Dycom Industries, Inc. (NYSE: DY) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Dycom Industries, Inc. to Participate in Upcoming Investor Conferences.

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Stocks Info

Dycom Industries, Inc. is listed on the NYSE in the Industrials sector while operating in the Engineering & Construction industry. The current market capitalization of Dycom Industries, Inc. is $3.71B. A total of 0.54 million shares were traded on the day, compared to an average of 245.63K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, DY has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,500 shares. Over the last 12 months, there were 32 BUYs and 13 SELLs from insiders. Insiders purchased 79,739 shares during that period but sold 64,016.

In the most recent transaction, VILLAVERDE SHARON sold 2,268 shares of DY for 102.10 per share on Nov 24. After the transaction, the VP & Chief Accounting Officer now owns 6,524 company shares. In a previous transaction on Oct 11, Lawson Jason T sold 618 shares at 88.37 per share. DY shares that VP and CHRO owns now total 5,205.

Among the insiders who sold shares, DeFerrari H Andrew disposed of 10,282 shares on Mar 30 at a per-share price of $94.11. This resulted in the Sr. VP & CFO holding 148,425 shares of DY after the transaction. In another insider transaction, URNESS RYAN F sold 3,300 shares at $94.90 per share on Mar 30. Company shares held by the VP, GC & Secretary now total 26,242.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for DY in the last 3 months, the mean price target is $142.56 with high estimates of $165.00 and low estimates of $101.00. In terms of 52-week highs and lows, DY has a high of $127.88 and a low of $78.42.

As of this writing, DY has an earnings estimate of $1.45 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.73 per share and a lower estimate of $0.9. The company reported an EPS of $2.82 in the last quarter, which was 58.40% higher than expectations of $1.78.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. DY’s latest balance sheet shows that the firm has $310.76M in Cash & Short Term Investments as of fiscal 2022. There were $901.91M in debt and $381.80M in liabilities at the time. Its Book Value Per Share was $35.92, while its Total Shareholder’s Equity was $758.54M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.75.

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