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Sunday, April 2, 2023

Momentum Is Strong For Dycom Industries Inc. (NYSE: DY)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Dycom Industries Inc. (DY) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $97.02. The Dycom Industries Inc. has recorded 39,256 volume in the after hours trading session.

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Stocks Info

This NYSE-listed company operates within the Engineering & Construction industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $97.02 and fluctuated between $104.46 as its day high and $94.30 as its day low. The current market capitalization of Dycom Industries Inc. is $2.84B. A total of 2.08 million shares were traded on the day, compared to an average of 414.90K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, DY has seen 3 BUY and 2 SELL insider trades, representing the acquisition of 326 and the disposition of 3,087 shares. Over the last 12 months, there were 38 BUYs and 24 SELLs from insiders. Insiders purchased 150,054 shares during that period but sold 147,432.

In the most recent transaction, Sykes Richard K sold 2,000 shares of DY for 92.35 per share on Dec 21. After the transaction, the Director now owns 0 company shares. In a previous transaction on Oct 04, DUKE DWIGHT B sold 4,534 shares at 103.69 per share. DY shares that Director owns now total 39,139.

Among the insiders who sold shares, VILLAVERDE SHARON disposed of 750 shares on Oct 03 at a per-share price of $100.01. This resulted in the VP & Chief Accounting Officer holding 7,579 shares of DY after the transaction. In another insider transaction, DeFerrari H Andrew sold 27,007 shares at $111.96 per share on Aug 31. Company shares held by the Sr. VP & CFO now total 153,080.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for DY in the last 3 months, the mean price target is $116.00 with high estimates of $145.00 and low estimates of $88.00. In terms of 52-week highs and lows, DY has a high of $122.12 and a low of $76.21.

As of this writing, DY has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.3 per share and a lower estimate of $0.01. The company reported an EPS of $1.46 in the last quarter, which was 47.50% higher than expectations of $0.99.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DY is Overweight with a score of 5.00. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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