1,810 Shares in Dycom Industries, Inc. $DY Acquired by Brookstone Capital Management

Brookstone Capital Management purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,810 shares of the construction company’s stock, valued at approximately $528,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DY. AlTi Global Inc. increased its stake in shares of Dycom Industries by 20.7% during the second quarter. AlTi Global Inc. now owns 13,097 shares of the construction company’s stock valued at $3,201,000 after acquiring an additional 2,243 shares during the period. Leuthold Group LLC acquired a new stake in Dycom Industries in the 2nd quarter worth approximately $3,762,000. Entropy Technologies LP boosted its holdings in shares of Dycom Industries by 378.1% during the 2nd quarter. Entropy Technologies LP now owns 7,826 shares of the construction company’s stock worth $1,913,000 after buying an additional 6,189 shares during the period. Creative Planning boosted its holdings in Dycom Industries by 88.7% during the second quarter. Creative Planning now owns 12,195 shares of the construction company’s stock valued at $2,980,000 after acquiring an additional 5,731 shares during the period. Finally, Greenleaf Trust acquired a new stake in Dycom Industries in the 2nd quarter valued at approximately $246,000. 98.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Wells Fargo & Company boosted their price target on shares of Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, October 8th. Vertical Research assumed coverage on shares of Dycom Industries in a report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price target for the company. Finally, DA Davidson boosted their price objective on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $376.67.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $342.64 on Wednesday. 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 twelve month low of $131.37 and a twelve month high of $366.65. The company has a 50-day simple moving average of $323.55 and a two-hundred day simple moving average of $284.88. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 1.77 and a beta of 1.36.

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