Rating Worth Mentioning Today: Dycom (NYSE:DY) Stock Rating Reiterated by Analysts at FBR & Co.; The $115 Target Indicates 55.13% Potential

November 23, 2016 - By Nellie Frank

Rating Worth Mentioning Today: Dycom (NYSE:DY) Stock Rating Reiterated by Analysts at FBR & Co.; The $115 Target Indicates 55.13% Potential

Dycom (NYSE:DY) Rating

They currently have a $115 target on Dycom (NYSE:DY). FBR & Co.’s target would suggest a potential upside of 55.13% from the company’s last price. This was revealed in a research report on Tuesday, 22 November.

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. $121 is the highest target while $80 is the lowest. The $92.60 average target is 24.92% above today’s ($74.13) stock price. Dycom has been the topic of 10 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Wednesday, November 25 by FBR Capital. Stifel Nicolaus reinitiated the stock with “Buy” rating in Tuesday, January 5 report. The stock has “Outperform” rating given by FBR Capital on Thursday, August 27. The rating was maintained by FBR Capital on Tuesday, November 22 with “Outperform”. The stock of Dycom Industries, Inc. (NYSE:DY) earned “Buy” rating by Canaccord Genuity on Wednesday, May 11. The company was initiated on Monday, April 11 by Stephens. The firm earned “Buy” rating on Tuesday, December 15 by DA Davidson. The stock has “Neutral” rating given by DA Davidson on Monday, November 9. The rating was maintained by FBR Capital with “Outperform” on Thursday, August 25. The company was maintained on Friday, May 20 by Stifel Nicolaus.

The stock decreased 20.25% or $18.82 during the last trading session, hitting $74.13. 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.

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

Hodges Capital Inc last reported 0.14% of its portfolio in the stock. Walleye Trading Llc holds 0% of its portfolio in Dycom Industries, Inc. (NYSE:DY) for 298 shares. Macquarie Limited has invested 0.01% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Advsr Preferred Limited Liability Com accumulated 0.01% or 155 shares. Electron Capital holds 6,030 shares or 0.13% of its portfolio. Moreover, Scout Investments has 0.14% invested in Dycom Industries, Inc. (NYSE:DY) for 56,182 shares. Burney Communications accumulated 0.16% or 25,424 shares. Teachers holds 0.01% or 51,743 shares in its portfolio. Ameriprise last reported 0.01% of its portfolio in the stock. The Virginia-based Virginia Retirement Sys Et Al has invested 0.03% in Dycom Industries, Inc. (NYSE:DY). Engineers Gate Manager Ltd Partnership has 58,871 shares for 0.38% of their US portfolio. Fmr Ltd Liability Corporation holds 0.01% or 1.21M shares in its portfolio. The Washington-based Archon Mgmt Limited Liability Company has invested 1.19% in Dycom Industries, Inc. (NYSE:DY). Teacher Retirement Systems Of Texas holds 4,547 shares or 0% of its portfolio. Legal General Grp Inc Public Lc, a United Kingdom-based fund reported 7,450 shares.

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

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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