At the time of writing, Dycom Industries, Inc [DY] stock is trading at $147.47, down -0.90%. An important factor to consider is whether the stock is rising or falling in short-term value. The DY shares have gain 2.75% over the last week, with a monthly amount drifted -24.38%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Dycom Industries, Inc fluctuated between $133.00 and $207.20. Currently, Wall Street analysts expect the stock to reach $230.5 within the next 12 months. Dycom Industries, Inc [NYSE: DY] shares were valued at $147.47 at the most recent close of the market. An investor can expect a potential return of 56.3% based on the average DY price forecast.
Analyzing the DY fundamentals
According to Dycom Industries, Inc [NYSE:DY], the company’s sales were 4.70B for trailing twelve months, which represents an 13.87% jump. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.08%, 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 0.08, Equity is 0.2 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.
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 143.91 points at the first support level, and at 140.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 150.54, and for the 2nd resistance point, it is at 153.62.
Ratios To Look Out For
It is important to note that Dycom Industries, Inc [NYSE:DY] has a current ratio of 2.89. On the other hand, the Quick Ratio is 2.67, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 3.45 and price to earnings (TTM) ratio is 18.63.
Transactions by insiders
Recent insider trading involved Pruitt Peter T Jr, Director, that happened on Jan 10 ’25 when 2900.0 shares were sold. Director, Pruitt Peter T Jr completed a deal on Jan 10 ’25 to buy 2900.0 shares. Meanwhile, Director Fritzsche Jennifer M sold 430.0 shares on Dec 18 ’24.
