Credit Agricole S A Has $1.70 Million Stock Position in Dycom Industries, Inc. $DY

Key Points

• Credit Agricole S A reduced its stake in Dycom Industries by 9.0%, owning 11,144 shares valued at approximately $1.7 million.
• Several hedge funds have adjusted their positions in Dycom, with notable increases from KBC Group NV (18.9%) and Public Employees Retirement System of Ohio (105.5%).
• Dycom Industries reported a quarterly EPS of $3.33, surpassing estimates, while its revenue showed a year-over-year increase of 14.5%.

Credit Agricole S A decreased its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,144 shares of the construction company's stock after selling 1,101 shares during the period. Credit Agricole S A's holdings in Dycom Industries were worth $1,698,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. KBC Group NV raised its stake in shares of Dycom Industries by 18.9% in the 1st quarter. KBC Group NV now owns 1,443 shares of the construction company's stock valued at $220,000 after purchasing an additional 229 shares during the period. SG Americas Securities LLC acquired a new stake in Dycom Industries in the 1st quarter valued at approximately $342,000. Public Employees Retirement System of Ohio lifted its stake in Dycom Industries by 105.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the construction company's stock valued at $194,000 after acquiring an additional 572 shares in the last quarter. J. Goldman & Co LP lifted its stake in Dycom Industries by 25.4% in the 4th quarter. J. Goldman & Co LP now owns 90,253 shares of the construction company's stock valued at $15,709,000 after acquiring an additional 18,289 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in 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 last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Stock Performance

DY traded down $4.05 during trading hours on Friday, reaching $252.44. The company's stock had a trading volume of 278,600 shares, compared to its average volume of 460,946. The company's 50-day moving average is $258.24 and its 200-day moving average is $207.37. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $285.64. The firm has a market cap of $7.31 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16.

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

Analyst Ratings Changes

Several research analysts recently commented on DY shares. JPMorgan Chase & Co. increased their target price on shares of Dycom Industries from $250.00 to $275.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. KeyCorp raised their price objective on Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. B. Riley upped their target price on Dycom Industries from $200.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Raymond James Financial raised their price target on Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 21st. Finally, UBS Group upped their price objective on Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $289.43.

Dycom Industries Company Profile

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.