First Bank & Trust Sells 79,965 Shares of Daktronics, Inc. (NASDAQ:DAKT)

First Bank & Trust lessened its stake in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 801,307 shares of the technology company's stock after selling 79,965 shares during the quarter. Daktronics makes up about 2.6% of First Bank & Trust's portfolio, making the stock its 7th biggest position. First Bank & Trust owned approximately 1.70% of Daktronics worth $13,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Money Concepts Capital Corp increased its position in Daktronics by 0.4% during the 4th quarter. Money Concepts Capital Corp now owns 150,724 shares of the technology company's stock valued at $2,541,000 after buying an additional 607 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Daktronics by 0.9% during the third quarter. Franklin Resources Inc. now owns 70,992 shares of the technology company's stock valued at $959,000 after acquiring an additional 654 shares in the last quarter. Quarry LP raised its position in shares of Daktronics by 75.6% in the 3rd quarter. Quarry LP now owns 2,297 shares of the technology company's stock valued at $30,000 after purchasing an additional 989 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Daktronics by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 22,413 shares of the technology company's stock worth $378,000 after buying an additional 1,765 shares during the period. Finally, Rhumbline Advisers raised its position in Daktronics by 3.3% during the 4th quarter. Rhumbline Advisers now owns 58,951 shares of the technology company's stock worth $994,000 after buying an additional 1,889 shares during the last quarter. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

Daktronics Stock Performance

Shares of DAKT stock traded down $0.05 on Monday, hitting $15.68. The company had a trading volume of 166,978 shares, compared to its average volume of 316,867. The firm has a market cap of $738.37 million, a P/E ratio of 62.40, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. Daktronics, Inc. has a twelve month low of $7.38 and a twelve month high of $19.89. The company has a 50-day moving average price of $16.65 and a 200-day moving average price of $15.09. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40.

Daktronics (NASDAQ:DAKT - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.09). Daktronics had a return on equity of 19.61% and a net margin of 3.62%. As a group, equities research analysts predict that Daktronics, Inc. will post 0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Craig Hallum assumed coverage on shares of Daktronics in a research note on Wednesday, January 22nd. They issued a "buy" rating and a $26.00 price objective on the stock.

Insider Activity at Daktronics

In other news, Director John Patrick Friel sold 2,244 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $18.17, for a total value of $40,773.48. Following the completion of the sale, the director now owns 87,573 shares of the company's stock, valued at $1,591,201.41. This represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Reece A. Kurtenbach sold 8,048 shares of Daktronics stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $18.75, for a total transaction of $150,900.00. Following the sale, the chief executive officer now directly owns 469,727 shares in the company, valued at approximately $8,807,381.25. The trade was a 1.68 % decrease in their position. The disclosure for this sale can be found here. 5.50% of the stock is owned by company insiders.

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.