Alert: Negative Investment/Fundamental Signals (9/16/21)-Dycom Industries Inc. (NYSE: DY)


Meaningful negative changes in Dycom Industries Inc. (NYSE: DY) fundamentals have recently occurred: the consensus estimate for January, 2021 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for January, 2022 decreased significantly.

Dycom Industries Inc. (NYSE: DY). Important negative changes in investment behavior have recently occurred: its longer term price trend turned down.

In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

DY is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Dycom Industries has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Dycom Industries has a neutral Appreciation Score of 45 but a poor Power Rating of 20, producing the Negative Value Trend Rating.

Recent Price Action

Dycom Industries Inc. (NYSE: DY) stock suffered a large decline of -2.2% on 9/16/21. The stock closed at $69.44. However, exceptionally low trading volume at 45% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -6.0% during the last week.

About John Lafferty 103103 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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