NYSE:DYDycom Industries Stock Price, Forecast & News

Dycom Industries' stock was trading at $18.04 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DY stock has increased by 147.3% and is now trading at $44.62.
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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) issued its 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 analyst estimates of $747.03 million. Dycom Industries had a net margin of 0.32% and a return on equity of 7.78%. The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $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 permits the company to buyback $150,000,000.00 in 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 typically a sign that the company's management believes its stock is undervalued.

8 equities research analysts have issued 12 month price targets for Dycom Industries' shares. Their forecasts range from $35.00 to $52.50. On average, they anticipate Dycom Industries' stock price to reach $45.92 in the next twelve months. This suggests a possible upside of 2.9% from the stock's current price.
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News headlines about DY stock have been trending extremely negative this week, InfoTrie reports. The research group rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Dycom Industries earned a news impact score of -4.6 on InfoTrie's scale. They also gave media headlines about the construction company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about Dycom Industries.

Dycom Industries saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,640,000 shares, a decline 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 currently 3.9 days. Currently, 8.8% of the company's shares are short sold.
View Dycom Industries' Current Options Chain.

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), 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 a number of 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 Fifth Third Bancorp, Sigma Planning Corp, Envestnet Asset Management Inc., First Trust Advisors LP, Texas Permanent School Fund, Howe & Rusling Inc., GW&K Investment Management LLC, 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 acquired 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, Swiss National Bank, Chartwell Investment Partners LLC, Louisiana State Employees Retirement System, First Hawaiian Bank, and Arizona State 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 $44.62.

Dycom Industries has a market capitalization of $1.41 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]