Raven Industries, Inc. (NASDAQ:RAVN) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

Raven Industries (NASDAQ:RAVN) traded down 0.57% during midday trading on Friday, hitting $34.65. 143,971 shares of the company were exchanged. The firm’s 50-day moving average price is $33.96 and its 200-day moving average price is $29.27. The stock has a market capitalization of $1.25 billion, a PE ratio of 46.39 and a beta of 1.35. Raven Industries has a one year low of $18.81 and a one year high of $37.40.

Raven Industries (NASDAQ:RAVN) last posted its earnings results on Monday, May 22nd. The conglomerate reported $0.34 EPS for the quarter, topping the consensus estimate of $0.24 by $0.10. Raven Industries had a net margin of 8.85% and a return on equity of 10.32%. The business had revenue of $93.54 million for the quarter. Equities research analysts anticipate that Raven Industries will post $0.98 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be given a $0.13 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.50%. Raven Industries’s dividend payout ratio (DPR) is currently 70.27%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.watchlistnews.com/raven-industries-inc-nasdaqravn-stock-rating-lowered-by-bidaskclub/1442992.html.

Several hedge funds and other institutional investors have recently modified their holdings of RAVN. BlackRock Inc. increased its position in shares of Raven Industries by 63,965.5% in the first quarter. BlackRock Inc. now owns 4,433,973 shares of the conglomerate’s stock worth $128,808,000 after buying an additional 4,427,052 shares during the period. Vanguard Group Inc. increased its position in shares of Raven Industries by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,187,381 shares of the conglomerate’s stock worth $92,593,000 after buying an additional 40,385 shares during the period. Neuberger Berman Group LLC increased its position in shares of Raven Industries by 6.1% in the first quarter. Neuberger Berman Group LLC now owns 1,966,771 shares of the conglomerate’s stock worth $57,135,000 after buying an additional 112,760 shares during the period. State Street Corp increased its position in shares of Raven Industries by 5.6% in the first quarter. State Street Corp now owns 828,053 shares of the conglomerate’s stock worth $24,054,000 after buying an additional 43,990 shares during the period. Finally, Norges Bank purchased a new position in shares of Raven Industries during the fourth quarter worth about $13,433,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

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).

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