Dycom Industries Inc (NYSE:DY) Could Improve Your Long Portfolio After Less Shorts Reported

April 25, 2018 - By Nellie Frank

Investors sentiment increased to 1.01 in 2017 Q4. Its up 0.01, from 1 in 2017Q3. It improved, as 34 investors sold Dycom Industries, Inc. shares while 109 reduced holdings. 55 funds opened positions while 89 raised stakes. 29.64 million shares or 4.71% less from 31.11 million shares in 2017Q3 were reported.
Weiss Multi holds 0.24% of its portfolio in Dycom Industries, Inc. (NYSE:DY) for 84,917 shares. Ack Asset Ltd Company, a New York-based fund reported 360,000 shares. Sheets Smith Wealth Management owns 3,514 shares. Logan Management accumulated 60,593 shares or 0.47% of the stock. Texas Yale Capital accumulated 6,425 shares or 0.06% of the stock. Dorsey Whitney Tru Ltd has invested 0.05% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Raymond James Assoc has 0.01% invested in Dycom Industries, Inc. (NYSE:DY). Riverhead Mngmt Limited Com reported 0.01% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Parallax Volatility Advisers Limited Partnership reported 4,578 shares. Envestnet Asset reported 0.01% stake. Bnp Paribas Arbitrage Sa invested 0% in Dycom Industries, Inc. (NYSE:DY). Tower Rech Capital Ltd Liability Company (Trc) invested in 638 shares or 0.01% of the stock. Moreover, Ny State Common Retirement Fund has 0% invested in Dycom Industries, Inc. (NYSE:DY) for 35,530 shares. Gemmer Asset Management Limited Com accumulated 146 shares. Northeast Inv Mgmt has 0.68% invested in Dycom Industries, Inc. (NYSE:DY).

Since March 7, 2018, it had 0 insider purchases, and 1 sale for $284,044 activity.

The stock of Dycom Industries Inc (NYSE:DY) registered a decrease of 7.89% in short interest. DY’s total short interest was 4.70 million shares in April as published by FINRA. Its down 7.89% from 5.10 million shares, reported previously. With 391,100 shares average volume, it will take short sellers 12 days to cover their DY’s short positions. The short interest to Dycom Industries Inc’s float is 15.92%.

The stock increased 1.47% or $1.54 during the last trading session, reaching $106.59. About 262,224 shares traded. Dycom Industries, Inc. (NYSE:DY) has risen 13.44% since April 25, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. The company has market cap of $3.33 billion. The firm offers various specialty contracting services, such as engineering, construction, maintenance, and installation services comprising placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It has a 24.79 P/E ratio. It also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable television system operators.

Dycom Industries, Inc. (NYSE:DY) Ratings Coverage

Among 6 analysts covering Dycom (NYSE:DY), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Dycom had 12 analyst reports since November 17, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Monday, February 12 by FBR Capital. The firm has “Buy” rating given on Sunday, December 10 by Stifel Nicolaus. B. Riley & Co maintained Dycom Industries, Inc. (NYSE:DY) on Thursday, March 1 with “Buy” rating. FBR Capital maintained Dycom Industries, Inc. (NYSE:DY) rating on Wednesday, February 28. FBR Capital has “Buy” rating and $132.0 target. On Tuesday, November 21 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The rating was maintained by Stifel Nicolaus on Tuesday, November 28 with “Buy”. The company was maintained on Wednesday, December 20 by KeyBanc Capital Markets. The stock of Dycom Industries, Inc. (NYSE:DY) has “Buy” rating given on Tuesday, November 21 by Craig Hallum. The rating was maintained by KeyBanc Capital Markets on Friday, February 9 with “Overweight”. The stock has “Buy” rating by Canaccord Genuity on Tuesday, February 13.

Dycom Industries, Inc. (NYSE:DY) Institutional Positions Chart

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