NYSE:DY

Dycom Industries - DY Stock Forecast, Price & News

$112.02

+0.65 (+0.58%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $111.17
▼
$112.82
50-Day Range: $83.60
▼
$112.02
52-Week Range: $64.77
▼
$112.82

Volume: 163,951 shs
Average Volume: 275,934 shs
Market Capitalization: $3.31 billion

P/E Ratio: 50.69
Dividend Yield: N/A
Price Target: $118.50

Dycom Industries MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 5.8% Upside
$118.50 Price Target
Short Interest: Bearish
4.94% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.77
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 51.52%
From $3.28 to $4.97 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.67 out of 5 stars

Construction Sector

94th out of 105 stocks

Water, Sewer, & Utility Lines Industry

6th out of 6 stocks

1.5

Analyst's Opinion

Consensus Rating
Dycom Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $118.50, Dycom Industries has a forecasted upside of 5.8% from its current price of $112.02.
Amount of Analyst Coverage
Dycom Industries has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.94% of the float of Dycom Industries has been sold short.
Short Interest Ratio / Days to Cover
Dycom Industries has a short interest ratio ("days to cover") of 5.5.
Change versus previous month

0.0

Dividend Strength

Dividend Yield
Dycom Industries does not currently pay a dividend.
Dividend Growth
Dycom Industries does not have a long track record of dividend growth.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Dycom Industries has received a 27.20% net impact score from Upright. Dycom Industries seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Telecommunications network installation for wireless connections", "Telecommunications network engineering for mobile connections", "Telecommunications network engineering for fixed connections", "Construction of underground coaxial cable lines", and "Construction of landline telephony lines" products. See details.
Environmental Sustainability
The Environmental Impact score for Dycom Industries is -1.77.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Dycom Industries this week, compared to 1 article on an average week.
Search Interest
Only 3 people have searched for DY on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
6 people have added Dycom Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Dycom Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.32% of the stock of Dycom Industries is held by insiders.
Percentage Held by Institutions
92.89% of the stock of Dycom Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Dycom Industries are expected to grow by 51.52% in the coming year, from $3.28 to $4.97 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Dycom Industries is 50.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Dycom Industries is 50.69, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 13.79.
Price to Book Value per Share Ratio
Dycom Industries has a P/B Ratio of 4.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Dycom Industries (NYSE:DY) Stock

Dycom Industries, Inc. provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems; and construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It also provides tower construction, lines and antenna installation, foundation and equipment pad construction, and small cell site placement for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable system operators. In addition, the company offers construction and maintenance services for electric and gas utilities, and other customers; and underground facility locating services, such as locating telephone, cable television, power, water, sewer, and gas lines for various utility companies, including telecommunication providers. Dycom Industries, Inc. was incorporated in 1969 and is headquartered in Palm Beach Gardens, Florida.

Analysts Set New Price Targets

DY has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their target price on Dycom Industries from $120.00 to $110.00 in a report on Wednesday, May 11th. TheStreet raised Dycom Industries from a "c+" rating to a "b" rating in a report on Friday, May 27th. Finally, DA Davidson upped their target price on Dycom Industries from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 26th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $118.50.

Dycom Industries Price Performance

NYSE:DY traded up $0.75 during trading on Tuesday, hitting $112.12. 3,644 shares of the stock traded hands, compared to its average volume of 276,197. The company has a market capitalization of $3.31 billion, a P/E ratio of 51.00 and a beta of 1.43. The firm has a 50-day simple moving average of $97.16 and a 200-day simple moving average of $92.75. The company has a quick ratio of 3.22, a current ratio of 3.46 and a debt-to-equity ratio of 1.08. Dycom Industries has a 12-month low of $64.77 and a 12-month high of $112.14.

Dycom Industries (NYSE:DY - Get Rating) last announced its earnings results on Wednesday, May 25th. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.40. The business had revenue of $876.30 million during the quarter, compared to analyst estimates of $779.43 million. Dycom Industries had a return on equity of 8.17% and a net margin of 2.05%. As a group, analysts predict that Dycom Industries will post 3.28 EPS for the current year.

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DY Stock News Headlines

July 27, 2022 | finance.yahoo.com

Dycom Boost Seen From AT&T Fiber-Optic Push, Government Subsidies For Rural Areas

July 25, 2022 | finance.yahoo.com

Dycom Industries (DY) Is Attractively Priced Despite Fast-paced Momentum

July 25, 2022 | americanbankingnews.com

Dycom Industries, Inc. (NYSE:DY) Receives $118.50 Consensus Target Price from Analysts

July 20, 2022 | finance.yahoo.com

Dycom Industries (DY) Stock Jumps 4.3%: Will It Continue to Soar?

July 15, 2022 | finance.yahoo.com

Dycom Industries (DY) Is a Great Choice for "Trend" Investors, Here's Why

July 14, 2022 | finance.yahoo.com

KBR to Support Axiom Space for NASA's Next-Gen Spacesuit

July 5, 2022 | finance.yahoo.com

Dycom (DY) Up 29.4% in a Year Amid Supply Woes: Here's Why

June 24, 2022 | finance.yahoo.com

Dycom Industries (DY) Down 4.5% Since Last Earnings Report: Can It Rebound?

June 19, 2022 | finance.yahoo.com

Dycom Industries' (NYSE:DY) three-year total shareholder returns outpace the underlying earnings growth

June 16, 2022 | nasdaq.com

DY Makes Notable Cross Below Critical Moving Average

May 26, 2022 | finance.yahoo.com

Dycom (DY) Q1 Earnings Beat, Stock Up on Solid Organic Growth

May 26, 2022 | finance.yahoo.com

Dycom (DY) Q1 Earnings Beat, Stock Up on Solid Organic Growth

May 26, 2022 | finance.yahoo.com

Dycom Industries, Inc. to Participate in Upcoming Investor Conferences

May 26, 2022 | finance.yahoo.com

Dycom Industries, Inc. to Participate in Upcoming Investor Conferences

May 26, 2022 | seekingalpha.com

What To Do After Dycom Industries Ripped 17.45% Higher

May 25, 2022 | finance.yahoo.com

Dycom Industries (DY) Q1 Earnings and Revenues Beat Estimates

May 25, 2022 | za.investing.com

Dycom Industries Misses Q1 EPS by 20c

May 25, 2022 | markets.businessinsider.com

Dycom Q1 Adj. EBITDA Rises; Contract Revenues Up 21.1% Organically

May 25, 2022 | finance.yahoo.com

Dycom Industries, Inc. Announces Fiscal 2023 First Quarter Results

May 24, 2022 | seekingalpha.com

Dycom Industries Q1 2023 Earnings Preview

May 20, 2022 | finance.yahoo.com

A Look At The Intrinsic Value Of Dycom Industries, Inc. (NYSE:DY)

May 18, 2022 | finance.yahoo.com

Dycom Industries, Inc. to Host Fiscal 2023 First Quarter Results Conference Call

May 5, 2022 | nasdaq.com

Dycom Industries Enters Oversold Territory (DY)

April 1, 2022 | finance.yahoo.com

Why Is Dycom Industries (DY) Up 6.1% Since Last Earnings Report?

March 30, 2022 | marketwatch.com

Dycom Industries DY Trading Report

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30 days | 90 days | 365 days | Advanced Chart

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DY Company Calendar

Last Earnings: 5/25/2022
Today: 8/17/2022
Next Earnings (Estimated): 9/07/2022
Fiscal Year End: 1/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Water, sewer, & utility lines
Sub-Industry: Construction & Engineering
Sector: Construction
Current Symbol: NYSE:DY
CUSIP: 26747510
CIK: 67215
Web: www.dycomind.com
Phone: (561) 627-7171
Fax: 561-627-7709
Employees: 15,024
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $118.50
High Stock Price Forecast: $125.00
Low Stock Price Forecast: $110.00
Forecasted Upside/Downside: +5.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.21
Trailing P/E Ratio: 50.69
Forward P/E Ratio: 34.15
P/E Growth: N/A
Net Income: $48.57 million
Net Margins: 2.05%
Pretax Margin: 2.28%
Return on Equity: 8.17%
Return on Assets: 2.92%

Debt

Debt-to-Equity Ratio: 1.08
Current Ratio: 3.46
Quick Ratio: 3.22

Sales & Book Value

Annual Sales: $3.13 billion
Price / Sales: 1.06
Cash Flow: $6.80 per share
Price / Cash Flow: 16.47
Book Value: $25.13 per share
Price / Book: 4.46

Miscellaneous

Outstanding Shares: 29,550,000
Free Float: 28,275,000
Market Cap: $3.31 billion
Optionable: Optionable
Beta: 1.43

Key Executives

Mr. Steven E. Nielsen (Age 59)
Chairman, Pres & CEO
Comp: $1.85M
Mr. H. Andrew DeFerrari (Age 53)
Sr. VP, CFO & Treasurer
Comp: $839.08k
Mr. Daniel S. Peyovich (Age 46)
Exec. VP & COO
Comp: $1.49M
Mr. Ryan F. Urness (Age 50)
VP, Gen. Counsel & Corp. Sec.
Comp: $689.53k
Ms. Sharon R. Villaverde (Age 47)
VP & Chief Accounting Officer
Ms. Rebecca Brightly Roach (Age 47)
VP of Bus. Process

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DY Stock - Frequently Asked Questions

Should I buy or sell Dycom Industries stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dycom Industries in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DY shares.
View DY analyst ratings or view top-rated stocks.
What is Dycom Industries' stock price forecast for 2022?: 6 analysts have issued twelve-month price targets for Dycom Industries' stock. Their DY share price forecasts range from $110.00 to $125.00. On average, they anticipate the company's share price to reach $118.50 in the next year. This suggests a possible upside of 5.8% from the stock's current price.
View analysts price targets for DY or view top-rated stocks among Wall Street analysts.
How have DY shares performed in 2022?: Dycom Industries' stock was trading at $93.76 at the beginning of the year. Since then, DY stock has increased by 19.5% and is now trading at $112.02.
View the best growth stocks for 2022 here.
When is Dycom Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022.
View our DY earnings forecast.
How were Dycom Industries' earnings last quarter?: Dycom Industries, Inc. (NYSE:DY) released its earnings results on Wednesday, May, 25th. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.40. The construction company earned $876.30 million during the quarter, compared to the consensus estimate of $779.43 million. Dycom Industries had a trailing twelve-month return on equity of 8.17% and a net margin of 2.05%.
What is Steven E. Nielsen's approval rating as Dycom Industries' CEO?: 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.

What other stocks do shareholders of Dycom Industries own?: 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).
What is Dycom Industries' stock symbol?: Dycom Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "DY."
Who are Dycom Industries' major shareholders?: Dycom Industries' stock is owned by many different institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (3.73%), State Street Corp (3.14%), Aristotle Capital Boston LLC (2.82%), FMR LLC (2.68%), Northern Trust Corp (1.61%) and Millennium Management LLC (1.01%). Insiders that own company stock include Patricia Higgins, Sharon Villaverde, Steven E Nielsen and Timothy R Estes.
View institutional ownership trends.
How do I buy shares of Dycom Industries?: 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.
Compare Top Brokerages Here.
What is Dycom Industries' stock price today?: One share of DY stock can currently be purchased for approximately $112.02.
How much money does Dycom Industries make?: Dycom Industries (NYSE:DY) has a market capitalization of $3.31 billion and generates $3.13 billion in revenue each year. The construction company earns $48.57 million in net income (profit) each year or $2.21 on an earnings per share basis.
How many employees does Dycom Industries have?: The company employs 15,024 workers across the globe.
How can I contact Dycom Industries?: 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.

This page (NYSE:DY) was last updated on 8/17/2022 by MarketBeat.com Staff

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Dycom Industries - DY Stock Forecast, Price & News

Dycom Industries MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Dycom Industries (NYSE:DY) Stock

Analysts Set New Price Targets

Dycom Industries Price Performance

DY Stock News Headlines

DY Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

DY Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™