Raven Industries Inc. (RAVN) Trading 3.7% Higher
Raven Industries Inc. (NASDAQ:RAVN)’s share price traded up 3.7% on Wednesday . The stock traded as high as $21.57 and last traded at $21.19, with a volume of 302,575 shares. The stock had previously closed at $20.44.
The firm has a 50-day moving average of $19.37 and a 200 day moving average of $16.79. The firm has a market cap of $734.37 million and a PE ratio of 82.56.
Raven Industries (NASDAQ:RAVN) last announced its quarterly earnings results on Thursday, May 19th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.09 by $0.06. On average, equities analysts expect that Raven Industries Inc. will post $0.42 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Friday, July 8th were paid a $0.13 dividend. The ex-dividend date was Wednesday, July 6th. This represents a $0.52 annualized dividend and a yield of 2.42%.
Other institutional investors recently bought and sold shares of the company. Gamco Investors INC. ET AL raised its position 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 period. Boston Partners bought a new position in Raven Industries during the fourth quarter valued at about $2,434,000. California State Teachers Retirement System raised its position 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 valued at $1,093,000 after buying an additional 1,248 shares during the period. Russell Frank Co raised its position 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 period. Finally, Creative Planning raised its position 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 period.
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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