Neumeier Poma Investment Counsel LLC Acquires Shares of 120,636 Dycom Industries, Inc. $DY

Neumeier Poma Investment Counsel LLC bought a new position in Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 120,636 shares of the construction company’s stock, valued at approximately $60,992,355. Dycom Industries accounts for about 0.0% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its biggest position. Neumeier Poma Investment Counsel LLC owned 0.40% of Dycom Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after acquiring an additional 23,903,375 shares in the last quarter. Peconic Partners LLC boosted its stake in shares of Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after buying an additional 105,586 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Dycom Industries in the second quarter valued at approximately $1,513,523,000. First Trust Advisors LP lifted its position in Dycom Industries by 27.8% during the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock worth $270,615,000 after acquiring an additional 173,528 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Dycom Industries by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock valued at $245,771,000 after buying an additional 53,993 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

More Dycom Industries News

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Dycom reported second-quarter adjusted EPS of $5.29, above the $4.72 consensus estimate, while revenue reached $2.01 billion versus expectations of $1.98 billion. Revenue increased 45.6% year over year, supported by strong fiber, data-center and Building Systems demand. Dycom Industries beats Q2 forecasts as digital infrastructure demand accelerates
• Positive Sentiment: The company raised its fiscal 2027 revenue outlook to approximately $7.48 billion-$7.66 billion and reported a record $12.2 billion backlog, reflecting continued demand for fiber networks, data-center connectivity and other digital infrastructure. Dycom forecasts fiscal 2027 revenue
• Positive Sentiment: Dycom’s board authorized a $150 million share-repurchase program, allowing the company to buy back up to roughly 1.4% of its outstanding shares. The authorization may signal management believes the stock is undervalued and could support per-share results. Stock Buyback Program Declared by Dycom Industries
• Neutral Sentiment: Analysts at JPMorgan, UBS, Wells Fargo, KeyCorp and Cantor Fitzgerald reduced their price targets following the earnings report but retained bullish ratings, including “overweight” or “buy.” The revisions indicate lower near-term expectations rather than a change in the long-term investment thesis.
• Negative Sentiment: Third-quarter EPS guidance of $4.33-$4.79 fell below analyst expectations, becoming the primary catalyst for the selloff. Management also said approximately $150 million of wireless work was deferred into fiscal 2028, raising concerns about near-term revenue timing and execution. Why Dycom Industries Stock Is Plummeting This Week

Dycom Industries Stock Performance

Shares of DY traded down $13.93 during mid-day trading on Friday, hitting $294.08. The stock had a trading volume of 484,518 shares, compared to its average volume of 490,975. The company’s fifty day simple moving average is $421.24 and its two-hundred day simple moving average is $414.57. The company has a quick ratio of 2.46, a current ratio of 2.35 and a debt-to-equity ratio of 1.35. The company has a market cap of $8.83 billion, a PE ratio of 26.76, a PEG ratio of 0.55 and a beta of 1.54. Dycom Industries, Inc. has a fifty-two week low of $242.55 and a fifty-two week high of $566.47.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 26th. The construction company reported $5.29 earnings per share for the quarter, beating the consensus estimate of $4.72 by $0.57. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.Dycom Industries’s revenue for the quarter was up 45.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.33 earnings per share. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, equities analysts expect that Dycom Industries, Inc. will post 15.45 earnings per share for the current year.

Dycom Industries announced that its Board of Directors has initiated a share buyback program on Wednesday, August 26th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

DY has been the topic of several research analyst reports. Wells Fargo & Company set a $476.00 price target on Dycom Industries in a research report on Thursday. Guggenheim boosted their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. cut their price objective on shares of Dycom Industries from $650.00 to $570.00 and set an “overweight” rating for the company in a research report on Thursday. Wedbush set a $654.00 price target on shares of Dycom Industries in a research note on Friday, May 29th. Finally, Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $514.00.

Dycom Industries Profile

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.