Gamco Investors INC. ET AL cut its stake in shares of Raven Industries, Inc. (NASDAQ:RAVN) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,852 shares of the conglomerate’s stock after selling 12,500 shares during the period. Gamco Investors INC. ET AL owned approximately 0.33% of Raven Industries worth $3,916,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new stake in Raven Industries during the 2nd quarter valued at approximately $260,000. BlackRock Inc. raised its stake in Raven Industries by 3.9% during the 2nd quarter. BlackRock Inc. now owns 4,607,096 shares of the conglomerate’s stock valued at $153,418,000 after acquiring an additional 173,123 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Raven Industries by 37.5% during the 2nd quarter. Wells Fargo & Company MN now owns 37,900 shares of the conglomerate’s stock worth $1,262,000 after buying an additional 10,328 shares in the last quarter. Laurion Capital Management LP purchased a new position in shares of Raven Industries during the 2nd quarter worth approximately $507,000. Finally, OxFORD Asset Management LLP purchased a new position in shares of Raven Industries during the 2nd quarter worth approximately $1,991,000. 72.86% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on RAVN. Dougherty & Co reissued a “buy” rating on shares of Raven Industries in a research note on Friday, August 18th. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 target price on shares of Raven Industries in a research note on Sunday, October 1st. BidaskClub downgraded Raven Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, SunTrust Banks, Inc. began coverage on Raven Industries in a research note on Friday, August 18th. They set a “hold” rating and a $36.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.50.

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Raven Industries, Inc. (NASDAQ:RAVN) opened at $32.50 on Monday. The stock has a market capitalization of $1,173.35, a P/E ratio of 38.24, a PEG ratio of 3.41 and a beta of 1.45. Raven Industries, Inc. has a one year low of $23.65 and a one year high of $37.40.

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, meeting the consensus estimate of $0.23. Raven Industries had a return on equity of 11.67% and a net margin of 9.57%. The firm had revenue of $86.61 million during the quarter, compared to the consensus estimate of $81.48 million. analysts anticipate that Raven Industries, Inc. will post 0.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.60%. The ex-dividend date was Thursday, October 12th. Raven Industries’s payout ratio is currently 61.18%.

In other news, Director Marc E. Lebaron acquired 1,457 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average cost of $27.55 per share, with a total value of $40,140.35. Following the purchase, the director now directly owns 3,457 shares of the company’s stock, valued at approximately $95,240.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Raven Industries Profile

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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Institutional Ownership by Quarter for Raven Industries (NASDAQ:RAVN)

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