First Bank & Trust Has $11.38 Million Stock Holdings in Daktronics, Inc. (NASDAQ:DAKT)

First Bank & Trust decreased its position in shares of Daktronics, Inc. (NASDAQ:DAKT) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 881,272 shares of the technology company’s stock after selling 1,370 shares during the quarter. Daktronics makes up 2.2% of First Bank & Trust’s holdings, making the stock its 9th largest holding. First Bank & Trust owned about 1.90% of Daktronics worth $11,377,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its position in shares of 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 acquiring an additional 872 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Daktronics by 92.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock worth $32,000 after purchasing an additional 1,108 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Daktronics by 150.0% during the second quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company’s stock valued at $56,000 after buying an additional 2,400 shares during the last quarter. Anchor Capital Advisors LLC boosted its holdings in shares of Daktronics by 1.9% in the 2nd quarter. Anchor Capital Advisors LLC now owns 148,387 shares of the technology company’s stock valued at $2,070,000 after buying an additional 2,778 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Daktronics by 10.9% in the 2nd quarter. Rhumbline Advisers now owns 57,749 shares of the technology company’s stock worth $806,000 after buying an additional 5,689 shares during the last quarter. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Wall Street Analysts Forecast Growth

DAKT has been the subject of several recent analyst reports. StockNews.com upgraded shares of Daktronics from a “hold” rating to a “buy” rating in a research note on Monday, October 14th. Singular Research raised Daktronics to a “strong-buy” rating in a research report on Monday, September 9th.

Insider Transactions at Daktronics

In other news, VP Matthew John Kurtenbach sold 2,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $14.96, for a total transaction of $29,920.00. Following the sale, the vice president now directly owns 208,906 shares of the company’s stock, valued at $3,125,233.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Bradley T. Wiemann sold 25,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Matthew John Kurtenbach sold 2,000 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $14.96, for a total transaction of $29,920.00. Following the transaction, the vice president now directly owns 208,906 shares in the company, valued at approximately $3,125,233.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,400 shares of company stock valued at $601,772 in the last 90 days. 8.30% of the stock is currently owned by company insiders.

Daktronics Stock Performance

Shares of Daktronics stock traded down $0.12 on Friday, reaching $13.00. 256,009 shares of the stock were exchanged, compared to its average volume of 509,753. Daktronics, Inc. has a twelve month low of $7.20 and a twelve month high of $15.97. The business has a 50 day moving average price of $13.31 and a two-hundred day moving average price of $12.49. 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 market capitalization of $601.85 million, a price-to-earnings ratio of 21.31, a PEG ratio of 0.47 and a beta of 1.14.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $226.09 million during the quarter, compared to analyst estimates of $216.84 million. Daktronics had a return on equity of 19.92% and a net margin of 1.29%. Analysts anticipate that Daktronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Daktronics Profile

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays 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.