Raven Industries Inc. (RAVN) Reaches New 1-Year High at $21.66
Raven Industries Inc. (NASDAQ:RAVN) shares reached a new 52-week high during trading on Monday . The stock traded as high as $21.66 and last traded at $21.44, with a volume of 42,349 shares changing hands. The stock had previously closed at $21.36.
The stock has a market capitalization of $764.38 million and a PE ratio of 85.93. The stock’s 50-day moving average price is $19.70 and its 200-day moving average price is $17.18.
Raven Industries (NASDAQ:RAVN) last released its earnings results on Thursday, May 19th. The company reported $0.15 EPS for the quarter, beating 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 disclosed a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Friday, July 8th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, July 6th.
Several institutional investors have made changes to their positions in the stock. State of Wisconsin Investment Board boosted its position in shares of 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. Rhumbline Advisers boosted its position in shares of 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, Russell Frank Co boosted its position in shares of Raven Industries by 347.7% in the fourth quarter. Russell Frank Co now owns 121,940 shares of the company’s stock worth $1,912,000 after buying an additional 94,700 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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