Blair William & Co. IL maintained its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,800 shares of the technology company’s stock at the end of the 2nd quarter. Blair William & Co. IL owned approximately 0.05% of Daktronics worth $229,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Daktronics by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 304,805 shares of the technology company’s stock worth $2,880,000 after buying an additional 10,975 shares during the period. Thrivent Financial For Lutherans grew its position in shares of Daktronics by 5.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 22,860 shares of the technology company’s stock worth $216,000 after buying an additional 1,280 shares during the period. AXA acquired a new stake in shares of Daktronics during the 1st quarter worth approximately $183,000. RidgeWorth Capital Management LLC grew its position in shares of Daktronics by 15.2% during the 1st quarter. RidgeWorth Capital Management LLC now owns 1,580,957 shares of the technology company’s stock worth $14,940,000 after buying an additional 209,008 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Daktronics by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 2,059,535 shares of the technology company’s stock worth $19,462,000 after buying an additional 118,435 shares during the period. 51.71% of the stock is owned by institutional investors.
In related news, insider Carla S. Gatzke sold 2,988 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $10.00, for a total transaction of $29,880.00. Following the completion of the transaction, the insider now owns 436,130 shares in the company, valued at $4,361,300. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John L. Mulligan sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $9.83, for a total value of $157,280.00. Following the transaction, the director now owns 72,953 shares of the company’s stock, valued at approximately $717,127.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,124 shares of company stock valued at $786,820. 8.20% of the stock is owned by corporate insiders.
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Shares of Daktronics, Inc. (DAKT) opened at 9.59 on Friday. Daktronics, Inc. has a 12 month low of $7.84 and a 12 month high of $11.12. The firm has a market cap of $424.29 million, a P/E ratio of 32.96 and a beta of 1.25. The stock’s 50 day moving average is $9.55 and its 200 day moving average is $9.46.
Daktronics (NASDAQ:DAKT) last announced its earnings results on Tuesday, August 22nd. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $172.70 million during the quarter, compared to the consensus estimate of $165 million. Daktronics had a return on equity of 6.53% and a net margin of 2.20%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 earnings per share. Equities research analysts expect that Daktronics, Inc. will post $0.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Monday, September 11th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.92%. Daktronics’s dividend payout ratio is presently 96.56%.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Daktronics from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Thursday, August 24th. BidaskClub raised shares of Daktronics from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $11.83.
Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.
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