Dycom Industries (DY) Stock Price, News & Analysis

Company Overview

Dycom Industries, Inc. provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel. It also provides construction, maintenance, and installation services for telephone companies and cable multiple system operators, such as placement and splicing of copper, fiber, and coaxial cables; 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; underground facility locating services comprising locating telephone, cable television, power, water, sewer, and gas lines; installation and maintenance of customer premise equipment, including digital video recorders, set top boxes, and modems for cable system operators; and construction and maintenance services for electric and gas utilities, and other customers. Dycom Industries, Inc. was incorporated in 1969 and is headquartered in Palm Beach Gardens, Florida.

Key Stats

• Today's Range: $171.68 to $175.21
• 50-Day Range: $168.30 to $202.79
• 52-Week Range: $107.53 to $207.20
• Volume: 604,780 shs
• Average Volume: 318,090 shs
• Market Capitalization: $5.10 billion
• P/E Ratio: 22.98
• Dividend Yield: N/A
• Price Target: $206.13
• Consensus Rating: Buy

Dycom Industries Stock Analysis - MarketRank™

Dycom Industries scored higher than 86% of companies evaluated by MarketBeat, and ranked 38th out of 100 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.6 / 5
• Analyst Rating: Buy

Consensus Rating

Dycom Industries has received a consensus rating of Buy. The company's average rating score is 3.13, and is based on 7 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Dycom Industries has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 12.67%

Earnings Growth

Earnings for Dycom Industries are expected to grow by 12.67% in the coming year, from $8.13 to $9.16 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Dycom Industries is 22.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Dycom Industries is 22.98, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 27.69.

Price to Earnings Growth Ratio

Dycom Industries has a PEG Ratio of 1.45. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Dycom Industries has a P/B Ratio of 4.13. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.84% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Dycom Industries has recently increased by 6.93%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Dycom Industries does not currently pay a dividend.

Dividend Growth

Dycom Industries does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.6 / 5
• Environmental Score: -2.01

Percentage of Shares Shorted

3.84% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Dycom Industries has recently increased by 6.93%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.14

News Sentiment

Dycom Industries has a news sentiment score of 1.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Dycom Industries this week, compared to 6 articles on an average week.

Search Interest

Only 4 people have searched for DY on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Dycom Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Dycom Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $74,437.00 in company stock.

Percentage Held by Insiders

Only 4.28% of the stock of Dycom Industries is held by insiders.

Percentage Held by Institutions

98.33% of the stock of Dycom Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DY Stock Analysis - Frequently Asked Questions

How have DY shares performed this year?

Dycom Industries' stock was trading at $115.09 at the beginning of 2024. Since then, DY shares have increased by 51.7% and is now trading at $174.63.
View the best growth stocks for 2024 here.

How were Dycom Industries' earnings last quarter?

Dycom Industries, Inc. (NYSE:DY) posted its quarterly earnings data on Wednesday, August, 21st. The construction company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.20. The company's quarterly revenue was up 15.5% on a year-over-year basis.

Does Dycom Industries have any subsidiaries?

Dycom Industries subsidiaries include Goodman Networks Inc, TelCom Construction, NeoCom Solutions, Arguss Communications Inc, CABLECOM LLC, Prince Telecom Inc., UtiliQuest LLC, and others.

Who are Dycom Industries' major shareholders?

Dycom Industries' top institutional investors include State Street Corp (3.98%), FMR LLC (2.66%), Hill City Capital LP (2.34%) and Principal Financial Group Inc. (2.29%). Insiders that own company stock include Steven E Nielsen, H Andrew Deferrari, Dwight B Duke, Ryan F Urness, Richard K Sykes, Jennifer M Fritzsche, Jason T Lawson and Sharon Villaverde.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Dycom Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Dycom Industries investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), Palo Alto Networks (PANW) and Netflix (NFLX).

Company Calendar

• Last Earnings: 8/21/2024
• Today: 12/23/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Water, sewer, & utility lines
• Sub-Industry: Construction & Engineering
• Current Symbol: NYSE:DY
• CUSIP: 26747510
• CIK: 67215
• Web: www.dycomind.com
• Phone: (561) 627-7171
• Fax: 561-627-7709
• Employees: 15,611
• Year Founded: 1969

Price Target and Rating

• Average Stock Price Target: $206.13
• High Stock Price Target: $227.00
• Low Stock Price Target: $190.00
• Potential Upside/Downside: +18.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.13
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.60
• Trailing P/E Ratio: 22.94
• Forward P/E Ratio: 21.44
• P/E Growth: 1.45
• Net Income: $218.92 million
• Net Margins: 4.91%
• Pretax Margin: 6.46%
• Return on Equity: 20.99%
• Return on Assets: 8.62%

Debt

• Debt-to-Equity Ratio: 0.89
• Current Ratio: 3.12
• Quick Ratio: 2.93

Sales & Book Value

• Annual Sales: $4.57 billion
• Price / Sales: 1.11
• Cash Flow: $12.87 per share
• Price / Cash Flow: 13.54
• Book Value: $42.28 per share
• Price / Book: 4.12

Miscellaneous

• Outstanding Shares: 29,176,000
• Free Float: 27,927,000
• Market Cap: $5.09 billion
• Optionable: Optionable
• Beta: 1.41