Rating Reporting: FBR & Co. Analyst Reaffirmed $115.0 Price Target on Dycom (DY) stock, While Reiterating Outperform Rating

November 23, 2016 - By olga

Rating Reporting: FBR & Co. Analyst Reaffirmed $115.0 Price Target on Dycom (DY) stock, While Reiterating Outperform Rating

Dycom (DY) Rating

Professional analysts at FBR & Co. have $115.0 target on Dycom (DY). FBR & Co.’s target suggests a potential upside of 23.72% from the company’s current stock price. The rating was released in a research note on 22 November.

The stock decreased 20.25% or $18.82 during the last trading session, hitting $74.13. Dycom Industries, Inc. (DY) has risen 9.64% since April 21, 2016 and is uptrending. It has outperformed by 4.31% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.17, from 1.08 in 2016Q1. The ratio is negative, 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.

Gru One Trading Limited Partnership accumulated 1,100 shares or 0% of the stock. Invesco Limited last reported 683,697 shares in the company. Navellier And Associates holds 1.32% or 98,776 shares in its portfolio. Susquehanna Interest Gru Limited Liability Partnership reported 22,116 shares or 0% of all its holdings. Archon Cap Ltd Liability has invested 1.19% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Millrace Asset Grp Inc holds 6,000 shares or 0.88% of its portfolio. Bokf Na reported 5,230 shares or 0.02% of all its holdings. Next Century Growth Invsts Ltd Limited Liability Company reported 591,680 shares or 2.48% of all its holdings. Aperio Group Ltd Co last reported 0.01% of its portfolio in the stock. The Kansas-based Waddell And Reed Financial has invested 0.04% in Dycom Industries, Inc. (NYSE:DY). Kcg Hldgs has 0.02% invested in the company for 9,541 shares. Bnp Paribas Arbitrage Sa reported 10,372 shares or 0% of all its holdings. Green Square Cap Limited Liability Co holds 11,316 shares or 0.25% of its portfolio. Gerstein Fisher, a New York-based fund reported 16,539 shares. Savings Bank accumulated 2,249 shares or 0% of the stock.

Insider Transactions: Since July 8, 2016, the stock had 0 buys, and 5 sales for $4.25 million net activity. Another trade for 9,455 shares valued at $890,186 was sold by HIGGINS PATRICIA. 1,000 shares with value of $94,370 were sold by Roach Rebecca Brightly on Friday, July 8. Vilsoet Richard B also sold $2.68M worth of Dycom Industries, Inc. (NYSE:DY) on Friday, July 8. On Friday, July 8 COLEY STEPHEN C sold $440,390 worth of the stock or 4,675 shares. On Friday, July 8 Baxter Thomas G sold $145,627 worth of the stock or 1,556 shares.

Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States and in Canada. The company has a market cap of $2.36 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 18.94 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.

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.”

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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