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 (WHO). Since then, DY shares have increased by 121.8% and is now trading at $40.01. 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) released its quarterly earnings results on Tuesday, May, 19th. The construction company reported $0.36 EPS for the quarter, beating 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 business's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. View Dycom Industries' earnings history.

Dycom Industries announced that its board has approved a stock 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 stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

8 brokers have issued twelve-month price targets for Dycom Industries' shares. Their forecasts range from $35.00 to $52.50. On average, they expect Dycom Industries' stock price to reach $45.92 in the next year. This suggests a possible upside of 14.8% from the stock's current price. View analysts' price targets for Dycom Industries.

Headlines about DY stock have been trending somewhat negative on Tuesday, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Dycom Industries earned a media sentiment score of -1.5 on InfoTrie's scale. They also gave news 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 impact on the company's share price in the near 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 trading volume of 673,200 shares, the days-to-cover ratio is presently 3.9 days. Approximately 8.8% of the company's stock are short sold. 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 number of retail and institutional investors. Top institutional shareholders include Scout Investments Inc. (0.35%), Envestnet Asset Management Inc. (0.09%) and Louisiana State Employees Retirement System (0.02%). 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., 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 purchased by a variety of institutional investors in the last quarter, including Louisiana State Employees 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 $40.01.

Dycom Industries has a market capitalization of $1.27 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]