Dycom Industries, Inc. (NYSE:DY) Shares Purchased by Amundi

Amundi lifted its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 190.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,899 shares of the construction company's stock after purchasing an additional 9,777 shares during the quarter. Amundi owned about 0.05% of Dycom Industries worth $2,667,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB boosted its position in shares of Dycom Industries by 11.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 561 shares of the construction company's stock valued at $98,000 after acquiring an additional 56 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Dycom Industries by 25.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company's stock valued at $57,000 after buying an additional 59 shares during the period. Arizona State Retirement System boosted its holdings in Dycom Industries by 0.8% during the 4th quarter. Arizona State Retirement System now owns 8,447 shares of the construction company's stock valued at $1,470,000 after acquiring an additional 70 shares during the period. Anchor Investment Management LLC grew its position in Dycom Industries by 37.6% in the 3rd quarter. Anchor Investment Management LLC now owns 267 shares of the construction company's stock valued at $53,000 after acquiring an additional 73 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in Dycom Industries by 4.5% in the 3rd quarter. HighTower Advisors LLC now owns 1,858 shares of the construction company's stock valued at $366,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Raymond James raised their price target on shares of Dycom Industries from $210.00 to $215.00 and gave the company a "strong-buy" rating in a research report on Tuesday, February 4th. B. Riley decreased their price objective on Dycom Industries from $234.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, KeyCorp cut their target price on shares of Dycom Industries from $229.00 to $201.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $204.38.

Insider Activity at Dycom Industries

In related news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was 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 in the company, valued at $2,544,437.64. This trade represents a 16.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.28% of the company's stock.

Dycom Industries Stock Up 0.7 %

Dycom Industries stock traded up $1.17 during mid-day trading on Thursday, hitting $159.29. The company had a trading volume of 383,271 shares, compared to its average volume of 356,413. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. Dycom Industries, Inc. has a 1 year low of $133.00 and a 1 year high of $207.20. The business has a fifty day moving average of $174.67 and a 200 day moving average of $181.12. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.29 and a beta of 1.34.

Dycom Industries declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 26th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 3.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Dycom Industries 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.