Raven Industries Inc. (RAVN) Sets New 1-Year High at $20.99
Shares of Raven Industries Inc. (NASDAQ:RAVN) hit a new 52-week high on Tuesday . The stock traded as high as $20.99 and last traded at $20.48, with a volume of 929,078 shares trading hands. The stock had previously closed at $18.88.
The stock has a market capitalization of $738.89 million and a price-to-earnings ratio of 83.069. The firm’s 50 day moving average is $19.30 and its 200 day moving average is $16.68.
Raven Industries (NASDAQ:RAVN) last issued its quarterly earnings data on Thursday, May 19th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. Equities research analysts forecast that Raven Industries Inc. will post $0.42 EPS for the current year.
The company 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, July 6th.
Several large investors have recently modified their holdings of the company. Boston Partners purchased a new stake in shares of Raven Industries during the fourth quarter worth about $2,434,000. State of Wisconsin Investment Board boosted its stake 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 valued at $3,354,000 after buying an additional 15,000 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of 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. Rhumbline Advisers boosted its stake in shares of 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 period. Finally, California State Teachers Retirement System boosted its stake in shares of 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.
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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