Stocks of Dycom Industries Inc. (NYSE:DY) traded higher last session on Wall Street, down -2.73% to $96.53.
According to the data, Dycom Industries Inc. (NYSE:DY) has 8 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $145.00 and a low of $105.00, we find $125.00. Given the previous closing price of $99.24, this indicates a potential upside of 25.96 percent. DY stock price is now 4.69% away from the 50-day moving average and -2.38% away from the 200-day moving average. The market capitalization of the company currently stands at $2.92B.
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A total of 1 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $125.63 as their price target over the next twelve months.
With the price target reduced from $120 to $88, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Dycom Industries Inc. (NYSE: DY). On January 27, 2022, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $125, while ‘Wells Fargo’ rates the stock as ‘Overweight’.
In other news, Sykes Richard K, Director sold 2,000 shares of the company’s stock on Dec 21. The stock was sold for $184,700 at an average price of $92.35. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04, Director DUKE DWIGHT B sold 4,534 shares of the business’s stock. A total of $470,130 was realized by selling the stock at an average price of $103.69. This leaves the insider owning 39,139 shares of the company worth $3.78 million. Insiders disposed of 147,432 shares of company stock worth roughly $14.23 million over the past 1 year. A total of 3.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DY stock. A new stake in Dycom Industries Inc. shares was purchased by ALYESKA INVESTMENT GROUP, L.P. during the first quarter worth $16,316,000. CINCTIVE CAPITAL MANAGEMENT LP invested $9,452,000 in shares of DY during the first quarter. In the first quarter, KETTLE HILL CAPITAL MANAGEMENT, LLC acquired a new stake in Dycom Industries Inc. valued at approximately $7,865,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in DY for approximately $6,447,000. INTERVAL PARTNERS, LP purchased a new stake in DY valued at around $3,186,000 in the second quarter. In total, there are 374 active investors with 96.40% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $97.94 for Dycom Industries Inc. (NYSE: DY). During the past 12 months, Dycom Industries Inc. has had a low of $76.21 and a high of $122.12. As of last week, the company has a debt-to-equity ratio of 0.95, a current ratio of 3.20, and a quick ratio of 2.90. The fifty day moving average price for DY is $92.20 and a two-hundred day moving average price translates $98.88 for the stock.
The latest earnings results from Dycom Industries Inc. (NYSE: DY) was released for Oct, 2022. According to the Engineering & Construction Company, earnings per share came in at $1.8, beating analysts’ expectations of $1.32 by 0.48. This compares to $0.02 EPS in the same period last year. The net profit margin was 3.70% and return on equity was 17.30% for DY. The company reported revenue of $917.47 million for the quarter, compared to $761.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.48 percent. For the current quarter, analysts expect DY to generate $824.94M in revenue.
Dycom Industries Inc.(DY) Company Profile
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.
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