Neumeier Poma Investment Counsel LLC Has $43.16 Million Holdings in Dycom Industries, Inc. (NYSE:DY)

Neumeier Poma Investment Counsel LLC lessened its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,959 shares of the construction company's stock after selling 33,666 shares during the quarter. Dycom Industries accounts for 4.2% of Neumeier Poma Investment Counsel LLC's investment portfolio, making the stock its 3rd largest position. Neumeier Poma Investment Counsel LLC owned approximately 0.85% of Dycom Industries worth $43,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its position in shares of Dycom Industries by 46.5% in the third quarter. Stifel Financial Corp now owns 20,232 shares of the construction company's stock valued at $3,988,000 after acquiring an additional 6,418 shares in the last quarter. Nordea Investment Management AB acquired a new position in shares of Dycom Industries during the 4th quarter valued at about $1,171,000. JPMorgan Chase & Co. grew its holdings in Dycom Industries by 65.8% in the third quarter. JPMorgan Chase & Co. now owns 80,320 shares of the construction company's stock valued at $15,831,000 after purchasing an additional 31,864 shares during the period. Principal Financial Group Inc. increased its position in Dycom Industries by 4.3% during the third quarter. Principal Financial Group Inc. now owns 666,051 shares of the construction company's stock worth $131,278,000 after purchasing an additional 27,370 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Dycom Industries by 209.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 390 shares of the construction company's stock worth $68,000 after buying an additional 264 shares during the period. Hedge funds and other institutional investors own 98.33% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have issued reports on DY shares. KeyCorp lowered their price objective on shares of Dycom Industries from $229.00 to $201.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. B. Riley cut their price target on Dycom Industries from $234.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, March 19th. Finally, Raymond James lifted their price objective on Dycom Industries from $210.00 to $215.00 and gave the stock a "strong-buy" rating in a report on Tuesday, February 4th. One 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $204.38.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $152.84 on Tuesday. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. The firm has a 50-day simple moving average of $170.35 and a 200 day simple moving average of $180.07. Dycom Industries, Inc. has a fifty-two week low of $133.00 and a fifty-two week high of $207.20. The company has a market cap of $4.43 billion, a PE ratio of 20.11, a P/E/G ratio of 1.29 and a beta of 1.34.

Dycom Industries declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 3.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Dycom Industries

In other Dycom Industries 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 shares were sold at an average price of $175.08, for a total value of $507,732.00. Following the sale, the director now owns 14,533 shares in the company, valued at approximately $2,544,437.64. This trade represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.28% of the company's stock.

Dycom Industries Company 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.