Daktronics, Inc. (NASDAQ:DAKT - Get Free Report) EVP Bradley Wiemann sold 4,000 shares of the stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $19.22, for a total transaction of $76,880.00. Following the completion of the transaction, the executive vice president owned 125,946 shares in the company, valued at $2,420,682.12. This trade represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Daktronics Stock Performance
Shares of NASDAQ DAKT opened at $19.73 on Wednesday. Daktronics, Inc. has a 12-month low of $15.59 and a 12-month high of $28.27. The firm has a market capitalization of $952.56 million, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 0.65 and a beta of 1.67. The company has a current ratio of 2.31, a quick ratio of 1.74 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $19.96 and a 200 day moving average of $21.17.
Daktronics (NASDAQ:DAKT - Get Free Report) last released its quarterly earnings results on Wednesday, June 24th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. The business had revenue of $208.61 million for the quarter, compared to the consensus estimate of $205.27 million. Daktronics had a net margin of 5.41% and a return on equity of 17.62%. During the same period last year, the firm earned ($0.19) earnings per share. On average, research analysts anticipate that Daktronics, Inc. will post 1.21 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Daktronics by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,210 shares of the technology company's stock worth $295,000 after buying an additional 1,476 shares during the period. Empowered Funds LLC lifted its position in shares of Daktronics by 2.1% in the first quarter. Empowered Funds LLC now owns 242,535 shares of the technology company's stock valued at $2,954,000 after acquiring an additional 4,926 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Daktronics by 31.4% in the second quarter. Rhumbline Advisers now owns 76,152 shares of the technology company's stock valued at $1,151,000 after acquiring an additional 18,202 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Daktronics by 204.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,046 shares of the technology company's stock worth $46,000 after acquiring an additional 2,045 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Daktronics by 399.2% in the second quarter. Invesco Ltd. now owns 510,243 shares of the technology company's stock worth $7,715,000 after acquiring an additional 408,037 shares during the period. Hedge funds and other institutional investors own 61.69% of the company's stock.
Wall Street Analyst Weigh In
DAKT has been the topic of several analyst reports. Roth Capital lifted their target price on Daktronics from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Weiss Ratings raised Daktronics from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, June 25th. Wall Street Zen cut Daktronics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 4th. Finally, Zacks Research upgraded Daktronics from a "strong sell" rating to a "hold" rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $29.00.
Read Our Latest Report on DAKT
About Daktronics
(
Get Free Report)
Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.
The company's primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.
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