Raven Industries Inc. (RAVN) Hits New 1-Year High at $21.66
Raven Industries Inc. (NASDAQ:RAVN) shares hit 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 traded. The stock had previously closed at $21.36.
The company has a 50-day moving average of $19.61 and a 200 day moving average of $17.04. The company has a market cap of $774.14 million and a PE ratio of 87.03.
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 consensus estimate of $0.09 by $0.06. On average, analysts anticipate that Raven Industries Inc. will post $0.42 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Shareholders of record on Friday, July 8th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, July 6th. This represents a $0.52 annualized dividend and a dividend yield of 2.43%.
Other large investors recently bought and sold shares of the company. Rhumbline Advisers increased 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 in the last quarter. State of Wisconsin Investment Board increased 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 in the last quarter. Russell Frank Co increased its stake 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 in the last quarter. Finally, Boston Partners bought a new stake in Raven Industries during the fourth quarter valued at about $2,434,000.
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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