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 company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $20.01, for a total transaction of $72,756.36. Following the completion of the sale, the insider directly owned 48,371 shares of the company’s stock, valued at approximately $967,903.71. This trade 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 can be accessed through the SEC website.

Daktronics Stock Down 1.8%

Shares of NASDAQ:DAKT traded down $0.36 during trading hours on Thursday, hitting $19.52. The company’s stock had a trading volume of 324,788 shares, compared to its average volume of 473,685. The firm’s fifty day moving average price is $19.91 and its 200 day moving average price is $21.10. Daktronics, Inc. has a 52 week low of $15.59 and a 52 week high of $28.27. The company has a market capitalization of $942.38 million, a price-to-earnings ratio of 21.45, a P/E/G ratio of 0.60 and a beta of 1.67. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.31 and a quick ratio of 1.74.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings data on Wednesday, June 24th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. The company had revenue of $208.61 million for the quarter, compared to analyst estimates 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 company posted ($0.19) earnings per share. As a group, research analysts expect that Daktronics, Inc. will post 1.3 EPS for the current year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Daktronics

Several institutional investors have recently added to or reduced their stakes in DAKT. Invesco Ltd. lifted its holdings 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 purchasing an additional 408,037 shares during the period. Boston Partners purchased a new position in Daktronics during the 4th quarter worth approximately $6,248,000. Breach Inlet Capital Management LLC lifted its stake in Daktronics by 32.8% during the 4th quarter. Breach Inlet Capital Management LLC now owns 1,272,552 shares of the technology company’s stock valued at $25,158,000 after acquiring an additional 314,133 shares during the period. Thrivent Financial for Lutherans acquired a new stake in Daktronics during the 4th quarter valued at approximately $5,364,000. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Daktronics by 161.2% in the 1st quarter. Hillsdale Investment Management Inc. now owns 392,089 shares of the technology company’s stock valued at $7,665,000 after acquiring an additional 241,969 shares during the last quarter. Institutional investors and hedge funds own 61.69% of the company’s stock.

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.