Barrow Hanley Mewhinney & Strauss LLC lowered its position in shares of Raven Industries, Inc. (NASDAQ:RAVN) by 22.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 90,200 shares of the conglomerate’s stock after selling 26,752 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.25% of Raven Industries worth $3,265,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Nikko Asset Management Americas Inc. raised its position in shares of Raven Industries by 207.3% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 719 shares of the conglomerate’s stock valued at $26,000 after acquiring an additional 485 shares in the last quarter. PNC Financial Services Group Inc. grew 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 buying an additional 308 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new position in Raven Industries during the 4th quarter worth $53,000. LS Investment Advisors LLC grew 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 buying an additional 368 shares during the last quarter. Finally, Ibex Investors LLC bought a new position in Raven Industries during the 3rd quarter worth $201,000. Institutional investors and hedge funds own 74.39% of the company’s stock.
Separately, BidaskClub downgraded Raven Industries from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 31st.
Raven Industries (NASDAQ:RAVN) last released its quarterly 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 business had revenue of $88.02 million during 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. The ex-dividend date is Friday, April 12th. This represents a $0.52 annualized dividend and a yield of 1.33%. Raven Industries’s dividend payout ratio is currently 35.14%.
In other news, CEO Daniel A. Rykhus sold 9,000 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $39.32, for a total transaction of $353,880.00. Following the completion of the sale, the chief executive officer now directly owns 205,923 shares of the company’s stock, valued at $8,096,892.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Schmidt Anthony D. Johnson sold 2,365 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $38.51, for a total value of $91,076.15. Following the sale, the vice president now directly owns 47,779 shares of the company’s stock, valued at $1,839,969.29. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.
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Raven Industries Profile
Raven Industries, Inc, a technology company, provides various products to customers in the industrial, agricultural, geomembrane, construction, commercial lighter-than-air, and aerospace and defense markets worldwide. It operates through three segments: Applied Technology, Engineered Films, and Aerostar.
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