Dycom Industries, Inc. (NYSE:DY) Stock Holdings Lifted by Amundi

Amundi increased its holdings in Dycom Industries, Inc. (NYSE:DY - Free Report) by 190.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,899 shares of the construction company's stock after acquiring an additional 9,777 shares during the quarter. Amundi owned approximately 0.05% of Dycom Industries worth $2,667,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Lisanti Capital Growth LLC boosted its stake in shares of Dycom Industries by 2.8% during the 4th quarter. Lisanti Capital Growth LLC now owns 23,190 shares of the construction company's stock worth $4,036,000 after acquiring an additional 640 shares in the last quarter. Inceptionr LLC purchased a new stake in Dycom Industries during the 4th quarter worth about $229,000. Arizona State Retirement System raised its stake in Dycom Industries by 0.8% in the 4th quarter. Arizona State Retirement System now owns 8,447 shares of the construction company's stock valued at $1,470,000 after purchasing an additional 70 shares during the last quarter. Reaves W H & Co. Inc. raised its position in shares of Dycom Industries by 232.1% in the fourth quarter. Reaves W H & Co. Inc. now owns 117,429 shares of the construction company's stock valued at $20,440,000 after buying an additional 82,071 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Dycom Industries by 209.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 390 shares of the construction company's stock valued at $68,000 after buying an additional 264 shares during the period. Hedge funds and other institutional investors own 98.33% of the company's stock.

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Insider Transactions at Dycom Industries

In other news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $175.08, for a total transaction of $507,732.00. Following the transaction, the director now owns 14,533 shares of the company's stock, valued at approximately $2,544,437.64. This trade represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jennifer M. Fritzsche sold 430 shares of the company's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total transaction of $74,437.30. Following the transaction, the director now owns 8,873 shares of the company's stock, valued at $1,536,005.03. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.28% of the company's stock.

Wall Street Analyst Weigh In

DY has been the subject of several recent analyst reports. Raymond James lifted their price target on Dycom Industries from $210.00 to $215.00 and gave the company a "strong-buy" rating in a report on Tuesday, February 4th. KeyCorp reduced their price target on shares of Dycom Industries from $229.00 to $201.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Finally, DA Davidson reissued a "buy" rating and issued a $210.00 target price on shares of Dycom Industries in a research note on Tuesday, November 19th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $205.38.

Dycom Industries Stock Down 0.5 %

DY traded down $0.79 during trading hours on Tuesday, reaching $156.67. 177,171 shares of the stock traded hands, compared to its average volume of 354,387. Dycom Industries, Inc. has a fifty-two week low of $133.00 and a fifty-two week high of $207.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.29 and a beta of 1.34. The firm's fifty day simple moving average is $175.50 and its two-hundred day simple moving average is $181.42.

Dycom Industries announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

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.