B. Riley Equities Analysts Boost Earnings Estimates for Dycom Industries, Inc. (NYSE:DY)

Dycom Industries, Inc. (NYSE:DYGet Rating) – Equities researchers at B. Riley lifted their FY2024 earnings per share estimates for shares of Dycom Industries in a report issued on Tuesday, November 22nd. B. Riley analyst A. Rygiel now expects that the construction company will earn $4.40 per share for the year, up from their prior estimate of $4.36. The consensus estimate for Dycom Industries’ current full-year earnings is $3.68 per share.

A number of other equities research analysts have also weighed in on DY. KeyCorp lifted their target price on shares of Dycom Industries from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, August 23rd. Wells Fargo & Company lowered their price objective on Dycom Industries from $130.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, November 14th. DA Davidson boosted their target price on shares of Dycom Industries from $125.00 to $145.00 in a research note on Thursday, August 25th. StockNews.com initiated coverage on shares of Dycom Industries in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Finally, Craig Hallum upped their price objective on Dycom Industries from $121.00 to $133.00 in a research note on Thursday, August 25th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $128.00.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $91.46 on Thursday. The company has a current ratio of 3.21, a quick ratio of 3.09 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $2.69 billion, a PE ratio of 23.21 and a beta of 1.44. The business’s 50-day moving average price is $106.30 and its 200-day moving average price is $101.02. Dycom Industries has a 12 month low of $76.21 and a 12 month high of $122.13.

Dycom Industries (NYSE:DYGet Rating) last released its quarterly earnings results on Wednesday, August 24th. The construction company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.47. The firm had revenue of $972.30 million for the quarter, compared to analysts’ expectations of $932.37 million. Dycom Industries had a return on equity of 13.96% and a net margin of 3.24%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS.

Insiders Place Their Bets

In other Dycom Industries news, Director Dwight B. Duke sold 4,534 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $103.69, for a total value of $470,130.46. Following the completion of the sale, the director now owns 39,139 shares in the company, valued at approximately $4,058,322.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Dycom Industries news, Director Dwight B. Duke sold 4,534 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $103.69, for a total value of $470,130.46. Following the completion of the sale, the director now owns 39,139 shares in the company, valued at approximately $4,058,322.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Sharon Villaverde sold 750 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $100.01, for a total value of $75,007.50. Following the completion of the sale, the chief accounting officer now owns 7,579 shares of the company’s stock, valued at approximately $757,975.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,957 shares of company stock worth $10,446,088. Corporate insiders own 4.32% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in shares of Dycom Industries by 44.7% during the 1st quarter. Victory Capital Management Inc. now owns 9,667 shares of the construction company’s stock valued at $821,000 after purchasing an additional 2,985 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in shares of Dycom Industries during the 1st quarter valued at about $4,882,000. Mutual of America Capital Management LLC boosted its holdings in shares of Dycom Industries by 1.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 27,524 shares of the construction company’s stock valued at $2,622,000 after purchasing an additional 526 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Dycom Industries by 21.0% during the 1st quarter. GW&K Investment Management LLC now owns 51,664 shares of the construction company’s stock valued at $4,922,000 after purchasing an additional 8,956 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Dycom Industries by 9.3% during the 1st quarter. Principal Financial Group Inc. now owns 846,628 shares of the construction company’s stock valued at $80,650,000 after purchasing an additional 71,885 shares during the last quarter. Institutional investors own 93.32% of the company’s stock.

About Dycom Industries

(Get Rating)

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.

Featured Stories

Earnings History and Estimates for Dycom Industries (NYSE:DY)

Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.