Raven Industries, Inc. (NASDAQ:RAVN) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $35.00.

RAVN has been the subject of a number of research reports. BidaskClub upgraded Raven Industries from a “hold” rating to a “buy” rating in a research note on Saturday, April 21st. Zacks Investment Research upgraded Raven Industries from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Wednesday, May 23rd. Finally, ValuEngine upgraded Raven Industries from a “hold” rating to a “buy” rating in a research note on Monday, May 7th.

NASDAQ RAVN opened at $39.10 on Wednesday. Raven Industries has a fifty-two week low of $26.70 and a fifty-two week high of $42.40. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.54.

Raven Industries (NASDAQ:RAVN) last announced its quarterly earnings results on Thursday, May 17th. The conglomerate reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. Raven Industries had a return on equity of 17.03% and a net margin of 12.87%. The company had revenue of $111.13 million during the quarter. equities analysts anticipate that Raven Industries will post 1.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 27th. Stockholders of record on Friday, July 13th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Thursday, July 12th. Raven Industries’s payout ratio is 45.61%.

Several institutional investors and hedge funds have recently made changes to their positions in RAVN. AdvisorNet Financial Inc lifted its stake in shares of Raven Industries by 441.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,250 shares of the conglomerate’s stock valued at $125,000 after acquiring an additional 2,650 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Raven Industries by 82.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,649 shares of the conglomerate’s stock valued at $128,000 after acquiring an additional 1,650 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Raven Industries by 61.4% in the 1st quarter. Russell Investments Group Ltd. now owns 4,357 shares of the conglomerate’s stock valued at $153,000 after acquiring an additional 1,657 shares during the last quarter. Savant Capital LLC bought a new position in shares of Raven Industries in the 2nd quarter valued at $201,000. Finally, United Services Automobile Association bought a new position in shares of Raven Industries in the 2nd quarter valued at $212,000. Institutional investors own 73.68% of the company’s stock.

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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