Dycom Industries Inc (DY) Files Form 4 Insider Selling : Richard B Vilsoet Sells 28,642 Shares

Dycom Industries Inc (DY): Richard B Vilsoet , Vice President & Secretary of Dycom Industries Inc sold 28,642 shares on Jul 8, 2016. The Insider selling transaction was reported by the company on Jul 12, 2016 to the Securities and Exchange Commission. The shares were sold at $93.65 per share for a total value of $2,679,875.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 12, 2016, Rebecca Brightly Roach (VP & Chief Accounting Officer) sold 1,000 shares at $94.37 per share price.On Jul 12, 2016, Patricia Higgins (director) sold 9,455 shares at $94.15 per share price.Also, On Jul 12, 2016, Stephen C Coley (director) sold 4,675 shares at $94.20 per share price.On Jul 12, 2016, Thomas G Baxter (director) sold 1,556 shares at $93.59 per share price.

Dycom Industries: On Monday, Jul 11, 2016 heightened volatility was witnessed in Dycom Industries which led to swings in the share price. The shares opened for trading at $95.57 and hit $96.54 on the upside , eventually ending the session at $95.73, with a gain of 0.79% or 0.75 points. The heightened volatility saw the trading volume jump to 5,13,123 shares. The 52-week high of the share price is $96.54 and the company has a market cap of $3,001 M . The 52-week low of the share price is at $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 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.

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