Daktronics, Inc. (NASDAQ:DAKT) EVP Bradley T. Wiemann Sells 25,000 Shares

Daktronics, Inc. (NASDAQ:DAKT) EVP Bradley T. Wiemann sold 25,000 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $12.89, for a total value of $322,250.00. Following the completion of the sale, the executive vice president now owns 85,446 shares of the company’s stock, valued at approximately $1,101,398.94. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Daktronics Trading Up 2.7 %

DAKT traded up $0.35 during trading hours on Tuesday, reaching $13.26. 656,228 shares of the company’s stock traded hands, compared to its average volume of 522,322. The firm has a market capitalization of $613.88 million, a PE ratio of 21.66, a PEG ratio of 0.44 and a beta of 1.14. Daktronics, Inc. has a 52-week low of $7.20 and a 52-week high of $15.97. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $13.79 and a 200 day moving average price of $12.06.

Daktronics (NASDAQ:DAKT) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. Daktronics had a return on equity of 19.92% and a net margin of 1.29%. The business had revenue of $226.09 million for the quarter, compared to the consensus estimate of $216.84 million. As a group, sell-side analysts predict that Daktronics, Inc. will post 0.89 EPS for the current fiscal year.

Institutional Trading of Daktronics

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC increased its holdings in Daktronics by 31.4% in the 2nd quarter. CWM LLC now owns 3,646 shares of the technology company’s stock worth $51,000 after buying an additional 872 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Daktronics by 92.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock valued at $32,000 after buying an additional 1,108 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of Daktronics by 150.0% in the second quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company’s stock worth $56,000 after buying an additional 2,400 shares during the last quarter. Anchor Capital Advisors LLC grew its holdings in Daktronics by 1.9% during the second quarter. Anchor Capital Advisors LLC now owns 148,387 shares of the technology company’s stock worth $2,070,000 after acquiring an additional 2,778 shares during the period. Finally, New York State Teachers Retirement System acquired a new position in Daktronics in the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on DAKT shares. Singular Research upgraded shares of Daktronics to a “strong-buy” rating in a report on Monday, September 9th. StockNews.com downgraded Daktronics from a “buy” rating to a “hold” rating in a research report on Friday, September 13th.

About Daktronics

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.