Neumeier Poma Investment Counsel LLC bought a new position in Dycom Industries, Inc. (NYSE:DY – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 120,636 shares of the construction company’s stock, valued at approximately $60,992,355,000. Dycom Industries comprises 4.2% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its largest position. Neumeier Poma Investment Counsel LLC owned approximately 0.40% of Dycom Industries as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Dycom Industries during the 2nd quarter valued at about $25,003,000. PEAK6 LLC purchased a new position in shares of Dycom Industries in the second quarter worth about $1,011,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Dycom Industries in the second quarter worth about $349,000. Globeflex Capital L P acquired a new stake in shares of Dycom Industries during the second quarter worth about $89,000. Finally, Twin Tree Management LP acquired a new stake in shares of Dycom Industries during the second quarter worth about $1,111,000. Institutional investors and hedge funds own 98.33% of the company’s stock.
Dycom Industries Trading Up 0.1%
Dycom Industries stock opened at $393.24 on Monday. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a 12 month low of $242.55 and a 12 month high of $566.47. The stock’s 50 day simple moving average is $431.31 and its two-hundred day simple moving average is $415.79. The firm has a market cap of $11.81 billion, a PE ratio of 37.42, a P/E/G ratio of 0.69 and a beta of 1.54.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. B. Riley Financial increased their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Cantor Fitzgerald lifted their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Wedbush set a $654.00 price objective on shares of Dycom Industries in a report on Friday, May 29th. JPMorgan Chase & Co. increased their price objective on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings raised shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $578.09.
View Our Latest Stock Analysis on Dycom Industries
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.
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