The stock of Dycom Industries, Inc (DY) has seen a -5.12% decrease in the past week, with a -9.96% drop in the past month, and a 0.50% flourish in the past quarter. The volatility ratio for the week is 6.47%, and the volatility levels for the past 30 days are at 5.12% for DY. The simple moving average for the past 20 days is -4.57% for DY’s stock, with a 6.90% simple moving average for the past 200 days.
Is It Worth Investing in Dycom Industries, Inc (NYSE: DY) Right Now?
Dycom Industries, Inc (NYSE: DY) has a higher price-to-earnings ratio of 23.24x compared to its average ratio, The 36-month beta value for DY is at 1.44. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 5 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for DY is 28.04M, and currently, shorts hold a 3.19% of that float. The average trading volume for DY on November 21, 2024 was 378.01K shares.
DY) stock’s latest price update
Dycom Industries, Inc (NYSE: DY) has seen a decline in its stock price by -12.93 in relation to its previous close of 202.79. However, the company has experienced a -5.12% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-20 that Dycom Industries, Inc. (NYSE:DY ) Q3 2025 Earnings Conference Call November 20, 2024 9:00 AM ET Company Participants Steven Nielsen – CEO Ryan Urness – General Counsel Daniel Peyovich – President & Chief Operating Officer Andrew DeFerrari – CFO Conference Call Participants Adam Thalhimer – Thompson Davis Alex Waters – BofA Min Cho – B. Riley Securities Frank Louthan – Raymond James Sangita Jain – KeyBanc Capital Markets Eric Luebchow – Wells Fargo Jean Ramirez – D.A.
Analysts’ Opinion of DY
Many brokerage firms have already submitted their reports for DY stocks, with B. Riley Securities repeating the rating for DY by listing it as a “Buy.” The predicted price for DY in the upcoming period, according to B. Riley Securities is $172 based on the research report published on March 08, 2024 of the current year 2024.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see DY reach a price target of $136. The rating they have provided for DY stocks is “Overweight” according to the report published on January 10th, 2024.
Raymond James gave a rating of “Strong Buy” to DY, setting the target price at $120 in the report published on October 20th of the previous year.
DY Trading at -6.77% from the 50-Day Moving Average
After a stumble in the market that brought DY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.79% of loss for the given period.
Volatility was left at 5.12%, however, over the last 30 days, the volatility rate increased by 6.47%, as shares sank -9.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.53% lower at present.
During the last 5 trading sessions, DY fell by -5.12%, which changed the moving average for the period of 200-days by +54.55% in comparison to the 20-day moving average, which settled at $185.01. In addition, Dycom Industries, Inc saw 53.41% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DY starting from Lawson Jason T, who sale 856 shares at the price of $174.48 back on Jul 11 ’24. After this action, Lawson Jason T now owns 6,937 shares of Dycom Industries, Inc, valued at $149,355 using the latest closing price.
Lawson Jason T, the VP and CHRO of Dycom Industries, Inc, sale 220 shares at $140.27 during a trade that took place back on Apr 01 ’24, which means that Lawson Jason T is holding 7,793 shares at $30,859 based on the most recent closing price.
Stock Fundamentals for DY
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.17 for the gross margin
The net margin for Dycom Industries, Inc stands at 0.05. The total capital return value is set at 0.17. Equity return is now at value 19.60, with 7.76 for asset returns.
Based on Dycom Industries, Inc (DY), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 6.95.
Currently, EBITDA for the company is 486.08 million with net debt to EBITDA at 1.88. When we switch over and look at the enterprise to sales, we see a ratio of 1.38. The receivables turnover for the company is 2.79for trailing twelve months and the total asset turnover is 1.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.12.
Conclusion
In conclusion, Dycom Industries, Inc (DY) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
