Dycom Industries Inc (DY) Files Form 4 Insider Selling : Charles B Coe Sells 26,897 Shares

Dycom Industries Inc (DY): Charles B Coe , director of Dycom Industries Inc sold 26,897 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $89.90 per share for a total value of $2,418,040.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 17, 2015, Steven E Nielsen (President & CEO) sold 12,053 shares at $81.89 per share price.On Dec 16, 2015, H Andrew Deferrari (Sr. VP & CFO) sold 9,500 shares at $80.00 per share price.Also, On Dec 1, 2015, Thomas G Baxter (director) sold 15,000 shares at $87.41 per share price.On Jul 7, 2015, Charles B Coe (director) purchased 2,500 shares at $64.14 per share price.

Shares of Dycom Industries (DY) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -3.17 points or -3.53% at $86.71 with 8,25,884 shares getting traded. Post opening the session at $86.3, the shares hit an intraday low of $84.4915 and an intraday high of $90.59 and the price vacillated in this range throughout the day. The company has a market cap of $2,718 M and the number of outstanding shares has been calculated to be 3,13,45,101 shares. The 52-week high of Dycom Industries is $90.82 and the 52-week low is $47.1.

Dycom Industries Money Flow Index Chart

Company has been under the radar of several Street Analysts.Dycom Industries is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 115 from a previous price target of $100 .The Rating was issued on May 25, 2016.Dycom Industries is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 86 from a previous price target of $80 .The Rating was issued on May 20, 2016.Dycom Industries is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 80 from a previous price target of $75 .The Rating was issued on May 11, 2016.Dycom Industries is Initiated by Canaccord Genuity to Buy and the brokerage firm has set the Price Target at $75. The Rating was issued on Apr 12, 2016.

Dycom Industries Inc. is a provider of specialty contracting services throughout the United States and in Canada. The Company through its subsidiaries provides 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. It offers engineering services which include the design of aerial underground and buried fiber optic copper and coaxial cable systems that extend from the telephone company central office or cable operator headend to the consumer’s home or business. 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.

Leave a Reply

Dycom Industries - Is it time to Sell?

Top Brokerage Firms are advising their investors on Dycom Industries. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.