Notable Price Action: Is Dycom Industries, Inc.’s Fuel For Real? The Stock Just Increased Again

Notable Price Action: Is Dycom Industries, Inc.'s Fuel For Real? The Stock Just Increased Again

The stock of Dycom Industries, Inc. (NYSE:DY) is a huge mover today! The stock increased 4.57% or $3.39 on November 23, hitting $77.52. Dycom Industries, Inc. (NYSE:DY) has risen 14.03% since April 22, 2016 and is uptrending. It has outperformed by 8.62% the S&P500.
The move comes after 8 months positive chart setup for the $2.55B company. It was reported on Nov, 24 by Barchart.com. We have $82.95 PT which if reached, will make NYSE:DY worth $178.50M more.

Analysts await Dycom Industries, Inc. (NYSE:DY) to report earnings on February, 28. They expect $0.71 earnings per share, up 31.48% or $0.17 from last year’s $0.54 per share. DY’s profit will be $23.36M for 27.30 P/E if the $0.71 EPS becomes a reality. After $1.67 actual earnings per share 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 of Dycom Industries, Inc. (NYSE:DY) has “Outperform” rating given on Thursday, August 27 by FBR Capital. The firm has “Buy” rating given on Wednesday, May 11 by Canaccord Genuity. The firm has “Buy” rating given on Friday, May 20 by Stifel Nicolaus. The stock of Dycom Industries, Inc. (NYSE:DY) earned “Outperform” rating by FBR Capital on Wednesday, November 25. On Tuesday, December 15 the stock rating was upgraded by DA Davidson to “Buy”. The company was maintained on Thursday, August 25 by FBR Capital. The firm has “Outperform” rating by FBR Capital given on Tuesday, November 22. The rating was reinitiated by Stifel Nicolaus on Tuesday, January 5 with “Buy”. The firm has “Neutral” rating by DA Davidson given on Monday, November 9. Stephens initiated Dycom Industries, Inc. (NYSE:DY) rating on Monday, April 11. Stephens has “Overweight” rating and $87 price target.

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.
Natl Bank Of Montreal Can, a Ontario – Canada-based fund reported 211,429 shares. Thrivent Fincl For Lutherans holds 15,100 shares or 0.01% of its portfolio. Eagle Boston Investment Inc has 145,601 shares for 1.77% of their US portfolio. Susquehanna Gp Llp has 0% invested in the company for 22,116 shares. Moreover, Comerica Fincl Bank has 0.03% invested in Dycom Industries, Inc. (NYSE:DY) for 31,361 shares. Morgan Stanley has invested 0% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Ridgeworth Management Ltd Liability Co holds 0.01% or 10,789 shares in its portfolio. Fdx last reported 3,337 shares in the company. Luminus Ltd Limited Liability Company last reported 63,964 shares in the company. The United Kingdom-based Blackrock Gru has invested 0% in Dycom Industries, Inc. (NYSE:DY). Wg Shaheen & Assocs Dba Whitney & Communication last reported 1.1% of its portfolio in the stock. Point72 Asset Management Limited Partnership has 44,800 shares for 0.03% of their US portfolio. First Allied Advisory Svcs Incorporated last reported 13,360 shares in the company. Chase Counsel Corporation has invested 0.19% of its portfolio in Dycom Industries, Inc. (NYSE:DY). State Common Retirement Fund owns 117,051 shares or 0.02% of their US portfolio.

Insider Transactions: Since July 8, 2016, the stock had 0 buys, and 5 insider sales for $4.25 million net activity. COLEY STEPHEN C sold $440,390 worth of Dycom Industries, Inc. (NYSE:DY) on Friday, July 8. Another trade for 1,000 shares valued at $94,370 was made by Roach Rebecca Brightly on Friday, July 8. $2.68M worth of Dycom Industries, Inc. (NYSE:DY) shares were sold by Vilsoet Richard B. Baxter Thomas G sold 1,556 shares worth $145,627. 9,455 Dycom Industries, Inc. (NYSE:DY) shares with value of $890,186 were sold by HIGGINS PATRICIA.

More important 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 published article titled: “Earnings Reaction History: Dycom Industries Inc., 66.7% Follow-Through …”, Fool.com published: “Why Shares of Dycom Industries Inc. Are Down 14%” on October 26, 2016. More interesting news about Dycom Industries, Inc. (NYSE:DY) was released by: Prnewswire.com and their article: “Dycom Industries, Inc. Announces Fiscal 2017 First Quarter Results And …” with publication date: November 21, 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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