Koshinski Asset Management Inc. Invests $233,000 in Dycom Industries, Inc. $DY

Koshinski Asset Management Inc. purchased a new position in Dycom Industries, Inc. (NYSE:DY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 955 shares of the construction company’s stock, valued at approximately $233,000.

A number of other hedge funds have also made changes to their positions in the stock. Nordea Investment Management AB lifted its position in shares of Dycom Industries by 5.7% in the second quarter. Nordea Investment Management AB now owns 7,155 shares of the construction company’s stock worth $1,747,000 after purchasing an additional 384 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Dycom Industries in the second quarter worth approximately $224,000. CWM LLC lifted its position in shares of Dycom Industries by 99.0% in the second quarter. CWM LLC now owns 1,562 shares of the construction company’s stock worth $382,000 after purchasing an additional 777 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Dycom Industries in the second quarter worth approximately $435,000. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Dycom Industries in the second quarter worth approximately $221,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Trading Down 2.1%

NYSE:DY opened at $290.15 on Wednesday. The stock’s 50 day moving average price is $272.14 and its 200 day moving average price is $237.36. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $301.88. The company has a market capitalization of $8.40 billion, a P/E ratio of 32.60, a P/E/G ratio of 1.41 and a beta of 1.15. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.92 by $0.41. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted $2.46 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, research analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on DY shares. Bank of America increased their price target on shares of Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, October 8th. KeyCorp increased their price objective on Dycom Industries from $306.00 to $320.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group increased their price objective on Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Wall Street Zen upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $301.38.

About Dycom Industries

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.