Dycom downgraded by Wells Fargo with a new price target
$DY
Water Sewer Pipeline Comm & Power Line Construction
Industrials
Wells Fargo downgraded Dycom from Overweight to Equal Weight and set a new price target of $88.00 from $120.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/8/2024 | $101.00 → $172.00 | Neutral → Buy | B. Riley Securities |
| 1/10/2024 | $136.00 | Overweight | KeyBanc Capital Markets |
| 10/20/2023 | $120.00 | Outperform → Strong Buy | Raymond James |
| 10/3/2023 | $120.00 | Buy | BofA Securities |
| 7/26/2023 | $134.00 → $111.00 | Buy → Neutral | B. Riley Securities |
| 6/1/2023 | $120.00 | Outperform | Raymond James |
| 5/25/2023 | $105.00 → $120.00 | Equal Weight → Overweight | Wells Fargo |
| 2/15/2023 | $120.00 → $88.00 | Overweight → Equal Weight | Wells Fargo |
PALM BEACH GARDENS, Fla., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) today announced the appointment of Jill L. Ramshaw as Vice President and Chief Human Resources Officer. Ms. Ramshaw brings more than 20 years of strategic human resources and cross-functional leadership experience to Dycom, where she will lead the Company's human resources organization and further its human capital strategy. "We are excited to welcome Jill to Dycom as our Chief Human Resources Officer," said Dan Peyovich, Dycom's President and Chief Executive Officer. "Her proven track record in driving talent strategies and fostering high-performance cultures will be invaluable as we strengthen o
Chief Executive Officer Steven E. Nielsen to Retire in November 2024 Executive Vice President and Chief Operating Officer Daniel S. Peyovich to Become Next CEO PALM BEACH GARDENS, Fla., June 17, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) ("Dycom" or the "Company") today announced that after 25 years of service as Chief Executive Officer, Steven E. Nielsen will retire on November 30, 2024. In preparation for his retirement, Mr. Nielsen worked closely with the Board of Directors (the "Board") on a comprehensive multi-year succession plan. As a result of that process, Daniel S. Peyovich, the Company's Executive Vice President and Chief Operating Officer, has been appointed
NetApp (NASDAQ:NTAP), a global, cloud-led, data-centric software company, today announced that Anders Gustafsson, executive chair of Zebra Technologies, has joined its Board of Directors. This brings the number of directors on the NetApp Board of Directors to ten, nine of whom are independent and 30% of whom have been appointed within the last five years. "I am pleased to welcome Anders to our Board," said George Kurian, chief executive officer of NetApp. "His strong leadership experience driving business transformation in the digital era, combined with deep experience in technology and strategic planning, will benefit NetApp as we accelerate our innovation agenda and capture new growth."
PALM BEACH GARDENS, Fla., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) today announced that its Board of Directors has authorized a new $150 million program to repurchase shares of Dycom's outstanding common stock. Repurchases under the new program are authorized to be made over the next eighteen (18) months in open market purchases or privately-negotiated transactions, including pursuant to a Rule 10b5-1 plan. The exact timing and amount of repurchases will depend on market conditions and other factors. The repurchase program does not obligate Dycom to acquire any particular amount of common stock, and may be suspended or discontinued at any time. The new program rep
Fourth Quarter Highlights(All metrics compared to the fourth quarter of fiscal 2024) Contract revenues of $1.085 billion, up 13.9%Adjusted EBITDA of $116.4 million, or 10.7% of contract revenues, up 89 basis pointsNet income of $32.7 million, or $1.11 per common share dilutedAdjusted Net Income of $34.5 million; Adjusted EPS of $1.17 per common share diluted, up 48.1%Total backlog of $7.760 billion as of January 25, 2025Repurchased 200,000 shares for $35.9 million Annual Highlights(All metrics compared to fiscal 2024) Contract revenues of $4.702 billion, up 12.6%Adjusted EBITDA of $576.3 million, or 12.3% of contract revenuesNet income of $233.4 million, or $7.92 per common share di
PALM BEACH GARDENS, Fla., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) announced today that the Company will participate in the following upcoming institutional investor conferences: Monday, March 3, 2025 – 46th Annual Raymond James Institutional Investor Conference, Orlando, FL Senior management will present in a fireside chat format at 8:05 a.m. ET. Additionally, senior management will participate in one-on-one and group meetings with investors. Tuesday, March 11, 2025 – Deutsche Bank Annual Media, Internet & Telecom Conference, Palm Beach, FL Senior management will participate in one-on-one and group meetings with investors. Thursday, March 20, 2025 – TD Cowen
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8-K - DYCOM INDUSTRIES INC (0000067215) (Filer)
10-K - DYCOM INDUSTRIES INC (0000067215) (Filer)
8-K - DYCOM INDUSTRIES INC (0000067215) (Filer)
Fourth Quarter Highlights(All metrics compared to the fourth quarter of fiscal 2024) Contract revenues of $1.085 billion, up 13.9%Adjusted EBITDA of $116.4 million, or 10.7% of contract revenues, up 89 basis pointsNet income of $32.7 million, or $1.11 per common share dilutedAdjusted Net Income of $34.5 million; Adjusted EPS of $1.17 per common share diluted, up 48.1%Total backlog of $7.760 billion as of January 25, 2025Repurchased 200,000 shares for $35.9 million Annual Highlights(All metrics compared to fiscal 2024) Contract revenues of $4.702 billion, up 12.6%Adjusted EBITDA of $576.3 million, or 12.3% of contract revenuesNet income of $233.4 million, or $7.92 per common share di
PALM BEACH GARDENS, Fla., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) will host a conference call to discuss fiscal 2025 fourth quarter and annual results on Wednesday, February 26, 2025, at 9:00 a.m. ET. Dycom will issue a press release reporting its results earlier that morning. Interested parties may participate in the question and answer session of the conference call by registering at https://register.vevent.com/register/BI90c0231c5dd54d46b9c51022bb0b6ad1. Upon registration, participants will receive a dial-in number and unique PIN to access the call. Participants are encouraged to join approximately ten minutes prior to the scheduled start time. For all other
Third Quarter Highlights Contract revenues increased 12.0% to $1.272 billionNon-GAAP Adjusted EBITDA increased to $170.7 million, or 13.4% of contract revenuesNon-GAAP Adjusted Net Income increased to $79.2 million, or $2.68 per common share diluted PALM BEACH GARDENS, Fla., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE:DY) announced today its results for the third quarter ended October 26, 2024. Contract revenues increased 12.0% to $1.272 billion for the quarter ended October 26, 2024, compared to $1.136 billion in the year ago quarter. On an organic basis, contract revenues increased 7.6% after excluding revenues from acquired businesses that were not owned for the ent
B. Riley Securities upgraded Dycom from Neutral to Buy and set a new price target of $172.00 from $101.00 previously
KeyBanc Capital Markets initiated coverage of Dycom with a rating of Overweight and set a new price target of $136.00
Raymond James upgraded Dycom from Outperform to Strong Buy and set a new price target of $120.00