Credit Agricole S A Sells 1,101 Shares of 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 trimmed its position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,144 shares of the construction company's stock after selling 1,101 shares during the quarter. 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 made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new position in Dycom Industries during the fourth quarter worth about $80,584,000. OVERSEA CHINESE BANKING Corp Ltd grew its position in Dycom Industries by 851.6% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company's stock worth $72,459,000 after buying an additional 425,652 shares during the period. Assenagon Asset Management S.A. grew its position in Dycom Industries by 327.1% during the first quarter. Assenagon Asset Management S.A. now owns 399,226 shares of the construction company's stock worth $60,818,000 after buying an additional 305,755 shares during the period. Point72 Asset Management L.P. grew its position in Dycom Industries by 261.6% during the fourth quarter. Point72 Asset Management L.P. now owns 224,277 shares of the construction company's stock worth $39,038,000 after buying an additional 162,262 shares during the period. Finally, Nuveen LLC acquired a new position in Dycom Industries during the first quarter worth about $21,451,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DY. Zacks Research upgraded shares of Dycom Industries to a "hold" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. increased their price target on shares of Dycom Industries from $250.00 to $275.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. B. Riley increased their price target on shares of Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Raymond James Financial increased their price target on shares of Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company increased their price target on shares of Dycom Industries from $250.00 to $295.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Dycom Industries presently has a consensus rating of "Buy" and a consensus price target of $289.43.

Dycom Industries Stock Performance

Shares of NYSE DY traded up $1.13 during trading hours on Thursday, hitting $256.76. 340,820 shares of the stock were exchanged, compared to its average volume of 442,043. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. The company's 50 day moving average is $257.38 and its 200 day moving average is $206.45. The firm has a market capitalization of $7.43 billion, a P/E ratio of 28.85, a P/E/G ratio of 1.26 and a beta of 1.34. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $285.64.

Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share 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 the consensus estimate of $1.41 billion. During the same period in the prior year, the firm earned $2.46 EPS. 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. On average, research analysts expect that Dycom Industries, Inc. will post 7.13 EPS 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.