Short Interest Alert: What’s Dycom Industries Incorporated (NYSE:DY) Upside After This Short Interest Increase?

December 1, 2016 - By Vivian Park   ·   0 Comments

Short Interest Alert: What's Dycom Industries Incorporated (NYSE:DY) Upside After This Short Interest Increase?

The stock of Dycom Industries Incorporated (NYSE:DY) registered an increase of 4.59% in short interest. DY’s total short interest was 6.26M shares in December as published by FINRA. Its up 4.59% from 5.98M shares, reported previously. With 881,100 shares average volume, it will take short sellers 7 days to cover their DY’s short positions. The short interest to Dycom Industries Incorporated’s float is 22.26%. About 673,646 shares traded hands. Dycom Industries, Inc. (NYSE:DY) has risen 4.32% since April 28, 2016 and is uptrending. It has underperformed by 1.61% the S&P500.

Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States and in Canada. The company has a market cap of $2.30 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 15.7 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.

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.
Alliancebernstein L P owns 570,646 shares or 0.04% of their US portfolio. Moreover, Thompson Davis And has 0.35% invested in Dycom Industries, Inc. (NYSE:DY) for 2,434 shares. Schroder Gp has invested 0.08% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Capstone Asset Co holds 0.03% or 12,070 shares in its portfolio. Parametric Port Limited Liability accumulated 0.02% or 125,183 shares. Princeton Capital Management Inc last reported 0.43% of its portfolio in the stock. Stephens Incorporated Ar holds 38,312 shares or 0.15% of its portfolio. Swiss National Bank & Trust, a Switzerland-based fund reported 55,800 shares. Moreover, Castleark Management Ltd Llc has 0.48% invested in Dycom Industries, Inc. (NYSE:DY) for 166,120 shares. Oppenheimer And Co has 0.03% invested in the company for 11,649 shares. Jpmorgan Chase & Communications last reported 0% of its portfolio in the stock. Partnervest Advisory Service Ltd Liability Corporation has 0.23% invested in the company for 5,144 shares. Hsbc Public Limited Co last reported 0% of its portfolio in the stock. Moreover, Cap Growth Mngmt Lp has 0.16% invested in Dycom Industries, Inc. (NYSE:DY) for 40,000 shares. Moreover, Blackrock Fund Advsrs has 0.04% invested in Dycom Industries, Inc. (NYSE:DY) for 1.96M shares.

Insider Transactions: Since July 8, 2016, the stock had 0 insider buys, and 5 sales for $4.25 million net activity. HIGGINS PATRICIA also sold $890,186 worth of Dycom Industries, Inc. (NYSE:DY) on Friday, July 8. Shares for $440,390 were sold by COLEY STEPHEN C. $145,627 worth of Dycom Industries, Inc. (NYSE:DY) shares were sold by Baxter Thomas G. On Friday, July 8 Roach Rebecca Brightly sold $94,370 worth of the stock or 1,000 shares. Vilsoet Richard B had sold 28,642 shares worth $2.68M.

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

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 recent Dycom Industries, Inc. (NYSE:DY) news were published by: Fool.com which released: “Why Shares of Dycom Industries Inc. Are Down 14%” on October 26, 2016. Also Prnewswire.com published the news titled: “Dycom Industries, Inc. Announces Release Of Fiscal 2017 First Quarter Results …” on November 16, 2016. Investorplace.com‘s news article titled: “Why Medtronic PLC (MDT), Dycom Industries, Inc. (DY) and Palo Alto Networks …” with publication date: November 22, 2016 was also an interesting one.

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By Vivian Park


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