Raven Industries, Inc. (NASDAQ:RAVN) Director Marc E. Lebaron acquired 1,457 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were bought at an average cost of $27.55 per share, for a total transaction of $40,140.35. Following the completion of the acquisition, the director now directly owns 3,457 shares of the company’s stock, valued at $95,240.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Raven Industries, Inc. (NASDAQ:RAVN) opened at 27.80 on Wednesday. The firm has a 50-day moving average of $33.84 and a 200 day moving average of $31.73. Raven Industries, Inc. has a 12-month low of $20.21 and a 12-month high of $37.40. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 33.06 and a beta of 1.36.

Raven Industries (NASDAQ:RAVN) last released its quarterly earnings data on Wednesday, August 23rd. The conglomerate reported $0.23 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.23. Raven Industries had a net margin of 9.57% and a return on equity of 11.67%. The business had revenue of $86.61 million for the quarter, compared to analysts’ expectations of $81.48 million. Equities analysts forecast that Raven Industries, Inc. will post $0.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a $0.13 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.87%. Raven Industries’s dividend payout ratio (DPR) is presently 61.18%.

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A number of equities research analysts have recently weighed in on RAVN shares. BidaskClub lowered shares of Raven Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. SunTrust Banks, Inc. started coverage on shares of Raven Industries in a report on Friday, August 18th. They set a “hold” rating and a $36.00 price objective on the stock. Piper Jaffray Companies set a $33.00 price objective on shares of Raven Industries and gave the company a “hold” rating in a report on Thursday, July 27th. Finally, Dougherty & Co reissued a “buy” rating on shares of Raven Industries in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.67.

A number of institutional investors have recently made changes to their positions in RAVN. BlackRock Inc. raised its position in shares of Raven Industries by 3.9% in the second quarter. BlackRock Inc. now owns 4,607,096 shares of the conglomerate’s stock worth $153,418,000 after buying an additional 173,123 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Raven Industries by 2.1% in the second quarter. Vanguard Group Inc. now owns 3,253,939 shares of the conglomerate’s stock worth $108,356,000 after buying an additional 66,558 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Raven Industries by 6.1% in the first quarter. Neuberger Berman Group LLC now owns 1,966,771 shares of the conglomerate’s stock worth $57,135,000 after buying an additional 112,760 shares in the last quarter. State Street Corp raised its position in shares of Raven Industries by 6.2% in the second quarter. State Street Corp now owns 879,504 shares of the conglomerate’s stock worth $29,288,000 after buying an additional 51,451 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Raven Industries by 0.3% in the second quarter. Thrivent Financial For Lutherans now owns 466,850 shares of the conglomerate’s stock worth $15,546,000 after buying an additional 1,370 shares in the last quarter. Hedge funds and other institutional investors own 73.08% of the company’s stock.

About Raven Industries

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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