Thrivent Financial for Lutherans Makes New $5.36 Million Investment in Daktronics, Inc. $DAKT

Thrivent Financial for Lutherans bought a new position in shares of Daktronics, Inc. (NASDAQ:DAKT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 271,301 shares of the technology company’s stock, valued at approximately $5,364,000. Thrivent Financial for Lutherans owned about 0.56% of Daktronics at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DAKT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Daktronics by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,210 shares of the technology company’s stock worth $295,000 after acquiring an additional 1,476 shares during the last quarter. Empowered Funds LLC grew its holdings in Daktronics by 2.1% during the 1st quarter. Empowered Funds LLC now owns 242,535 shares of the technology company’s stock worth $2,954,000 after acquiring an additional 4,926 shares during the last quarter. Rhumbline Advisers grew its holdings in Daktronics by 31.4% during the 2nd quarter. Rhumbline Advisers now owns 76,152 shares of the technology company’s stock worth $1,151,000 after acquiring an additional 18,202 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Daktronics by 204.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,046 shares of the technology company’s stock worth $46,000 after acquiring an additional 2,045 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in 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 acquiring an additional 408,037 shares during the last quarter. 61.69% of the stock is owned by institutional investors.

Daktronics Trading Up 0.9%

NASDAQ:DAKT opened at $19.73 on Friday. The firm’s fifty day moving average is $19.87 and its 200-day moving average is $20.82. 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, Inc. has a 52 week low of $13.05 and a 52 week high of $28.27. The firm has a market cap of $952.96 million, a P/E ratio of 35.87, a P/E/G ratio of 0.54 and a beta of 1.67.

Daktronics (NASDAQ:DAKT) last released its earnings results on Wednesday, March 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Daktronics had a net margin of 3.43% and a return on equity of 16.55%. The company had revenue of $181.87 million for the quarter, compared to analyst estimates of $181.00 million. Equities analysts expect that Daktronics, Inc. will post 0.94 earnings per share for the current year.

Wall Street Analyst Weigh In

DAKT has been the topic of a number of research reports. Weiss Ratings lowered shares of Daktronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Wall Street Zen raised shares of Daktronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Finally, Zacks Research lowered shares of Daktronics from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

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.