Thrivent Financial for Lutherans Buys New Shares in Daktronics, Inc. $DAKT

Thrivent Financial for Lutherans bought a new stake in shares of Daktronics, Inc. (NASDAQ:DAKT) during the fourth quarter, Holdings Channel reports. The institutional investor bought 271,301 shares of the technology company’s stock, valued at approximately $5,364,000.

A number of other institutional investors also recently modified their holdings of DAKT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Daktronics by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,210 shares of the technology company’s stock valued at $295,000 after acquiring an additional 1,476 shares during the period. Empowered Funds LLC raised its holdings in Daktronics by 2.1% during the first quarter. Empowered Funds LLC now owns 242,535 shares of the technology company’s stock worth $2,954,000 after buying an additional 4,926 shares during the last quarter. Rhumbline Advisers raised its holdings in Daktronics by 31.4% during the second quarter. Rhumbline Advisers now owns 76,152 shares of the technology company’s stock worth $1,151,000 after buying an additional 18,202 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Daktronics by 204.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,046 shares of the technology company’s stock worth $46,000 after buying an additional 2,045 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in 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 buying an additional 408,037 shares during the last quarter. Institutional investors and hedge funds own 61.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DAKT shares. Wall Street Zen upgraded shares of Daktronics from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Weiss Ratings downgraded shares of Daktronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Zacks Research downgraded shares of Daktronics from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Daktronics Stock Performance

Shares of DAKT stock opened at $19.73 on Friday. The firm has a 50-day moving average of $19.87 and a 200-day moving average of $20.82. The company has a market cap of $952.96 million, a P/E ratio of 35.87, a P/E/G ratio of 0.54 and a beta of 1.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 1.68. Daktronics, Inc. has a one year low of $13.05 and a one year high of $28.27.

Daktronics (NASDAQ:DAKT) last announced its earnings results on Wednesday, March 4th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09). The firm had revenue of $181.87 million during the quarter, compared to analysts’ expectations of $181.00 million. Daktronics had a net margin of 3.43% and a return on equity of 16.55%. Equities research analysts forecast that Daktronics, Inc. will post 0.94 EPS for the current fiscal year.

About Daktronics

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.