2 on InfoTrie's scale. They also assigned news stories about the construction company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Dycom Industries.

Dycom Industries saw a decrease in short interest in 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 short-interest ratio is presently 3.9 days. Approximately 8.8% of the company's stock 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), Fluor Co. (NEW) (FLR), Comfort Systems USA (FIX), Ameresco (AMRC), Granite Construction (GVA), Primoris Services (PRIM), Argan (AGX), Tutor Perini (TPC), Great Lakes Dredge & Dock (GLDD) and MYR Group (MYRG). View all competitors.

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 a variety of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.09%). 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 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.

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 $38.51.

Dycom Industries has a market capitalization of $1.22 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]