Raven Industries Inc. (RAVN) Sees Strong Trading Volume
Raven Industries Inc. (NASDAQ:RAVN) shares saw unusually-high trading volume on Thursday . Approximately 319,604 shares were traded during mid-day trading, an increase of 75% from the previous session’s volume of 182,672 shares.The stock last traded at $21.21 and had previously closed at $21.00.
The stock has a market cap of $750.64 million and a PE ratio of 84.39. The stock has a 50-day moving average price of $19.39 and a 200 day moving average price of $16.83.
Raven Industries (NASDAQ:RAVN) last announced its quarterly earnings results 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. Analysts forecast that Raven Industries Inc. will post $0.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Stockholders of record on Friday, July 8th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, July 6th.
Several large investors have recently made changes to their positions in the company. California State Teachers Retirement System increased 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 worth $1,093,000 after buying an additional 1,248 shares during the last quarter. Rhumbline Advisers increased 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 worth $1,209,000 after buying an additional 1,325 shares in the last quarter. Russell Frank Co increased its stake 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. Boston Partners bought a new stake in shares of Raven Industries during the fourth quarter worth $2,434,000. Finally, Creative Planning increased its stake in shares of Raven Industries by 0.3% in the fourth quarter. Creative Planning now owns 176,066 shares of the company’s stock worth $2,747,000 after buying an additional 520 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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