Knights of Columbus Asset Advisors LLC acquired a new stake in Daktronics, Inc. (NASDAQ:DAKT – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 52,162 shares of the technology company’s stock, valued at approximately $1,031,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Daktronics by 6.5% in the first 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 in the last quarter. Empowered Funds LLC grew its stake in Daktronics by 2.1% in the 1st quarter. Empowered Funds LLC now owns 242,535 shares of the technology company’s stock valued at $2,954,000 after purchasing an additional 4,926 shares during the period. Rhumbline Advisers increased its position in shares of Daktronics by 31.4% during the 2nd quarter. Rhumbline Advisers now owns 76,152 shares of the technology company’s stock valued at $1,151,000 after purchasing an additional 18,202 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Daktronics by 204.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,046 shares of the technology company’s stock valued at $46,000 after purchasing an additional 2,045 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Daktronics by 399.2% during the 2nd 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. Hedge funds and other institutional investors own 61.69% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on DAKT shares. Zacks Research lowered shares of Daktronics from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Weiss Ratings cut shares of Daktronics from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Finally, Wall Street Zen upgraded shares of Daktronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.
Daktronics Trading Up 0.9%
Shares of DAKT opened at $20.62 on Friday. Daktronics, Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $28.27. The business has a 50-day moving average of $19.84 and a 200 day moving average of $20.86. The firm has a market cap of $995.95 million, a P/E ratio of 37.49, a price-to-earnings-growth ratio of 0.57 and a beta of 1.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.68 and a current ratio of 2.22.
Daktronics (NASDAQ:DAKT – Get Free Report) last released its quarterly earnings data 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 business had revenue of $181.87 million for 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%. As a group, research analysts forecast that Daktronics, Inc. will post 0.94 EPS for the current year.
Daktronics 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.
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