Bradley Wiemann Sells 4,000 Shares of Daktronics (NASDAQ:DAKT) Stock

Daktronics, Inc. (NASDAQ:DAKT) EVP Bradley Wiemann sold 4,000 shares of the stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $19.22, for a total value of $76,880.00. Following the completion of the transaction, the executive vice president directly owned 125,946 shares in the company, valued at $2,420,682.12. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Daktronics Trading Down 0.7%

Daktronics stock opened at $19.59 on Thursday. The company has a quick ratio of 1.74, a current ratio of 2.31 and a debt-to-equity ratio of 0.18. 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 $945.81 million, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 0.65 and a beta of 1.67. The stock has a 50-day moving average price of $19.96 and a 200 day moving average price of $21.16.

Daktronics (NASDAQ:DAKT) last issued its earnings results on Wednesday, June 24th. The technology company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Daktronics had a return on equity of 17.62% and a net margin of 5.41%.The firm had revenue of $208.61 million for the quarter, compared to analyst estimates of $205.27 million. During the same quarter in the prior year, the firm earned ($0.19) earnings per share. Sell-side analysts anticipate that Daktronics, Inc. will post 1.21 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on DAKT. Wall Street Zen lowered shares of Daktronics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings raised shares of Daktronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. Zacks Research raised Daktronics from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Roth Capital lifted their price objective on Daktronics from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. One research 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.com, Daktronics currently has a consensus rating of “Hold” and a consensus price target of $29.00.

Hedge Funds Weigh In On Daktronics

Large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Daktronics by 0.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,856 shares of the technology company’s stock valued at $1,440,000 after buying an additional 519 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Daktronics by 7.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,601 shares of the technology company’s stock worth $210,000 after acquiring an additional 707 shares in the last quarter. Royal Bank of Canada grew its position in shares of Daktronics by 12.7% during the 4th quarter. Royal Bank of Canada now owns 6,430 shares of the technology company’s stock valued at $127,000 after acquiring an additional 724 shares during the period. Osaic Holdings Inc. grew its position in shares of Daktronics by 3.2% during the 2nd quarter. Osaic Holdings Inc. now owns 23,638 shares of the technology company’s stock valued at $357,000 after acquiring an additional 728 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of Daktronics by 5.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,195 shares of the technology company’s stock valued at $261,000 after purchasing an additional 730 shares in the last quarter. 61.69% of the stock is currently owned by institutional investors and hedge funds.

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.