Raven Industries Inc. (RAVN) Sees Strong Trading Volume
Raven Industries Inc. (NASDAQ:RAVN) shares saw unusually-high trading volume on Thursday . Approximately 319,604 shares were traded during trading, an increase of 75% from the previous session’s volume of 182,672 shares.The stock last traded at $21.21 and had previously closed at $21.00.
The company has a market capitalization of $775.59 million and a PE ratio of 87.20. The stock has a 50 day moving average of $19.37 and a 200 day moving average of $16.79.
Raven Industries (NASDAQ:RAVN) last announced its quarterly earnings data on Thursday, May 19th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. Analysts anticipate that Raven Industries Inc. will post $0.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Friday, July 8th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, July 6th. This represents a $0.52 annualized dividend and a dividend yield of 2.42%.
Several large investors have bought and sold shares of the company. Boston Partners acquired a new stake in Raven Industries during the fourth quarter worth $2,434,000. State of Wisconsin Investment Board raised its stake in Raven Industries by 7.5% in the fourth quarter. State of Wisconsin Investment Board now owns 215,000 shares of the company’s stock worth $3,354,000 after buying an additional 15,000 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Raven Industries by 2.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 121,100 shares of the company’s stock worth $1,889,000 after buying an additional 2,800 shares in the last quarter. Rhumbline Advisers raised its stake in Raven Industries by 1.7% in the fourth quarter. Rhumbline Advisers now owns 77,511 shares of the company’s stock worth $1,209,000 after buying an additional 1,325 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in Raven Industries by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 70,087 shares of the company’s stock worth $1,093,000 after buying an additional 1,248 shares in the last quarter.
Raven Industries, Inc is a diversified technology company providing a range of products to customers within the industrial, agricultural, energy, construction and defense markets. The Company operates through three segments: Applied Technology Division (Applied Technology), Engineered Films Division (Engineered Films) and Aerostar Division (Aerostar).
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