Brookstone Capital Management Grows Stock Position in Dycom Industries, Inc. $DY

Brookstone Capital Management raised its stake in Dycom Industries, Inc. (NYSE:DY) by 70.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,178 shares of the construction company’s stock after purchasing an additional 1,732 shares during the quarter. Brookstone Capital Management’s holdings in Dycom Industries were worth $1,416,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in shares of Dycom Industries in the fourth quarter worth about $32,000. Kemnay Advisory Services Inc. bought a new stake in Dycom Industries during the 4th quarter valued at approximately $30,000. Acumen Wealth Advisors LLC bought a new stake in shares of Dycom Industries during the fourth quarter valued at approximately $35,000. Optiver Holding B.V. grew its position in shares of Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares during the period. Finally, CI Investments Inc. lifted its position in Dycom Industries by 259.4% during the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after acquiring an additional 83 shares during the period. Institutional investors own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DY. JPMorgan Chase & Co. increased their target price on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Weiss Ratings cut shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 18th. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. KeyCorp raised their price objective on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Cantor Fitzgerald lifted their price target on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Stock Up 1.7%

NYSE:DY opened at $491.53 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The company has a 50-day moving average of $445.04 and a 200 day moving average of $396.18. Dycom Industries, Inc. has a 1-year low of $233.00 and a 1-year high of $566.47. The firm has a market cap of $14.76 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 0.85 and a beta of 1.49.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. Dycom Industries’s revenue was up 56.1% compared to the same quarter last year. During the same period last year, the company posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, research analysts anticipate that Dycom Industries, Inc. will post 15.42 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.