Raven Industries, Inc. (NASDAQ:RAVN) Director Rick Parod purchased 2,600 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was acquired at an average cost of $39.05 per share, for a total transaction of $101,530.00. Following the purchase, the director now owns 5,800 shares in the company, valued at $226,490. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
RAVN traded down $0.05 during mid-day trading on Tuesday, hitting $39.04. 2,195 shares of the stock were exchanged, compared to its average volume of 146,639. Raven Industries, Inc. has a 1-year low of $33.00 and a 1-year high of $49.80. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 26.16 and a beta of 1.33.
Raven Industries (NASDAQ:RAVN) last posted its earnings results on Wednesday, March 20th. The conglomerate reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.23). Raven Industries had a return on equity of 16.38% and a net margin of 12.74%. The firm had revenue of $88.02 million for the quarter.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Nikko Asset Management Americas Inc. lifted its stake in Raven Industries by 207.3% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 719 shares of the conglomerate’s stock worth $26,000 after acquiring an additional 485 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Raven Industries by 34.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,200 shares of the conglomerate’s stock worth $43,000 after acquiring an additional 308 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in Raven Industries during the 4th quarter worth about $53,000. LS Investment Advisors LLC lifted its stake in Raven Industries by 19.2% during the 4th quarter. LS Investment Advisors LLC now owns 2,285 shares of the conglomerate’s stock worth $83,000 after acquiring an additional 368 shares in the last quarter. Finally, Ibex Investors LLC acquired a new position in Raven Industries during the 3rd quarter worth about $201,000. 74.39% of the stock is currently owned by hedge funds and other institutional investors.
Separately, BidaskClub lowered Raven Industries from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 31st.
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About Raven Industries
Raven Industries, Inc, a technology company, provides various products to customers in the industrial, agricultural, geomembrane, construction, and aerospace/defense markets worldwide. The company operates in three segments: Applied Technology, Engineered Films, and Aerostar. The Applied Technology segment designs, manufactures, sells, and services precision agriculture products and information management tools that enable growers to enhance farm yields.
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