Dycom Industries Inc.’s filing revealed that its Director Sykes Richard K unloaded Company’s shares for reported $0.18 million on Dec 21. In the deal valued at $92.35 per share,2,000 shares were sold. As a result of this transaction, Sykes Richard K now holds 0 shares worth roughly $ 0.0.
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Then, DUKE DWIGHT B sold 4,534 shares, generating $470,130 in total proceeds. Upon selling the shares at $103.69, the Director now owns 39,139 shares.
Before that, VILLAVERDE SHARON sold 750 shares. Dycom Industries Inc. shares valued at $75,008 were divested by the VP & Chief Accounting Officer at a price of $100.01 per share. As a result of the transaction, VILLAVERDE SHARON now holds 7,579 shares, worth roughly $0.64 million.
Wells Fargo downgraded its Dycom Industries Inc. [DY] rating to an Equal weight from a an Overweight in a research note published on Friday, February 15, 2023; the price target was decreased to $88 from $120. PT values the company’s stock at a premium of 3.31 to its Friday closing price. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late January with a ‘”a Buy”‘ rating. Wells Fargo also remained covering DY and has increased its forecast on August 23, 2021 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wells Fargo revised its rating on March 04, 2021. It rated DY as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of DY
On Friday, Dycom Industries Inc. [NYSE:DY] saw its stock jump 1.01% to $85.09. On the same session, the stock had its day’s lowest price of $82.10, but rose to a high of $85.8576. Over the last five days, the stock has gained 5.97%. Dycom Industries Inc. shares have fallen nearly -9.09% since the year began. Nevertheless, the stocks have fallen -4.10% over the past one year. While a 52-week high of $122.12 was reached on 01/13/23, a 52-week low of $76.21 was recorded on 02/15/23. SMA at 50 days reached $90.75, while 200 days put it at $97.96. A total of 0.51 million shares were traded, compared to the trading of 0.5 million shares in the previous session.
Levels Of Support And Resistance For DY Stock
The 24-hour chart illustrates a support level at 82.84, which if violated will result in even more drops to 80.59. On the upside, there is a resistance level at 86.60. A further resistance level may holdings at 88.11. The Relative Strength Index (RSI) on the 14-day chart is 45.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.27%. Stochastics %K at 40.90% indicates the stock is a holding.
How much short interest is there in Dycom Industries Inc.?
A steep rise in short interest was recorded in Dycom Industries Inc. stocks on Jan 30, 2023, dropping by -0.29 million shares to a total of 1.03 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 1.32 million shares. There was a decline of -28.16%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.05% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.98.
Dycom Industries Inc. [DY] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,001,944 shares, or roughly 10.16% of the outstanding DY shares. In other words, the investor’s shares have risen by 101,305 from its previous 13-F filing of 2900639.0. Additionally, The Vanguard Group, Inc. increased 1.14% of its stake after which the total value it holdings stand at $258,223,526, while Peconic Partners LLC added 1.53% of its stake to hold $240.32 million in the firm. Over the last quarter, AllianceBernstein LP purchased 524,292 shares of Dycom Industries Inc., while Dimensional Fund Advisors LP bought -178,361 shares. At present, Principal Global Investors LLC is holding 1,044,013 shares valued at $99.57 million. SSgA Funds Management, Inc. owned 947,823 shares of the company at the time of its most recent 13F filing, worth $90.39 million.
According to FactSet, Dycom Industries Inc.’s share price will average $116.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 35.33 percent from its previous closing price of $84.24. Analysts expect Dycom Industries Inc. stock to reach the higher price of $145.00, while the lowest price estimate is $88.00. However, 8 analysts have rated DY stock as a Buy in their predictions for 2023.