Raven Industries (RAVN) Sets New 12-Month High and Low at $41.60

Shares of Raven Industries (NASDAQ:RAVN) hit a new 52-week high and low during trading on Thursday . The company traded as low as $41.60 and last traded at $41.65, with a volume of 3193 shares traded. The stock had previously closed at $40.45.

A number of brokerages recently commented on RAVN. Zacks Investment Research lowered Raven Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. ValuEngine upgraded Raven Industries from a “hold” rating to a “buy” rating in a research report on Monday, May 7th. BidaskClub upgraded Raven Industries from a “hold” rating to a “buy” rating in a research report on Saturday, April 21st. SunTrust Banks upgraded Raven Industries from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Wednesday, January 31st. Finally, Dougherty & Co upgraded Raven Industries from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday, March 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $35.75.

The stock has a market capitalization of $1.44 billion, a PE ratio of 36.32, a PEG ratio of 2.74 and a beta of 1.48.

Raven Industries (NASDAQ:RAVN) last posted its earnings results on Tuesday, March 6th. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.07). The company had revenue of $95.82 million for the quarter, compared to analyst estimates of $97.22 million. Raven Industries had a return on equity of 15.29% and a net margin of 10.87%. equities research analysts anticipate that Raven Industries will post 1.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Friday, April 13th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, April 12th. This represents a $0.52 annualized dividend and a dividend yield of 1.23%. Raven Industries’s payout ratio is currently 45.61%.

In related news, Director Rick Parod bought 3,200 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The stock was bought at an average cost of $35.92 per share, for a total transaction of $114,944.00. Following the transaction, the director now owns 3,200 shares of the company’s stock, valued at $114,944. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of RAVN. Wells Fargo & Company MN lifted its holdings in shares of Raven Industries by 31.8% during the 3rd quarter. Wells Fargo & Company MN now owns 49,965 shares of the conglomerate’s stock valued at $1,619,000 after purchasing an additional 12,065 shares in the last quarter. Profit Investment Management LLC lifted its holdings in shares of Raven Industries by 6.0% during the 4th quarter. Profit Investment Management LLC now owns 58,915 shares of the conglomerate’s stock valued at $2,024,000 after purchasing an additional 3,351 shares in the last quarter. Creative Planning lifted its holdings in shares of Raven Industries by 3.3% during the 4th quarter. Creative Planning now owns 156,607 shares of the conglomerate’s stock valued at $5,379,000 after purchasing an additional 5,000 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in shares of Raven Industries during the 4th quarter valued at about $735,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Raven Industries during the 4th quarter valued at about $1,887,000. Institutional investors own 74.48% of the company’s stock.

Raven Industries Company Profile

Raven Industries, Inc, a technology company, provides various products to customers in the industrial, agricultural, geomembrane, construction, and aerospace/defense markets worldwide. The company operates in three segments: Applied Technology, Engineered Films, and Aerostar. The Applied Technology segment designs, manufactures, sells, and services precision agriculture products and information management tools that enable growers to enhance farm yields.

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