Neumeier Poma Investment Counsel LLC Takes $60.99 Billion Position in Dycom Industries, Inc. $DY

Neumeier Poma Investment Counsel LLC purchased a new stake in Dycom Industries, Inc. (NYSE:DY) in the 2nd quarter, HoldingsChannel reports. The firm purchased 120,636 shares of the construction company’s stock, valued at approximately $60,992,355,000. Dycom Industries accounts for approximately 4.2% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its biggest position.

A number of other large investors also recently bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new stake in Dycom Industries in the fourth quarter valued at approximately $30,000. Allworth Financial LP purchased a new stake in shares of Dycom Industries in the second quarter valued at approximately $35,000. Acumen Wealth Advisors LLC acquired a new position in shares of Dycom Industries during the 4th quarter worth approximately $35,000. Legacy Wealth Managment LLC ID acquired a new position in shares of Dycom Industries during the 4th quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Guggenheim boosted their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Cantor Fitzgerald increased their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a report on Friday, May 29th. B. Riley Financial lifted their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. KeyCorp boosted their target price on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Wells Fargo & Company upped their price target on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Dycom Industries currently has an average rating of “Moderate Buy” and an average price target of $578.09.

Dycom Industries Price Performance

Dycom Industries stock opened at $393.24 on Monday. The company has a fifty day simple moving average of $431.31 and a 200-day simple moving average of $415.79. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 0.69 and a beta of 1.54. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a 52-week low of $242.55 and a 52-week high of $566.47.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping the consensus estimate of $2.73 by $1.69. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company’s revenue for the quarter was up 56.1% on a year-over-year basis. During the same period last year, the firm posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities analysts anticipate that Dycom Industries, Inc. will post 15.45 EPS for the current fiscal year.

Dycom Industries Company 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.