Insider Selling: Dycom Industries CFO Unloads 692 Shares of Stock (DY)
Dycom Industries (NYSE:DY) CFO H Andrew Deferrari sold 692 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $30.53, for a total transaction of $21,126.76. Following the completion of the sale, the chief financial officer now directly owns 65,624 shares of the company’s stock, valued at approximately $2,003,501. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on DY. Analysts at Zacks reiterated an “underperform” rating on shares of Dycom Industries in a research note on Friday, May 30th. They now have a $27.00 price target on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Dycom Industries from $33.00 to $35.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.36.
Shares of Dycom Industries (NYSE:DY) traded up 1.26% during mid-day trading on Monday, hitting $29.74. The stock had a trading volume of 6,803 shares. Dycom Industries has a 52-week low of $23.69 and a 52-week high of $34.00. The stock’s 50-day moving average is $30.59 and its 200-day moving average is $29.90. The company has a market cap of $1.010 billion and a P/E ratio of 26.58.
Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.01. The company had revenue of $426.30 million for the quarter, compared to the consensus estimate of $429.56 million. During the same quarter last year, the company posted $0.21 earnings per share. Dycom Industries’s revenue was down 2.5% compared to the same quarter last year. On average, analysts predict that Dycom Industries will post $1.16 earnings per share for the current fiscal year.
Dycom Industries, Inc is a provider of specialty contracting services. The services, which are provided throughout the United States and in Canada, include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities and others.
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