Raven Industries Inc. (RAVN) Sets New 1-Year High at $20.99
Shares of Raven Industries Inc. (NASDAQ:RAVN) reached a new 52-week high on Tuesday . The company traded as high as $20.99 and last traded at $20.48, with a volume of 929,078 shares changing hands. The stock had previously closed at $18.88.
The stock has a market cap of $771.43 million and a price-to-earnings ratio of 86.728. The company’s 50 day moving average price is $19.34 and its 200 day moving average price is $16.75.
Raven Industries (NASDAQ:RAVN) last posted its quarterly earnings data on Thursday, May 19th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. Equities analysts expect that Raven Industries Inc. will post $0.42 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.48%. The ex-dividend date was Wednesday, July 6th.
A number of large investors have bought and sold shares of the company. 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 valued at $3,354,000 after buying an additional 15,000 shares during the last quarter. Creative Planning raised its stake in Raven Industries by 0.3% in the fourth quarter. Creative Planning now owns 176,066 shares of the company’s stock valued at $2,747,000 after buying an additional 520 shares during the last quarter. Boston Partners acquired a new stake in Raven Industries during the fourth quarter valued at approximately $2,434,000. Russell Frank Co raised its stake in Raven Industries by 347.7% in the fourth quarter. Russell Frank Co now owns 121,940 shares of the company’s stock valued at $1,912,000 after buying an additional 94,700 shares during the last quarter. Finally, 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 valued at $1,889,000 after buying an additional 2,800 shares during 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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