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 November 8, 2024, DY stock price declined to $176.88 with 208,599 million shares trading.

DY has a beta of 0.93, meaning it tends to be less sensitive to market movements. DY has a correlation of 0.10 to the broad based SPY ETF.

DY has a market cap of $5.15 billion. This is considered a Mid Cap stock.

Last quarter Dycom Industries reported $1 billion in Revenue and $2.46 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.20.

In the last 3 years, DY traded as high as $207.20 and as low as $76.21.

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

DY has outperformed the market in the last year with a return of +116.4%, while the SPY ETF gained +38.5%. However, in the most recent history, DY shares have underperformed the stock market with its stock returning -0.6% in the last 3 month period and -9.4% for the last 2 week period, while SPY has returned +15.6% and +3.2%, respectively.

DY support price is $172.83 and resistance is $182.75 (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 shares will trade within this expected range on the day.