Shares of Raven Industries Inc. (NASDAQ:RAVN) traded down 4.7% during trading on Friday . The company traded as low as $20.21 and last traded at $20.45, with a volume of 280,325 shares. The stock had previously closed at $21.45.

The company has a 50 day moving average price of $19.39 and a 200 day moving average price of $16.83. The company has a market capitalization of $750.64 million and a PE ratio of 84.39.

Raven Industries (NASDAQ:RAVN) last posted its earnings results on Thursday, May 19th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. On average, equities research analysts predict that Raven Industries Inc. will post $0.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, July 6th. This represents a $0.52 annualized dividend and a dividend yield of 2.50%.

Several hedge funds have bought and sold shares of the company. Boston Partners acquired a new stake in Raven Industries during the fourth quarter valued at about $2,434,000. State of Wisconsin Investment Board boosted 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. Gamco Investors INC. ET AL boosted 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. Rhumbline Advisers boosted its stake in Raven Industries by 1.7% in the fourth quarter. Rhumbline Advisers now owns 77,511 shares of the company’s stock valued at $1,209,000 after buying an additional 1,325 shares during the last quarter. Finally, California State Teachers Retirement System boosted 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 valued at $1,093,000 after buying an additional 1,248 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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