The VP & Secretary of Dycom (NYSE: DY) is Selling Shares

By Carrie Williams

Today, the VP & Secretary of Dycom (NYSE: DY), Richard Vilsoet, sold shares of DY for $236.9K.

Following Richard Vilsoet’s last DY Sell transaction on January 13, 2017, the stock climbed by 15.6%. In addition to Richard Vilsoet, one other DY executive reported Sell trades in the last month.

Based on Dycom’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $701 million and quarterly net profit of $23.66 million. In comparison, last year the company earned revenue of $559 million and had a net profit of $15.47 million. The company has a one year high of $98.47 and a one year low of $56.10. DY’s market cap is $2.99B and the company has a P/E ratio of 19.40.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $117.50, reflecting a -18.6% downside.

The insider sentiment on Dycom has been negative according to 41 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Richard Vilsoet’s trades have generated a -49.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Dycom Industries, Inc. provides specialty contracting services throughout the United States and in Canada. Its services include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including other construction and maintenance services to electric and gas utilities, and others. It’s also provides services include the placement and splicing of fiber, copper, and coaxial cables. The company was founded in 1969 and is headquartered in Palm Beach Gardens, FL.