Daktronics (NASDAQ:DAKT) Insider Sheila Mae Anderson Sells 3,636 Shares of Stock

Daktronics, Inc. (NASDAQ:DAKT) insider Sheila Mae Anderson sold 3,636 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $20.01, for a total transaction of $72,756.36. Following the sale, the insider owned 48,371 shares of the company’s stock, valued at approximately $967,903.71. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Daktronics Stock Up 0.2%

Shares of NASDAQ DAKT opened at $19.91 on Friday. Daktronics, Inc. has a 12-month low of $15.59 and a 12-month high of $28.27. The stock has a fifty day moving average price of $19.93 and a 200 day moving average price of $21.11. 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 company has a market cap of $961.35 million, a P/E ratio of 21.88, a P/E/G ratio of 0.61 and a beta of 1.67.

Daktronics (NASDAQ:DAKT) last announced its earnings results on Wednesday, June 24th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07. Daktronics had a return on equity of 17.62% and a net margin of 5.41%.The business had revenue of $208.61 million for the quarter, compared to the consensus estimate of $205.27 million. During the same period last year, the business posted ($0.19) EPS. Research analysts anticipate that Daktronics, Inc. will post 1.3 EPS for the current fiscal year.

Institutional Trading of Daktronics

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. grew its position in shares of Daktronics by 399.2% during 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 last quarter. Boston Partners bought a new position in Daktronics in the 4th quarter worth about $6,248,000. Breach Inlet Capital Management LLC increased its stake in shares of Daktronics by 32.8% in the fourth quarter. Breach Inlet Capital Management LLC now owns 1,272,552 shares of the technology company’s stock valued at $25,158,000 after purchasing an additional 314,133 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of Daktronics during the fourth quarter worth approximately $5,364,000. Finally, Hillsdale Investment Management Inc. grew its holdings in Daktronics by 161.2% in the 1st quarter. Hillsdale Investment Management Inc. now owns 392,089 shares of the technology company’s stock worth $7,665,000 after buying an additional 241,969 shares in the last quarter. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DAKT shares. Zacks Research raised shares of Daktronics from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Roth Mkm upped their price objective on Daktronics from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings raised Daktronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. Finally, Wall Street Zen upgraded Daktronics from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $29.00.

Daktronics Company Profile

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.