Brookstone Capital Management Buys New Position in Dycom Industries, Inc. $DY

Brookstone Capital Management acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the 3rd quarter, Holdings Channel reports. The firm acquired 1,810 shares of the construction company’s stock, valued at approximately $528,000.

A number of other large investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Dycom Industries in the second quarter valued at about $34,671,000. Voya Investment Management LLC raised its stake in Dycom Industries by 1,432.2% in the 1st quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock valued at $22,071,000 after acquiring an additional 135,427 shares during the period. Peconic Partners LLC boosted its position in Dycom Industries by 2.8% during the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after purchasing an additional 105,586 shares during the period. Appian Way Asset Management LP increased its stake in shares of Dycom Industries by 108.1% in the first quarter. Appian Way Asset Management LP now owns 189,685 shares of the construction company’s stock worth $28,897,000 after purchasing an additional 98,542 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Dycom Industries by 3.2% in the first quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company’s stock worth $225,676,000 after purchasing an additional 45,562 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Stock Down 0.3%

Shares of NYSE DY opened at $342.64 on Wednesday. The company has a market cap of $9.92 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.77 and a beta of 1.36. The firm’s fifty day moving average is $323.55 and its 200 day moving average is $284.88. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $366.65.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.15 by $0.48. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business earned $2.68 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, equities research analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on DY shares. Wells Fargo & Company raised their price objective on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. UBS Group raised their price target on Dycom Industries from $336.00 to $373.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat, Dycom Industries currently has an average rating of “Buy” and a consensus price target of $376.67.

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.