Capstone Asset Management Co. maintained its stake in shares of Daktronics Inc. (NASDAQ:DAKT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,270 shares of the company’s stock at the end of the second quarter. Capstone Asset Management Co.’s holdings in Daktronics were worth $102,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of DAKT. Geode Capital Management LLC increased its stake in shares of Daktronics by 6.9% in the first quarter. Geode Capital Management LLC now owns 269,600 shares of the company’s stock worth $2,129,000 after buying an additional 17,300 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Daktronics by 3.4% in the first quarter. Prudential Financial Inc. now owns 90,752 shares of the company’s stock worth $717,000 after buying an additional 3,000 shares during the last quarter. Ngam Advisors L.P. increased its stake in shares of Daktronics by 49.3% in the first quarter. Ngam Advisors L.P. now owns 45,855 shares of the company’s stock worth $362,000 after buying an additional 15,144 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Daktronics by 6.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 28,022 shares of the company’s stock worth $221,000 after buying an additional 1,608 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Daktronics by 0.5% in the first quarter. Arizona State Retirement System now owns 19,891 shares of the company’s stock worth $157,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 44.60% of the company’s stock.
Daktronics Inc. (NASDAQ:DAKT) traded up 1.71% during trading on Friday, reaching $9.54. The company had a trading volume of 222,916 shares. Daktronics Inc. has a 1-year low of $5.92 and a 1-year high of $10.28. The firm has a 50-day moving average of $9.07 and a 200-day moving average of $7.76. The stock has a market capitalization of $418.54 million, a price-to-earnings ratio of 109.66 and a beta of 1.41.
Daktronics (NASDAQ:DAKT) last posted its earnings results on Tuesday, August 23rd. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.08. Daktronics had a return on equity of 1.87% and a net margin of 0.66%. The business had revenue of $157.10 million for the quarter. During the same quarter last year, the firm posted $0.09 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts anticipate that Daktronics Inc. will post $0.29 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Monday, September 12th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, September 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.94%. This is a boost from Daktronics’s previous quarterly dividend of $0.06. Daktronics’s payout ratio is 311.15%.
A number of equities analysts recently weighed in on DAKT shares. Zacks Investment Research cut Daktronics from a “hold” rating to a “strong sell” rating in a report on Monday, June 6th. Needham & Company LLC upped their price target on Daktronics from $8.00 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, August 24th.
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.
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