Traders See Bearish Options Activity Dycom Industries, Inc.

 Traders See Bearish Options Activity Dycom Industries, Inc.

In today’s session Dycom Industries, Inc. (DY) recorded an unusually high (337) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious DY decrease. With 337 contracts traded and 2774 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: DY161216P00080000 closed last at: $1.15 or 34.3% down. About 555,056 shares traded hands. Dycom Industries, Inc. (NYSE:DY) has risen 9.64% since April 21, 2016 and is uptrending. It has outperformed by 4.31% the S&P500.

Analysts await Dycom Industries, Inc. (NYSE:DY) to report earnings on February, 28. They expect $0.71 EPS, up 31.48% or $0.17 from last year’s $0.54 per share. DY’s profit will be $17.78 million for 26.58 P/E if the $0.71 EPS becomes a reality. After $1.67 actual EPS reported by Dycom Industries, Inc. for the previous quarter, Wall Street now forecasts -57.49% negative EPS growth.

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 10 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by FBR Capital on Thursday, August 27. DA Davidson upgraded Dycom Industries, Inc. (NYSE:DY) on Tuesday, December 15 to “Buy” rating. The rating was downgraded by DA Davidson to “Neutral” on Monday, November 9. The stock of Dycom Industries, Inc. (NYSE:DY) earned “Outperform” rating by FBR Capital on Wednesday, November 25. The firm earned “Outperform” rating on Thursday, August 25 by FBR Capital. FBR Capital maintained the shares of DY in a report on Tuesday, November 22 with “Outperform” rating. As per Monday, April 11, the company rating was initiated by Stephens. Stifel Nicolaus maintained the shares of DY in a report on Friday, May 20 with “Buy” rating. The stock of Dycom Industries, Inc. (NYSE:DY) has “Buy” rating given on Wednesday, May 11 by Canaccord Genuity. The company was reinitiated on Tuesday, January 5 by Stifel Nicolaus.

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 dived, 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.
Etrade Cap Limited Liability Com last reported 9,466 shares in the company. Rice Hall James And Associates Limited Company last reported 0.64% of its portfolio in the stock. Co Bancorp holds 0% or 2,249 shares in its portfolio. The Missouri-based Kennedy Cap has invested 0.04% in Dycom Industries, Inc. (NYSE:DY). Rainier Inv Mgmt Lc owns 151,670 shares or 0.66% of their US portfolio. Cypress Capital Management Ltd Llc (Wy) holds 0% or 55 shares in its portfolio. Proshare Advsr Lc has invested 0.01% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Alpine Woods Limited Liability has 12,121 shares for 0.07% of their US portfolio. Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0.01% invested in Dycom Industries, Inc. (NYSE:DY) for 12,500 shares. Aperio Gp Limited Liability reported 11,413 shares or 0.01% of all its holdings. The Massachusetts-based Aristotle Boston Limited Liability has invested 2.15% in Dycom Industries, Inc. (NYSE:DY). Peregrine Asset Advisers holds 3,500 shares or 0.21% of its portfolio. Bbva Compass Fincl Bank holds 3,720 shares or 0.02% of its portfolio. The Texas-based Texas Permanent School Fund has invested 0.03% in Dycom Industries, Inc. (NYSE:DY). Tower Capital Llc (Trc) accumulated 4,127 shares or 0.04% of the stock.

Insider Transactions: Since July 8, 2016, the stock had 0 insider buys, and 5 sales for $4.25 million net activity. On Friday, July 8 the insider Vilsoet Richard B sold $2.68 million. On Friday, July 8 HIGGINS PATRICIA sold $890,186 worth of the stock or 9,455 shares. COLEY STEPHEN C sold $440,390 worth of stock. Roach Rebecca Brightly had sold 1,000 shares worth $94,370 on Friday, July 8. $145,627 worth of Dycom Industries, Inc. (NYSE:DY) was sold by Baxter Thomas G.

Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States and in Canada. The company has a market cap of $1.89 billion. 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. It has a 16.43 P/E ratio. The Firm provides the labor, tools and equipment necessary to design, engineer, locate, maintain, expand, install and upgrade the telecommunications infrastructure of its customers.

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.

More notable recent Dycom Industries, Inc. (NYSE:DY) news were published by: Investorplace.com which released: “Why Medtronic PLC (MDT), Dycom Industries, Inc. (DY) and Palo Alto Networks …” on November 22, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Dycom Industries Inc., 66.7% Follow-Through …” published on November 21, 2016, Reuters.com published: “BRIEF-Dycom Industries Inc sees Q3 contract revenues of $664.6 million” on November 22, 2016. More interesting news about Dycom Industries, Inc. (NYSE:DY) were released by: Fool.com and their article: “Why Shares of Dycom Industries Inc. Are Down 14%” published on October 26, 2016 as well as Prnewswire.com‘s news article titled: “Dycom Industries, Inc. Announces Fiscal 2017 First Quarter Results And …” with publication date: November 21, 2016.

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