Neumeier Poma Investment Counsel LLC Increases Stock Holdings in Dycom Industries, Inc. $DY

Neumeier Poma Investment Counsel LLC grew its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 2.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 166,313 shares of the construction company’s stock after purchasing an additional 4,439 shares during the period. Dycom Industries makes up approximately 4.0% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 3rd largest holding. Neumeier Poma Investment Counsel LLC’s holdings in Dycom Industries were worth $48,523,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of DY. Root Financial Partners LLC acquired a new stake in shares of Dycom Industries in the 3rd quarter worth approximately $26,000. Optiver Holding B.V. lifted its position in Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the period. Salomon & Ludwin LLC bought a new position in Dycom Industries during the 3rd quarter valued at $37,000. UMB Bank n.a. boosted its stake in Dycom Industries by 57.3% during the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after purchasing an additional 47 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Dycom Industries in the second quarter valued at $32,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Insider Buying and Selling

In related news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the transaction, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.72% of the company’s stock.

Dycom Industries Trading Down 1.0%

Shares of NYSE DY opened at $424.14 on Thursday. The firm has a market capitalization of $12.28 billion, a PE ratio of 41.75, a PEG ratio of 1.88 and a beta of 1.36. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $445.52. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $375.36 and a two-hundred day moving average price of $321.64.

Wall Street Analyst Weigh In

DY has been the topic of several research reports. Guggenheim initiated coverage on shares of Dycom Industries in a research report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price target on the stock. Bank of America increased their target price on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday. B. Riley Financial lifted their price target on shares of Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $406.20.

About Dycom Industries

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.