Raven Industries, Inc. (RAVN) Stake Decreased by Diversified Investment Strategies LLC

Diversified Investment Strategies LLC cut its stake in shares of Raven Industries, Inc. (NASDAQ:RAVN) by 1.8% during the third quarter, HoldingsChannel.com reports. The firm owned 77,135 shares of the conglomerate’s stock after selling 1,450 shares during the period. Raven Industries accounts for about 3.2% of Diversified Investment Strategies LLC’s portfolio, making the stock its 13th largest position. Diversified Investment Strategies LLC’s holdings in Raven Industries were worth $3,529,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Raven Industries by 8.3% in the 2nd quarter. BlackRock Inc. now owns 4,907,249 shares of the conglomerate’s stock worth $188,685,000 after buying an additional 374,836 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Raven Industries by 505.3% in the 1st quarter. Legal & General Group Plc now owns 425,808 shares of the conglomerate’s stock worth $14,929,000 after buying an additional 355,463 shares in the last quarter. KAMES CAPITAL plc boosted its position in shares of Raven Industries by 49.7% in the 2nd quarter. KAMES CAPITAL plc now owns 269,056 shares of the conglomerate’s stock worth $10,355,000 after buying an additional 89,353 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Raven Industries by 22.5% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 347,286 shares of the conglomerate’s stock worth $13,353,000 after buying an additional 63,686 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Raven Industries in the 3rd quarter worth about $2,533,000. 74.27% of the stock is currently owned by institutional investors and hedge funds.

RAVN has been the topic of several recent research reports. BidaskClub upgraded shares of Raven Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. ValuEngine upgraded shares of Raven Industries from a “hold” rating to a “buy” rating in a research report on Thursday, August 23rd. Finally, Zacks Investment Research lowered shares of Raven Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Raven Industries has a consensus rating of “Buy” and an average price target of $39.67.



NASDAQ:RAVN traded up $0.31 on Tuesday, reaching $43.19. The stock had a trading volume of 980 shares, compared to its average volume of 171,848. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 38.09, a price-to-earnings-growth ratio of 2.69 and a beta of 1.61. Raven Industries, Inc. has a 12-month low of $31.45 and a 12-month high of $49.80.

Raven Industries (NASDAQ:RAVN) last released its earnings results on Wednesday, August 22nd. The conglomerate reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. The company had revenue of $102.68 million for the quarter. Raven Industries had a net margin of 13.69% and a return on equity of 18.75%. As a group, equities analysts predict that Raven Industries, Inc. will post 1.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, October 12th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $0.52 dividend on an annualized basis and a yield of 1.20%. Raven Industries’s dividend payout ratio (DPR) is 45.61%.

Raven Industries Company Profile

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.

Read More: How Buying a Call Option Works

Want to see what other hedge funds are holding RAVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raven Industries, Inc. (NASDAQ:RAVN).

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

Receive News & Ratings for Raven Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raven Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply