Dycom Industries, Inc (NYSE: DY) is 59.21% higher on its value in year-to-date trading and has touched a low of $96.50 and a high of $207.20 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 $176.56 in the last trading session, with the day’s gains setting it 6.68%.
Currently trading at $183.24, the stock is -0.64% and -3.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 3.78% at the moment leaves the stock 10.72% off its SMA200. DY registered 80.21% gain for a year compared to 6-month gain of 3.40%. The firm has a 50-day simple moving average (SMA 50) of $189.3852 and a 200-day simple moving average (SMA200) of $165.16995.
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The stock witnessed a -5.92% loss in the last 1 month and extending the period to 3 months gives it a 1.73%, and is -0.77% down 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 6.91% over the week and 5.27% over the month.
Dycom Industries, Inc (DY) has around 15611 employees, a market worth around $5.33B and $4.57B in sales. Current P/E ratio is 24.11 and Fwd P/E is 19.61. Profit margin for the company is 4.91%. Distance from 52-week low is 89.89% and -11.56% from its 52-week high. The company has generated returns on investments over the last 12 months (9.34%).
The EPS is expected to grow by 11.10% this year
464.0 institutions hold shares in Dycom Industries, Inc (DY), with institutional investors hold 100.73% of the company’s shares. The shares outstanding are 29.09M, and float is at 28.04M with Short Float at 3.19%. Institutions hold 96.93% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.48 million shares valued at $756.5 million. The investor’s holdings represent 15.3972 of the DY Shares outstanding. As of 2024-06-30, the second largest holder is PECONIC PARTNERS LLC with 3.63 million shares valued at $612.2 million to account for 12.4602 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.14 million shares representing 10.7912 and valued at over $530.2 million, while MILLENNIUM MANAGEMENT LLC holds 5.6037 of the shares totaling 1.63 million with a market value of $275.32 million.
Dycom Industries, Inc (DY) Insider Activity
The most recent transaction is an insider sale by Lawson Jason T, the company’s VP and CHRO. SEC filings show that Lawson Jason T sold 856 shares of the company’s common stock on Jul 11 ’24 at a price of $174.48 per share for a total of $0.15 million. Following the sale, the insider now owns 6937.0 shares.
Dycom Industries, Inc disclosed in a document filed with the SEC on Apr 01 ’24 that Lawson Jason T (VP and CHRO) sold a total of 220 shares of the company’s common stock. The trade occurred on Apr 01 ’24 and was made at $140.27 per share for $30859.0. Following the transaction, the insider now directly holds 7793.0 shares of the DY stock.
Still, SEC filings show that on Nov 24 ’23, VILLAVERDE SHARON (VP & Chief Accounting Officer) disposed off 2,268 shares at an average price of $102.10 for $0.23 million. The insider now directly holds 6,524 shares of Dycom Industries, Inc (DY).
