DY Stock Summary and Trading Ideas (Dycom Industries | NYSE:DY)

Dycom Industries Inc is a provider of specialty contracting services to the telecommunications infrastructure and utility industries. its operating companies supply telecommunications providers with a comprehensive portfolio of specialty services, including program management; planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services and provides underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities. It also provides a range of construction, maintenance, and installation services, including the placement and splicing of fiber, copper, and coaxial cables. The company operates throughout the United States.

Dycom Industries trades on the NYSE stock market under the symbol DY.

As of April 25, 2024, DY stock price declined to $137.97 with 9,704 million shares trading.

DY has a beta of 0.70, meaning it tends to be less sensitive to market movements. DY has a correlation of 0.08 to the broad based SPY ETF.

DY has a market cap of $4.05 billion. This is considered a Mid Cap stock.

Last quarter Dycom Industries reported $952 million in Revenue and $.79 earnings per share. This fell short of revenue expectation by $-14 million and missed earnings estimates by -$.15.

In the last 3 years, DY stock traded as high as $146.32 and as low as $62.88.

The top ETF exchange traded funds that DY belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

DY has outperformed the market in the last year with a price return of +51.4% while the SPY ETF gained +22.6%. DY has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +21.9% and +0.3%, respectively, while the SPY returned +3.1% and -2.9%, respectively.

DY support price is $136.74 and resistance is $142.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DY stock will trade within this expected range on the day.