Raven Industries, Inc. (NASDAQ:RAVN) VP Schmidt Anthony D. Johnson sold 2,365 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 47,779 shares of the company’s stock, valued at approximately $1,839,969.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of RAVN stock traded up $0.98 on Friday, reaching $39.62. 100,408 shares of the company’s stock traded hands, compared to its average volume of 105,097. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 26.77 and a beta of 1.31. Raven Industries, Inc. has a 12-month low of $33.00 and a 12-month high of $49.80.
Raven Industries (NASDAQ:RAVN) last released its quarterly earnings data on Wednesday, March 20th. The conglomerate reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.23). The company had revenue of $88.02 million during the quarter. Raven Industries had a net margin of 12.74% and a return on equity of 16.38%.
Separately, BidaskClub upgraded Raven Industries from a “strong sell” rating to a “sell” rating in a research report on Friday, February 15th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of Raven Industries by 4.5% in the 3rd quarter. BlackRock Inc. now owns 5,129,436 shares of the conglomerate’s stock valued at $234,672,000 after acquiring an additional 222,187 shares in the last quarter. Vanguard Group Inc. grew its holdings in Raven Industries by 2.4% during the third quarter. Vanguard Group Inc. now owns 3,593,521 shares of the conglomerate’s stock worth $164,404,000 after purchasing an additional 83,981 shares during the period. Vanguard Group Inc grew its holdings in Raven Industries by 2.4% during the third quarter. Vanguard Group Inc now owns 3,593,521 shares of the conglomerate’s stock worth $164,404,000 after purchasing an additional 83,981 shares during the period. Norges Bank bought a new position in Raven Industries during the fourth quarter worth about $24,842,000. Finally, Bamco Inc. NY lifted its position in Raven Industries by 0.3% during the third quarter. Bamco Inc. NY now owns 672,000 shares of the conglomerate’s stock worth $30,744,000 after acquiring an additional 2,023 shares during the last quarter. 76.41% of the stock is currently owned by hedge funds and other institutional investors.
About Raven Industries
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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