The stock of Dycom Industries, Inc. (NYSE:DY) is a huge mover today! About 7.86 million shares traded hands or 940.80% up from the average. Dycom Industries, Inc. (NYSE:DY) has risen 37.60% since April 20, 2016 and is uptrending. It has outperformed by 33.05% the S&P500.
The move comes after 9 months negative chart setup for the $2.36B company. It was reported on Nov, 22 by Barchart.com. We have $72.46 PT which if reached, will make NYSE:DY worth $70.80 million less.
Dycom Industries, Inc. (NYSE:DY) Ratings Coverage
Out of 5 analysts covering Dycom (NYSE:DY), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Dycom has been the topic of 9 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, August 27 by FBR Capital. The firm has “Overweight” rating by Stephens given on Monday, April 11. The firm has “Buy” rating given on Friday, May 20 by Stifel Nicolaus. The company was maintained on Wednesday, November 25 by FBR Capital. The firm has “Buy” rating by DA Davidson given on Tuesday, December 15. The stock of Dycom Industries, Inc. (NYSE:DY) earned “Buy” rating by Canaccord Genuity on Wednesday, May 11. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, January 5. On Monday, November 9 the stock rating was downgraded by DA Davidson to “Neutral”. The firm earned “Outperform” rating on Thursday, August 25 by FBR Capital.
According to Zacks Investment Research, “Dycom Industries, Inc. is a leading provider of specialty contracting services throughout the United States. These services include engineering, construction, maintenance and installation services to telecommunications providers, underground locating services to various utilities including telecommunications providers, and other construction and maintenance services to electric utilities and others.”
Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.17, from 1.08 in 2016Q1. The ratio worsened, as 24 funds sold all Dycom Industries, Inc. shares owned while 111 reduced positions. 70 funds bought stakes while 76 increased positions. They now own 29.21 million shares or 6.50% less from 31.24 million shares in 2016Q1.
Driehaus Cap Mngmt Limited Liability Corp last reported 0.21% of its portfolio in the stock. Moreover, Blackrock Fund Advsr has 0.04% invested in Dycom Industries, Inc. (NYSE:DY) for 1.96M shares. Jane Street Group Inc Limited Liability Corp accumulated 8,058 shares or 0% of the stock. Capstone Asset last reported 0.03% of its portfolio in the stock. Navellier And Associates holds 1.32% of its portfolio in Dycom Industries, Inc. (NYSE:DY) for 98,776 shares. Rice Hall James And Assoc Ltd Liability Co holds 0.64% of its portfolio in Dycom Industries, Inc. (NYSE:DY) for 123,419 shares. Moreover, Federated Invsts Pa has 0.03% invested in Dycom Industries, Inc. (NYSE:DY) for 128,965 shares. Green Square Capital Lc, a Tennessee-based fund reported 11,316 shares. Nationwide Fund last reported 0.02% of its portfolio in the stock. Gsa Ptnrs Llp reported 16,500 shares or 0.08% of all its holdings. J Goldman And Company Lp holds 0.44% or 94,700 shares in its portfolio. Ameriprise Fincl Inc holds 0.01% or 284,968 shares in its portfolio. Partnervest Advisory Svcs, a California-based fund reported 5,144 shares. Comerica Fincl Bank holds 0.03% or 31,361 shares in its portfolio. Employees Retirement Association Of Colorado owns 7,915 shares or 0.01% of their US portfolio.
Insider Transactions: Since July 8, 2016, the stock had 0 insider purchases, and 5 selling transactions for $4.25 million net activity. Roach Rebecca Brightly had sold 1,000 shares worth $94,370. Baxter Thomas G sold 1,556 shares worth $145,627. Another trade for 28,642 shares valued at $2.68M was sold by Vilsoet Richard B. Another trade for 9,455 shares valued at $890,186 was sold by HIGGINS PATRICIA. The insider COLEY STEPHEN C sold $440,390.
More important recent Dycom Industries, Inc. (NYSE:DY) news were published by: Nasdaq.com which released: “Earnings Reaction History: Dycom Industries Inc., 66.7% Follow-Through …” on November 21, 2016, also Reuters.com published article titled: “BRIEF-Dycom Industries Inc sees Q3 contract revenues of $664.6 million”, Prnewswire.com published: “Dycom Industries, Inc. Announces Fiscal 2017 First Quarter Results And …” on November 21, 2016. More interesting news about Dycom Industries, Inc. (NYSE:DY) was released by: Fool.com and their article: “Why Shares of Dycom Industries Inc. Are Down 14%” with publication date: October 26, 2016.
DY Company Profile
Dycom Industries, Inc., incorporated on August 7, 1969, is a well-known provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance, and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities. The Firm provides the labor, tools and equipment necessary to design, engineer, locate, maintain, expand, install and upgrade the telecommunications infrastructure of its customers. The Company’s subsidiaries include CertusView Technologies, LLC and Dycom Investments, Inc.
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