Dycom Industries, Inc [DY] stock is trading at $195.83, up 4.43%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DY shares have gain 1.30% over the last week, with a monthly amount drifted -1.26%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Dycom Industries, Inc [NYSE: DY] stock has seen the most recent analyst activity on March 08, 2024, when B. Riley Securities upgraded its rating to a Buy and also boosted its price target to $172 from $101. Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on January 10, 2024, and set its price target to $136. On October 20, 2023, upgrade upgraded it’s rating to Strong Buy but maintained its price target of $120 on the stock. BofA Securities started tracking the stock assigning a Buy rating and suggested a price target of $120 on October 03, 2023. B. Riley Securities downgraded its rating to a Neutral and reduced its price target to $111 on July 26, 2023. Raymond James started tracking with a Outperform rating for this stock on June 01, 2023, and assigned it a price target of $120. In a note dated May 25, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $105 to $120.
Dycom Industries, Inc [DY] stock has fluctuated between $84.83 and $207.20 over the past year. Currently, Wall Street analysts expect the stock to reach $205.17 within the next 12 months. Dycom Industries, Inc [NYSE: DY] shares were valued at $195.83 at the most recent close of the market. An investor can expect a potential return of 4.77% based on the average DY price forecast.
Analyzing the DY fundamentals
Dycom Industries, Inc [NYSE:DY] reported sales of 4.43B for the trailing twelve months, which represents a growth of 15.51%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.22 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 188.60 points at the first support level, and at 181.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 202.04, and for the 2nd resistance point, it is at 208.26.
Ratios To Look Out For
For context, Dycom Industries, Inc’s Current Ratio is 3.44. In addition, the Quick Ratio stands at 3.25 and the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 4.92 and price to earnings (TTM) ratio is 24.33.
Transactions by insiders
Recent insider trading involved Lawson Jason T, VP and CHRO, that happened on Jul 11 ’24 when 856.0 shares were sold. VP and CHRO, Lawson Jason T completed a deal on Apr 01 ’24 to sell 220.0 shares. Meanwhile, VP & Chief Accounting Officer VILLAVERDE SHARON sold 2268.0 shares on Nov 24 ’23.
