Daktronics (DAKT) Rating Increased to Hold at ValuEngine
ValuEngine upgraded shares of Daktronics (NASDAQ:DAKT) from a sell rating to a hold rating in a report published on Wednesday morning.
DAKT has been the subject of several other research reports. Zacks Investment Research raised Daktronics from a sell rating to a hold rating in a report on Tuesday, January 2nd. TheStreet downgraded Daktronics from a b- rating to a c+ rating in a report on Wednesday, February 21st. Sidoti started coverage on Daktronics in a research report on Wednesday, January 24th. They set a neutral rating and a $10.00 price objective on the stock. Finally, BidaskClub upgraded Daktronics from a strong sell rating to a sell rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Daktronics has a consensus rating of Hold and a consensus price target of $10.50.
Shares of Daktronics (NASDAQ DAKT) opened at $9.26 on Wednesday. Daktronics has a twelve month low of $8.58 and a twelve month high of $10.86. The stock has a market capitalization of $411.83, a price-to-earnings ratio of 28.06 and a beta of 1.16. The company has a current ratio of 2.18, a quick ratio of 1.60 and a debt-to-equity ratio of 0.08.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Monday, March 12th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, March 9th. Daktronics’s payout ratio is 121.74%.
A number of hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new position in Daktronics during the 4th quarter worth $169,000. Municipal Employees Retirement System of Michigan increased its position in Daktronics by 592.0% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 104,150 shares of the technology company’s stock worth $950,000 after buying an additional 89,100 shares during the period. Two Sigma Advisers LP increased its position in Daktronics by 5.4% during the 4th quarter. Two Sigma Advisers LP now owns 182,413 shares of the technology company’s stock worth $1,665,000 after buying an additional 9,300 shares during the period. Stone Ridge Asset Management LLC bought a new position in Daktronics during the 4th quarter worth $670,000. Finally, Guggenheim Capital LLC bought a new position in Daktronics during the 4th quarter worth $784,000. Hedge funds and other institutional investors own 55.49% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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