Vanguard Group Inc increased its position in shares of Raven Industries, Inc. (NASDAQ:RAVN) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,593,521 shares of the conglomerate’s stock after buying an additional 83,981 shares during the period. Vanguard Group Inc owned 9.99% of Raven Industries worth $164,404,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in RAVN. SG Americas Securities LLC purchased a new stake in Raven Industries during the second quarter worth $378,000. Schwab Charles Investment Management Inc. boosted its holdings in Raven Industries by 7.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 275,959 shares of the conglomerate’s stock worth $10,611,000 after buying an additional 18,475 shares in the last quarter. BlackRock Inc. boosted its holdings in Raven Industries by 8.3% during the second 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. United Services Automobile Association purchased a new stake in Raven Industries during the second quarter worth $212,000. Finally, BlueMountain Capital Management LLC boosted its holdings in Raven Industries by 142.7% during the second quarter. BlueMountain Capital Management LLC now owns 21,054 shares of the conglomerate’s stock worth $810,000 after buying an additional 12,379 shares in the last quarter. 74.71% of the stock is currently owned by hedge funds and other institutional investors.
RAVN opened at $37.67 on Friday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 33.04, a P/E/G ratio of 2.27 and a beta of 1.39. Raven Industries, Inc. has a 52-week low of $31.45 and a 52-week high of $49.80.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Friday, January 11th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, January 10th. Raven Industries’s payout ratio is 45.61%.
Several equities analysts have issued reports on the stock. BidaskClub raised shares of Raven Industries from a “hold” rating to a “buy” rating in a report on Thursday, October 18th. ValuEngine downgraded shares of Raven Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $39.67.
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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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