Knights of Columbus Asset Advisors LLC Purchases Shares of 52,162 Daktronics, Inc. $DAKT

Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Daktronics, Inc. (NASDAQ:DAKT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,162 shares of the technology company’s stock, valued at approximately $1,031,000. Knights of Columbus Asset Advisors LLC owned 0.11% of Daktronics at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its stake in shares of Daktronics by 399.2% in the 2nd quarter. Invesco Ltd. now owns 510,243 shares of the technology company’s stock valued at $7,715,000 after buying an additional 408,037 shares during the period. Thrivent Financial for Lutherans acquired a new position in Daktronics during the 4th quarter worth approximately $5,364,000. Arrowstreet Capital Limited Partnership raised its stake in Daktronics by 533.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 258,320 shares of the technology company’s stock worth $5,404,000 after buying an additional 217,520 shares during the period. Progeny 3 Inc. boosted its holdings in Daktronics by 7.3% in the second quarter. Progeny 3 Inc. now owns 2,650,037 shares of the technology company’s stock worth $40,069,000 after acquiring an additional 179,529 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Daktronics in the third quarter valued at approximately $3,698,000. Institutional investors own 61.69% of the company’s stock.

Daktronics Price Performance

DAKT stock opened at $20.62 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.68 and a current ratio of 2.22. The business has a 50-day simple moving average of $19.84 and a two-hundred day simple moving average of $20.86. The company has a market capitalization of $995.95 million, a P/E ratio of 37.49, a price-to-earnings-growth ratio of 0.57 and a beta of 1.67. Daktronics, Inc. has a 52-week low of $13.05 and a 52-week high of $28.27.

Daktronics (NASDAQ:DAKT) last announced its earnings results on Wednesday, March 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $181.87 million for the quarter, compared to analysts’ expectations of $181.00 million. Daktronics had a net margin of 3.43% and a return on equity of 16.55%. Research analysts expect that Daktronics, Inc. will post 0.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings downgraded Daktronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Wall Street Zen upgraded Daktronics from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Zacks Research downgraded shares of Daktronics from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Daktronics currently has an average rating of “Reduce”.

About Daktronics

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.