Raven Industries Inc. (RAVN) Shares Up 3.7%
Raven Industries Inc. (NASDAQ:RAVN)’s share price traded up 3.7% during mid-day trading on Wednesday . The stock traded as high as $21.57 and last traded at $21.19, with a volume of 302,575 shares changing hands. The stock had previously closed at $20.44.
The stock’s 50-day moving average is $19.31 and its 200-day moving average is $16.72. The stock has a market cap of $759.32 million and a PE ratio of 85.37.
Raven Industries (NASDAQ:RAVN) last posted its earnings results on Thursday, May 19th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. On average, analysts predict that Raven Industries Inc. will post $0.42 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were issued a $0.13 dividend. The ex-dividend date was Wednesday, July 6th. This represents a $0.52 annualized dividend and a yield of 2.48%.
Several institutional investors have bought and sold shares of RAVN. Boston Partners acquired a new position in Raven Industries during the fourth quarter valued at approximately $2,434,000. Russell Frank Co increased 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. State of Wisconsin Investment Board increased its position 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 period. Gamco Investors INC. ET AL increased 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. Finally, Rhumbline Advisers increased its position 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 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).