Piper Jaffray Companies set a $33.00 price objective on Raven Industries, Inc. (NASDAQ:RAVN) in a report published on Thursday morning. The brokerage currently has a hold rating on the conglomerate’s stock.

Separately, BidaskClub cut shares of Raven Industries from a strong-buy rating to a buy rating in a research note on Sunday, July 16th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $29.00.

Raven Industries (NASDAQ:RAVN) opened at 34.25 on Thursday. The stock’s 50 day moving average is $34.52 and its 200-day moving average is $30.54. Raven Industries has a 1-year low of $20.19 and a 1-year high of $37.40. The firm has a market capitalization of $1.24 billion, a PE ratio of 45.85 and a beta of 1.35.

Raven Industries (NASDAQ:RAVN) last issued its quarterly earnings data on Monday, May 22nd. The conglomerate reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 forecast that Raven Industries will post $0.98 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Wednesday, July 5th. Raven Industries’s dividend payout ratio is currently 70.27%.

Several large investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Raven Industries by 7.8% in the fourth quarter. State Street Corp now owns 784,063 shares of the conglomerate’s stock worth $19,757,000 after buying an additional 56,716 shares in the last quarter. Norges Bank bought a new stake in shares of Raven Industries during the fourth quarter worth $13,433,000. Perigon Wealth Management LLC bought a new stake in shares of Raven Industries during the fourth quarter worth $443,000. Teachers Advisors LLC boosted its stake in shares of Raven Industries by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 59,583 shares of the conglomerate’s stock worth $1,501,000 after buying an additional 1,345 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its stake in shares of Raven Industries by 10.5% in the first quarter. Confluence Investment Management LLC now owns 133,211 shares of the conglomerate’s stock worth $3,869,000 after buying an additional 12,605 shares in the last quarter. Institutional investors and hedge funds own 73.49% 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).

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