Dycom Industries Inc. (DY): Time to Buy this stock


Dycom Industries Inc. (NYSE:DY) changes shares on Thursday trading session, with a change of 4.65% or $1.76 shares. The trading starts at $38.00 and closed at $37.89 throughout the day. The trading session low price was $37.84 and day high was $39.87 on Thursday, June 25. After the session, the Industrials sector daily volume shifted to 0.36 million while its average volume is 671.05K. In other hand, the DY market cap reached to $1.28B. While, its current target price is $39.65 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -0.38% and down -9.93% for month. Its quarterly performance was 58.47% above, while its half year performance is down -17.03%. DY yearly performance stood at negative -30.56% and fall -15.91% for year-to-date. Current recommendation for Dycom Industries Inc. is 1.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. DY EPS (TTM) for 12-month is 0.32. EPS for this year is -6.80%, while for the next year its value is 2.66. Sales growth for the current quarter is 6.20 while its EPS Q/Q reached -328.30%. It has an EPS of -5.30% down for past five years and for the next five years will be up 20.00%.

Let’s take a look on the analyst recommendations on DY for the current month and previous month. For the current month, 7 of 8 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $45.00-$65.00. Average target price for DY was reached at $54.00.

FMR, LLC, Blackrock Inc. and Vanguard Group, Inc. (The) are the top three holders in Dycom Industries Inc. (DY) stock. On Mar 30, 2020, FMR, LLC has 3.88 million shares which valued 99.43 million. On Mar 30, 2020, Blackrock Inc. owned 3.81 million shares which valued at 97.82 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 2.88 million shares which valued at 73.88 million. In the end, Vanguard Group, Inc. (The) have 9.11% shares outstanding of Dycom Industries Inc. (DY) on Mar 30, 2020. The insider ownership moved to 4.30% and institutional holding shifted to 97.57%.

The company posted an EPS (TTM) of 0.32. According to the most recent quarter report on (Jul 2020), 8 analysts estimated an average EPS of 0.67, while 1.09 EPS posted a year ago period. Analyst Estimated EPS for DY published in the report was 0.59-0.74 during the same period. Comparing with last year, the average estimated EPS was 1.09 which is higher than 0.36 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for DY fall -1.97% for period of 200 days. SMA for 50 days was 12.05% which is showing green signal, while SMA-20 was -4.08%. The moving average value for Dycom Industries Inc. (DY) is 36.25 and 38.02 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in DY stock. On Jun 08, HIGGINS PATRICIA, Director, sold 4,675 trading shares at the cost of $44.78, which valued at 0.21 million. On Jun 04, NIELSEN STEVEN E, President & CEO, sold 187,791 shares at the cost of $42.71, with total shares of 703,813.