Raven Industries, Inc. (NASDAQ:RAVN) Director Rick Parod purchased 3,200 shares of Raven Industries stock in a transaction on Wednesday, March 21st. The stock was bought at an average cost of $35.92 per share, for a total transaction of $114,944.00. Following the transaction, the director now directly owns 3,200 shares in the company, valued at $114,944. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
RAVN stock opened at $34.40 on Friday. Raven Industries, Inc. has a 1-year low of $26.35 and a 1-year high of $40.85. The company has a market capitalization of $1,260.39, a PE ratio of 30.44, a PEG ratio of 2.23 and a beta of 1.63.
Raven Industries (NASDAQ:RAVN) last released its quarterly earnings data on Tuesday, March 6th. The conglomerate reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.07). Raven Industries had a net margin of 10.87% and a return on equity of 15.29%. The business had revenue of $95.82 million during the quarter, compared to analysts’ expectations of $97.22 million. analysts expect that Raven Industries, Inc. will post 1.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.51%. Raven Industries’s payout ratio is currently 46.02%.
Raven Industries declared that its board has initiated a share repurchase program on Monday, December 4th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the conglomerate to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
A number of research analysts have recently commented on the company. Dougherty & Co upgraded Raven Industries from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Thursday, March 8th. BidaskClub downgraded Raven Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Zacks Investment Research upgraded Raven Industries from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Friday, December 8th. Finally, SunTrust Banks upgraded Raven Industries from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Raven Industries has an average rating of “Buy” and an average price target of $35.75.
A number of large investors have recently added to or reduced their stakes in RAVN. First Trust Advisors LP grew its stake in Raven Industries by 15.5% during the 3rd quarter. First Trust Advisors LP now owns 12,813 shares of the conglomerate’s stock worth $415,000 after buying an additional 1,720 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Raven Industries during the 3rd quarter worth approximately $205,000. BNP Paribas Arbitrage SA grew its stake in Raven Industries by 47.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 19,172 shares of the conglomerate’s stock worth $621,000 after buying an additional 6,157 shares during the last quarter. Sei Investments Co. purchased a new position in Raven Industries during the 3rd quarter worth approximately $120,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in Raven Industries by 58.9% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 13,540 shares of the conglomerate’s stock worth $439,000 after buying an additional 5,020 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.
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Raven Industries Company 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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