Amundi Sells 2,781 Shares of Dycom Industries, Inc. $DY

Key Points

• Amundi reduced its holdings in Dycom Industries by 18.7% during the 1st quarter, resulting in a total position worth $1.79 million.
• Wall Street analysts have a consensus rating of "Buy" for Dycom Industries, with an average price target of $289.43, and several firms have upgraded their price objectives recently.
• Dycom Industries reported a $3.33 EPS for the last quarter, surpassing expectations, and projected 7.13 EPS for the current fiscal year.

Amundi decreased its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 18.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 12,118 shares of the construction company's stock after selling 2,781 shares during the period. Amundi's holdings in Dycom Industries were worth $1,793,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CW Advisors LLC boosted its holdings in Dycom Industries by 1.0% in the 1st quarter. CW Advisors LLC now owns 9,338 shares of the construction company's stock valued at $1,423,000 after purchasing an additional 91 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock worth $75,000 after acquiring an additional 105 shares during the period. Xponance Inc. lifted its holdings in shares of Dycom Industries by 5.7% during the 1st quarter. Xponance Inc. now owns 2,163 shares of the construction company's stock worth $330,000 after acquiring an additional 116 shares during the period. Versant Capital Management Inc bought a new stake in shares of Dycom Industries during the 1st quarter worth approximately $28,000. Finally, CWM LLC lifted its holdings in shares of Dycom Industries by 40.7% during the 1st quarter. CWM LLC now owns 785 shares of the construction company's stock worth $120,000 after acquiring an additional 227 shares during the period. Institutional investors own 98.33% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DY. UBS Group upped their price target on shares of Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. B. Riley upped their price target on shares of Dycom Industries from $200.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. KeyCorp upped their price target on shares of Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Raymond James Financial upped their price target on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 21st. Finally, DA Davidson upped their price target on shares of Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $289.43.

Dycom Industries Stock Up 3.5%

NYSE DY traded up $9.17 on Thursday, hitting $270.74. 440,196 shares of the company were exchanged, compared to its average volume of 372,659. The company has a market cap of $7.84 billion, a PE ratio of 30.42, a PEG ratio of 1.26 and a beta of 1.18. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $285.64. The stock has a fifty day moving average of $260.90 and a 200-day moving average of $215.20. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74.

Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period last year, the company earned $2.46 earnings per share. The business's revenue was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. As a group, analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.