Daktronics Inc. (NASDAQ:DAKT) saw unusually-high trading volume on Friday . Approximately 357,068 shares traded hands during trading, a decline of 17% from the previous session’s volume of 432,652 shares.The stock last traded at $6.53 and had previously closed at $6.44.

DAKT has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Daktronics from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Sidoti lowered shares of Daktronics from a “buy” rating to a “neutral” rating in a report on Wednesday, June 1st. Griffin Securities lowered shares of Daktronics from a “buy” rating to a “neutral” rating in a report on Wednesday, June 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $8.00 target price (down from $9.00) on shares of Daktronics in a report on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $8.00.

The firm’s 50-day moving average price is $6.66 and its 200-day moving average price is $7.65. The stock has a market cap of $287.93 million and a P/E ratio of 138.94.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings results on Wednesday, June 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.15. The business had revenue of $138.50 million for the quarter. During the same quarter last year, the business posted $0.09 EPS. Daktronics’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, equities analysts expect that Daktronics Inc. will post $0.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Monday, June 27th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, June 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 3.68%.

In other Daktronics news, Director Kevin Patrick Mcdermott acquired 3,900 shares of the business’s stock in a transaction dated Thursday, June 23rd. The shares were purchased at an average price of $6.48 per share, for a total transaction of $25,272.00. Following the completion of the purchase, the director now directly owns 11,121 shares of the company’s stock, valued at $72,064.08. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Reece A. Kurtenbach acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, June 28th. The stock was acquired at an average price of $6.20 per share, for a total transaction of $62,000.00. Following the purchase, the chief executive officer now directly owns 258,958 shares of the company’s stock, valued at $1,605,539.60. The disclosure for this purchase can be found here.

Other hedge funds have added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Daktronics by 5.0% in the fourth quarter. Principal Financial Group Inc. now owns 254,600 shares of the company’s stock worth $2,220,000 after buying an additional 12,048 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Daktronics by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,647,440 shares of the company’s stock worth $14,366,000 after buying an additional 92,769 shares during the last quarter. GSA Capital Partners LLP raised its stake in Daktronics by 31.4% in the fourth quarter. GSA Capital Partners LLP now owns 154,900 shares of the company’s stock worth $1,351,000 after buying an additional 36,996 shares during the last quarter. State of Wisconsin Investment Board raised its stake in Daktronics by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 516,362 shares of the company’s stock worth $4,503,000 after buying an additional 4,586 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Daktronics by 6.7% in the fourth quarter. First Trust Advisors LP now owns 137,241 shares of the company’s stock worth $1,197,000 after buying an additional 8,674 shares during the last quarter.

Daktronics Inc (Daktronics) is a supplier of electronic scoreboards, large electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates in five segments: Commercial, Live Events, High School Park and Recreation, Transportation and International.

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