First Bank & Trust lessened its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 21.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 846,385 shares of the technology company’s stock after selling 230,235 shares during the period. Daktronics makes up approximately 4.9% of First Bank & Trust’s holdings, making the stock its largest holding. First Bank & Trust owned approximately 1.88% of Daktronics worth $6,305,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in DAKT. Bremer Trust National Association purchased a new stake in Daktronics during the 4th quarter valued at $30,000. Capital Investment Advisory Services LLC bought a new position in Daktronics in the 4th quarter valued at $66,000. PNC Financial Services Group Inc. grew its position in Daktronics by 29.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,264 shares of the technology company’s stock valued at $68,000 after acquiring an additional 2,082 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in Daktronics by 262.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,770 shares of the technology company’s stock valued at $72,000 after acquiring an additional 7,076 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in Daktronics in the 4th quarter valued at $82,000. Institutional investors own 58.48% of the company’s stock.
Several brokerages have commented on DAKT. BidaskClub raised Daktronics from a “strong sell” rating to a “sell” rating in a research report on Saturday. Singular Research reaffirmed a “buy” rating on shares of Daktronics in a research report on Monday, March 4th. Finally, TheStreet downgraded Daktronics from a “b-” rating to a “c” rating in a research report on Thursday, February 21st.
DAKT stock traded down $0.05 during trading on Monday, reaching $7.46. 1,366 shares of the company traded hands, compared to its average volume of 145,715. Daktronics, Inc. has a 12 month low of $7.14 and a 12 month high of $10.11. The company has a market cap of $341.64 million, a P/E ratio of 34.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.05 and a quick ratio of 1.49.
Daktronics (NASDAQ:DAKT) last released its quarterly earnings results on Wednesday, February 20th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Daktronics had a net margin of 1.04% and a return on equity of 3.01%. The business had revenue of $115.10 million during the quarter, compared to analysts’ expectations of $129.45 million. During the same quarter last year, the business posted ($0.14) earnings per share. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, analysts anticipate that Daktronics, Inc. will post 0.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Friday, March 8th. Daktronics’s dividend payout ratio (DPR) is presently 127.27%.
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Daktronics Company Profile
Daktronics, Inc designs, manufactures, and sells a range of electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.
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