Rick Parod Buys 2,600 Shares of Raven Industries, Inc. (RAVN) Stock

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.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Monday, April 15th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.33%. The ex-dividend date is Friday, April 12th. Raven Industries’s payout ratio is 35.14%.

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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