Dycom Industries, Inc. (NYSE: DY) is 24.71% higher on its value in year-to-date trading and has touched a low of $78.42 and a high of $146.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DY stock was last observed hovering at around $143.65 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $143.53, the stock is 3.73% and 14.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -0.08% at the moment leaves the stock 35.77% off its SMA200. DY registered 49.79% gain for a year compared to 6-month gain of 58.40%. The firm has a 50-day simple moving average (SMA 50) of $1.19 and a 200-day simple moving average (SMA200) of $9.77.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 13.40% loss in the last 1 month and extending the period to 3 months gives it a 24.03%, and is 1.10% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 2.61% over the month.
Dycom Industries, Inc. (DY) has around 15611 employees, a market worth around $4.18B and $4.18B in sales. Current P/E ratio is 19.47 and Fwd P/E is 16.27. Profit margin for the company is 5.24%. Distance from 52-week low is 83.03% and -1.91% from its 52-week high. The company has generated returns on investments over the last 12 months (11.58%).
Dycom Industries, Inc. quarterly earnings per share for the current quarter are estimated at $1.51 with sales reaching $1.09B over the same period.The EPS is expected to grow by 6.39% this year, but quarterly earnings will post 8.30% year-over-year. Quarterly sales are estimated to grow 16.30% in year-over-year returns.
365 institutions hold shares in Dycom Industries, Inc. (DY), with institutional investors hold 103.03% of the company’s shares. The shares outstanding are 29.09M, and float is at 28.07M with Short Float at 5.89%. Institutions hold 99.17% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 4.56 million shares valued at $518.34 million. The investor’s holdings represent 15.55% of the DY Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.16 million shares valued at $358.76 million to account for 10.76% of the shares outstanding. The other top investors are Peconic Partners, LLC which holds 3.15 million shares representing 10.75% and valued at over $358.33 million, while Alliancebernstein L.P. holds 6.58% of the shares totaling 1.93 million with a market value of $219.32 million.
Dycom Industries, Inc. (DY) Insider Activity
The most recent transaction is an insider sale by VILLAVERDE SHARON, the company’s VP & Chief Accounting Officer. SEC filings show that VILLAVERDE SHARON sold 2,268 shares of the company’s common stock on Nov 24 ’23 at a price of $102.10 per share for a total of $0.23 million. Following the sale, the insider now owns 6524.0 shares.
Dycom Industries, Inc. disclosed in a document filed with the SEC on Oct 11 ’23 that Lawson Jason T (VP and CHRO) sold a total of 618 shares of the company’s common stock. The trade occurred on Oct 11 ’23 and was made at $88.37 per share for $54612.0. Following the transaction, the insider now directly holds 5205.0 shares of the DY stock.
Still, SEC filings show that on Mar 30 ’23, DeFerrari H Andrew (Sr. VP & CFO) disposed off 10,282 shares at an average price of $94.11 for $0.97 million. The insider now directly holds 148,425 shares of Dycom Industries, Inc. (DY).
