Brookstone Capital Management Acquires 1,732 Shares of Dycom Industries, Inc. $DY

Brookstone Capital Management raised its holdings in Dycom Industries, Inc. (NYSE:DY) by 70.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,178 shares of the construction company’s stock after acquiring an additional 1,732 shares during the period. Brookstone Capital Management’s holdings in Dycom Industries were worth $1,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in Dycom Industries by 4,626.1% during the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after acquiring an additional 2,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Dycom Industries by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after acquiring an additional 4,985 shares during the period. Invesco Ltd. boosted its stake in shares of Dycom Industries by 7.0% in the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after purchasing an additional 14,891 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after buying an additional 68 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Dycom Industries by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DY. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Wells Fargo & Company raised their price target on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. UBS Group reiterated a “buy” rating and issued a $611.00 target price on shares of Dycom Industries in a research note on Friday, May 29th. Guggenheim lifted their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, KeyCorp boosted their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to data from MarketBeat.com, Dycom Industries currently has an average rating of “Buy” and an average price target of $554.92.

Dycom Industries Price Performance

NYSE:DY opened at $491.53 on Friday. The firm has a market capitalization of $14.76 billion, a price-to-earnings ratio of 46.77, a P/E/G ratio of 0.85 and a beta of 1.49. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The stock has a fifty day moving average of $445.04 and a 200 day moving average of $396.18. Dycom Industries, Inc. has a 52-week low of $233.00 and a 52-week high of $566.47.

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

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.