Gratus Capital LLC raised its position in shares of Raven Industries, Inc. (NASDAQ:RAVN) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,477 shares of the conglomerate’s stock after acquiring an additional 7,293 shares during the quarter. Gratus Capital LLC owned approximately 0.36% of Raven Industries worth $4,195,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RAVN. Macquarie Group Ltd. purchased a new position in shares of Raven Industries during the third quarter valued at approximately $149,000. Russell Investments Group Ltd. purchased a new position in shares of Raven Industries during the third quarter valued at approximately $100,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Raven Industries by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 13,540 shares of the conglomerate’s stock valued at $439,000 after purchasing an additional 5,020 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Raven Industries during the third quarter valued at approximately $120,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Raven Industries by 47.3% during the third quarter. BNP Paribas Arbitrage SA now owns 19,172 shares of the conglomerate’s stock valued at $621,000 after purchasing an additional 6,157 shares during the last quarter. 74.16% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the stock. Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 target price on shares of Raven Industries in a report on Sunday, October 1st. BidaskClub lowered shares of Raven Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Dougherty & Co reiterated a “buy” rating on shares of Raven Industries in a report on Friday, August 18th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Raven Industries in a report on Friday, August 18th. They set a “hold” rating and a $36.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.50.

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Raven Industries, Inc. (NASDAQ:RAVN) traded down $0.25 during mid-day trading on Thursday, hitting $36.50. 212,000 shares of the stock traded hands, compared to its average volume of 158,058. Raven Industries, Inc. has a 1 year low of $23.65 and a 1 year high of $37.85. The stock has a market capitalization of $1,314.02, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 3.85 and a beta of 1.45.

Raven Industries (NASDAQ:RAVN) last announced its quarterly earnings data on Monday, November 20th. The conglomerate reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. Raven Industries had a net margin of 10.56% and a return on equity of 13.88%. The company had revenue of $101.35 million during the quarter, compared to analyst estimates of $84.54 million. equities research analysts anticipate that Raven Industries, Inc. will post 0.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a $0.13 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.42%. Raven Industries’s payout ratio is currently 50.98%.

In other news, Director Marc E. Lebaron acquired 1,457 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average cost of $27.55 per share, for a total transaction of $40,140.35. Following the acquisition, the director now directly owns 3,457 shares in the company, valued at $95,240.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by insiders.

About Raven Industries

Raven Industries, Inc is a diversified technology company providing a range of products to customers within the industrial, agricultural, energy, construction and defense markets. The Company operates through three segments: Applied Technology Division (Applied Technology), Engineered Films Division (Engineered Films) and Aerostar Division (Aerostar).

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

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