CSM Advisors LLC Has $7.07 Million Stock Holdings in Daktronics, Inc. $DAKT

CSM Advisors LLC trimmed its holdings in Daktronics, Inc. (NASDAQ:DAKT) by 18.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 337,874 shares of the technology company’s stock after selling 74,989 shares during the period. CSM Advisors LLC owned about 0.70% of Daktronics worth $7,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Daktronics by 6.5% during the first 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 in the last quarter. Empowered Funds LLC lifted its position in Daktronics by 2.1% in the 1st quarter. Empowered Funds LLC now owns 242,535 shares of the technology company’s stock valued at $2,954,000 after acquiring an additional 4,926 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Daktronics by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,352,441 shares of the technology company’s stock valued at $20,449,000 after purchasing an additional 7,999 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in Daktronics by 190.4% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 32,132 shares of the technology company’s stock valued at $486,000 after purchasing an additional 21,069 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Daktronics by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,100,635 shares of the technology company’s stock valued at $16,644,000 after purchasing an additional 54,323 shares during the last quarter. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on DAKT shares. Zacks Research downgraded Daktronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Daktronics in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Daktronics Stock Down 4.4%

DAKT opened at $20.13 on Friday. Daktronics, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $28.27. The firm has a market capitalization of $972.24 million, a P/E ratio of 36.60, a PEG ratio of 0.63 and a beta of 1.70. The company’s 50-day moving average is $23.57 and its 200 day moving average is $20.87. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 1.68.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings data 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). The firm had revenue of $181.87 million during the quarter, compared to the consensus estimate of $181.00 million. Daktronics had a return on equity of 16.55% and a net margin of 3.43%. Research analysts expect that Daktronics, Inc. will post 0.96 earnings per share for the current fiscal year.

Daktronics Company Profile

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.