Can Dycom Industries, Inc.’s (DY) drop of -8.59% in a week be considered a lucky break?

Dycom Industries, Inc. (NYSE: DY) kicked off on Tuesday, down -4.85% from the previous trading day, before settling in for the closing price of $188.37. Over the past 52 weeks, DY has traded in a range of $78.42-$207.20.

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Annual sales at Industrials sector company grew by 6.34% over the past five years. While this was happening, its average annual earnings per share was recorded 8.54%. With a float of $28.04 million, this company’s outstanding shares have now reached $29.09 million.

Let’s look at the performance matrix of the company that is accounted for 15611 employees. In terms of profitability, gross margin is 16.79%, operating margin of 7.8%, and the pretax margin is 7.14%.

Dycom Industries, Inc. (DY) Insider and Institutional Ownership

Our next focus will be how large-scale investors are participating in this stock of the Engineering & Construction Industry. The insider ownership of Dycom Industries, Inc. is 3.66%, while institutional ownership is 96.17%. The most recent insider transaction that took place on Jul 11 ’24, was worth 149,355. In this transaction VP and CHRO of this company sold 856 shares at a rate of $174.48, taking the stock ownership to the 6,937 shares. Before that another transaction happened on Apr 01 ’24, when Company’s VP and CHRO sold 220 for $140.27, making the entire transaction worth $30,859. This insider now owns 7,793 shares in total.

Dycom Industries, Inc. (DY) Latest Financial update

In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported 2.82 earnings per share (EPS), higher than consensus estimate (set at 1.78) by 1.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.03 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 8.54% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.14% during the next five years compared to 30.25% growth over the previous five years of trading.

Dycom Industries, Inc. (NYSE: DY) Trading Performance Indicators

Take a look at Dycom Industries, Inc.’s (DY) current performance indicators. Last quarter, stock had a quick ratio of 3.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.18. Likewise, its price to free cash flow for the trailing twelve months is 477.65.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.05, a number that is poised to hit 2.31 in the next quarter and is forecasted to reach 9.37 in one year’s time.

Technical Analysis of Dycom Industries, Inc. (DY)

Dycom Industries, Inc. (NYSE: DY) saw its 5-day average volume 0.32 million, a positive change from its year-to-date volume of 0.28 million. As of the previous 9 days, the stock’s Stochastic %D was 17.71%. Additionally, its Average True Range was 6.11.

During the past 100 days, Dycom Industries, Inc.’s (DY) raw stochastic average was set at 41.79%, which indicates a significant increase from 4.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.29% in the past 14 days, which was higher than the 36.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $186.91, while its 200-day Moving Average is $159.57. Nevertheless, the first resistance level for the watch stands at $184.73 in the near term. At $190.21, the stock is likely to face the second major resistance level. The third major resistance level sits at $193.58. If the price goes on to break the first support level at $175.88, it is likely to go to the next support level at $172.51. The third support level lies at $167.03 if the price breaches the second support level.

Dycom Industries, Inc. (NYSE: DY) Key Stats

The company with the Market Capitalisation of 5.22 billion has total of 29,104K Shares Outstanding. Its annual sales at the moment are 4,176 M in contrast with the sum of 218,920 K annual income. Company’s last quarter sales were recorded 1,203 M and last quarter income was 68,400 K.