Dycom Industries, Inc (NYSE: DY) is 28.77% higher on its value in year-to-date trading and has touched a low of $131.37 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 $193.62 in the last trading session, with the day’s gains setting it 30.51%.
Currently trading at $224.13, the stock is 21.57% and 35.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing 15.76% at the moment leaves the stock 25.83% off its SMA200. DY registered 50.65% gain for a year compared to 6-month loss of 19.52%. The firm has a 50-day simple moving average (SMA 50) of $165.7432 and a 200-day simple moving average (SMA200) of $178.1214.
The stock witnessed a 44.97% gain in the last 1 month and extending the period to 3 months gives it a 30.66%, and is 15.91% 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 4.13% over the week and 3.23% over the month.
Dycom Industries, Inc (DY) has around 15623 employees, a market worth around $6.45B and $4.82B in sales. Current P/E ratio is 28.41 and Fwd P/E is 20.56. Profit margin for the company is 4.81%. Distance from 52-week low is 70.61% and 8.17% from its 52-week high. The company has generated returns on investments over the last 12 months (9.83%).
The EPS is expected to grow by 11.28% this year
466.0 institutions hold shares in Dycom Industries, Inc (DY), with institutional investors hold 105.81% of the company’s shares. The shares outstanding are 28.78M, and float is at 27.67M with Short Float at 2.70%. Institutions hold 101.79% 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 15.4065 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 12.4678 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.14 million shares representing 10.7978 and valued at over $530.2 million, while MILLENNIUM MANAGEMENT LLC holds 5.6071 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 Pruitt Peter T Jr, the company’s Director. SEC filings show that Pruitt Peter T Jr sold 2,900 shares of the company’s common stock on Jan 10 ’25 at a price of $175.08 per share for a total of $0.51 million. Following the sale, the insider now owns 14533.0 shares.
Still, SEC filings show that on Dec 18 ’24, Fritzsche Jennifer M (Director) disposed off 430 shares at an average price of $173.11 for $74437.0. The insider now directly holds 8,873 shares of Dycom Industries, Inc (DY).
