Vanguard Group Inc. Sells 302,393 Shares of Daktronics, Inc. $DAKT

Key Points

• Vanguard cut its Daktronics stake by 8.2%, selling 302,393 shares and now holds 3,386,235 shares (about 6.98%) valued at roughly $70.84 million.
• Daktronics recently missed Q3 EPS expectations (reported $0.09 vs. ~$0.18 expected), triggering a share pullback and leaving the stock with a consensus analyst rating of Hold.
• Offsetting the miss, management cited a substantial $342 million backlog and Sidoti raised forward EPS projections, suggesting potential revenue momentum into FY27–FY28.

Vanguard Group Inc. reduced its stake in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,386,235 shares of the technology company's stock after selling 302,393 shares during the quarter. Vanguard Group Inc. owned approximately 6.98% of Daktronics worth $70,840,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Duquesne Family Office LLC grew its holdings in Daktronics by 0.3% during the second quarter. Duquesne Family Office LLC now owns 3,076,224 shares of the technology company's stock valued at $46,513,000 after purchasing an additional 8,599 shares during the last quarter. Progeny 3 Inc. lifted its stake in shares of 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 buying an additional 179,529 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Daktronics by 7.0% in the second quarter. American Century Companies Inc. now owns 1,619,937 shares of the technology company's stock worth $24,493,000 after buying an additional 105,313 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 worth $20,449,000 after buying an additional 7,999 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Daktronics by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,100,635 shares of the technology company's stock worth $16,644,000 after buying an additional 54,323 shares during the period. Institutional investors own 61.69% of the company's stock.

Analysts Set New Price Targets

DAKT has been the topic of a number of research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Daktronics in a research note on Monday, December 29th. Zacks Research lowered shares of Daktronics from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

Daktronics Stock Down 4.5%

NASDAQ DAKT opened at $21.95 on Friday. Daktronics, Inc. has a twelve month low of $10.92 and a twelve month high of $28.27. The stock has a market cap of $1.06 billion, a PE ratio of 39.91, a PEG ratio of 0.67 and a beta of 1.70. The firm has a 50-day simple moving average of $23.43 and a 200 day simple moving average of $20.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 2.22.

Daktronics (NASDAQ:DAKT - Get Free Report) last issued its quarterly 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 firm had revenue of $181.87 million for the quarter, compared to the consensus estimate of $181.00 million. Daktronics had a net margin of 3.43% and a return on equity of 16.55%. On average, research analysts forecast that Daktronics, Inc. will post 0.96 EPS for the current year.

Key Headlines Impacting Daktronics

Here are the key news stories impacting Daktronics this week:

• Positive Sentiment: Sidoti raised its forward earnings outlook considerably (FY2028 $1.55 EPS, FY2027 $1.27 EPS and quarterly 2028 estimates), suggesting stronger profit trajectory than consensus — a potential positive catalyst for future valuation. Sidoti estimates
• Positive Sentiment: Company commentary and analyst coverage highlight a sizeable $342M backlog and a robust live-events pipeline that point to revenue momentum into Q4 and FY27. That supports the upgraded forward EPS views. Backlog / revenue momentum
• Neutral Sentiment: Multiple published transcripts and the earnings presentation are available for investor review — useful for assessing management’s guidance, margin outlook and backlog conversion timing but not an immediate price driver by itself. Earnings call transcript
• Neutral Sentiment: Short-interest data in reports appears inconsistent/erroneous (0 shares / NaN changes) and should be treated cautiously; it provides no clear signal on current positioning.
• Negative Sentiment: Q3 results materially missed EPS expectations (reported ≈ $0.06 vs. ~$0.18 expected), triggering an immediate negative market reaction and raising near-term profit-growth concerns. Earnings miss / gap down
• Negative Sentiment: Analyst caution and at least one downgrade note warn that the recent rally may be overextended and advise caution—adding selling pressure after the earnings surprise. Downgrade / caution

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.

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