First Bank & Trust Sells 199,776 Shares of Daktronics, Inc. $DAKT

First Bank & Trust cut its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 33.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 392,028 shares of the technology company’s stock after selling 199,776 shares during the quarter. Daktronics accounts for about 1.4% of First Bank & Trust’s investment portfolio, making the stock its 11th largest holding. First Bank & Trust owned approximately 0.81% of Daktronics worth $8,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Daktronics by 7.0% in the second quarter. American Century Companies Inc. now owns 1,619,937 shares of the technology company’s stock worth $24,493,000 after purchasing an additional 105,313 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Daktronics by 3.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 76,599 shares of the technology company’s stock valued at $1,158,000 after buying an additional 2,360 shares during the period. Inspire Investing LLC grew its holdings in Daktronics by 206.3% in the 2nd quarter. Inspire Investing LLC now owns 86,188 shares of the technology company’s stock worth $1,303,000 after acquiring an additional 58,047 shares during the last quarter. Breach Inlet Capital Management LLC increased its position in shares of Daktronics by 82.6% in the first quarter. Breach Inlet Capital Management LLC now owns 1,656,758 shares of the technology company’s stock valued at $20,179,000 after acquiring an additional 749,444 shares during the period. Finally, CSM Advisors LLC bought a new position in shares of Daktronics during the second quarter valued at about $6,242,000. 61.69% of the stock is owned by hedge funds and other institutional investors.

Daktronics Stock Down 0.9%

DAKT stock opened at $18.82 on Friday. The company has a market capitalization of $917.48 million, a price-to-earnings ratio of 144.78, a price-to-earnings-growth ratio of 0.55 and a beta of 1.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.71 and a current ratio of 2.23. The business’s 50 day moving average price is $19.03 and its two-hundred day moving average price is $17.94. Daktronics, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $24.38.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings results on Wednesday, December 10th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.08. The company had revenue of $229.25 million for the quarter, compared to analysts’ expectations of $213.93 million. Daktronics had a return on equity of 15.42% and a net margin of 0.96%.During the same period in the prior year, the firm earned $0.27 earnings per share. As a group, analysts forecast that Daktronics, Inc. will post 0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen raised Daktronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Daktronics in a report on Monday, December 15th. Finally, Zacks Research downgraded Daktronics from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Daktronics has an average rating of “Hold” and a consensus price target of $26.00.

About Daktronics

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.