Can Dycom Industries Inc (NYSE:DY)’s Tomorrow Be Different? The Stock Had Decline in Shorts

April 25, 2018 - By Linda Rogers

Investors sentiment increased to 1.01 in 2017 Q4. Its up 0.01, from 1 in 2017Q3. It increased, 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.
Advantus Mgmt Incorporated holds 0.01% of its portfolio in Dycom Industries, Inc. (NYSE:DY) for 3,810 shares. Lpl Financial Llc holds 9,524 shares. First Allied Advisory Ser holds 0.04% or 8,563 shares in its portfolio. Smith Graham And Investment Advisors L P reported 0.74% of its portfolio in Dycom Industries, Inc. (NYSE:DY). Texas Yale Cap Corp reported 0.06% stake. Redmond Asset Limited Liability Co holds 8,090 shares or 0.39% of its portfolio. Great West Life Assurance Can invested in 25,187 shares or 0.01% of the stock. Fdx Advsrs has invested 0.01% in Dycom Industries, Inc. (NYSE:DY). Southernsun Asset Ltd Limited Liability Company holds 806,384 shares or 2.29% of its portfolio. Tower Cap Ltd (Trc) holds 0.01% or 638 shares in its portfolio. New York State Common Retirement Fund has invested 0% of its portfolio in Dycom Industries, Inc. (NYSE:DY). State Board Of Administration Of Florida Retirement Sys, Florida-based fund reported 15,879 shares. Commonwealth Of Pennsylvania School Empls Retrmt stated it has 4,519 shares or 0.01% of all its holdings. Renaissance Technology Ltd Limited Liability Company stated it has 113,900 shares or 0.01% of all its holdings. Natixis stated it has 2,541 shares or 0% of all its holdings.

Since March 7, 2018, it had 0 insider purchases, and 1 insider 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 5.10M 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 rating was maintained by FBR Capital with “Buy” on Wednesday, February 28. The rating was maintained by KeyBanc Capital Markets on Tuesday, November 21 with “Overweight”. The company was maintained on Tuesday, November 21 by Craig Hallum. The stock has “Buy” rating by B. Riley & Co on Tuesday, February 13. The firm earned “Buy” rating on Sunday, December 10 by Stifel Nicolaus. The rating was maintained by FBR Capital on Monday, February 12 with “Buy”. B. Riley & Co maintained the shares of DY in report on Thursday, March 1 with “Buy” rating. The company was maintained on Tuesday, February 13 by Canaccord Genuity. The rating was maintained by FBR Capital with “Buy” on Friday, November 17. KeyBanc Capital Markets maintained Dycom Industries, Inc. (NYSE:DY) on Friday, February 9 with “Overweight” rating.

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

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