Dycom Industries - DY Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dycom Industries in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DY shares.
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3 Wall Street analysts have issued 1 year price targets for Dycom Industries' stock. Their DY share price forecasts range from $110.00 to $145.00. On average, they predict the company's stock price to reach $124.00 in the next twelve months. This suggests a possible upside of 39.8% 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 decreased by 5.2% and is now trading at $88.70.
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Dycom Industries saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 1,160,000 shares, a decline of 12.1% from the December 31st total of 1,320,000 shares. Based on an average daily volume of 413,300 shares, the days-to-cover ratio is currently 2.8 days. Currently, 4.1% of the company's shares are sold short.
View Dycom Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
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Dycom Industries, Inc. (NYSE:DY) released its earnings results on Tuesday, November, 22nd. The construction company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.41. The construction company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $974.11 million. Dycom Industries had a net margin of 3.24% and a trailing twelve-month return on equity of 13.96%.

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 a variety of retail and institutional investors. Top institutional shareholders include Smith Graham & Co. Investment Advisors LP (0.47%), Peregrine Capital Management LLC (0.37%), Scout Investments Inc. (0.36%), Assenagon Asset Management S.A. (0.26%), Pinnacle Associates Ltd. (0.23%) and Pinnacle Associates Ltd. (0.23%). Insiders that own company stock include Dwight B Duke, Patricia Higgins, Richard K Sykes, 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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One share of DY stock can currently be purchased for approximately $88.70.

Dycom Industries (NYSE:DY) has a market capitalization of $2.61 billion and generates $3.13 billion in revenue each year. The construction company earns $48.57 million in net income (profit) each year or $3.94 on an earnings per share basis.

The company employs 15,024 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.