Loomis Sayles & Co. L P grew its position in Raven Industries, Inc. (NASDAQ:RAVN) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 372,873 shares of the conglomerate’s stock after acquiring an additional 8,977 shares during the period. Loomis Sayles & Co. L P owned 1.04% of Raven Industries worth $17,059,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RAVN. Savant Capital LLC bought a new position in shares of Raven Industries in the second quarter valued at approximately $201,000. United Services Automobile Association bought a new position in shares of Raven Industries in the second quarter valued at approximately $212,000. GSA Capital Partners LLP bought a new position in shares of Raven Industries in the third quarter valued at approximately $224,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Raven Industries in the second quarter valued at approximately $226,000. Finally, Raymond James & Associates bought a new position in shares of Raven Industries in the second quarter valued at approximately $230,000. Institutional investors own 74.84% of the company’s stock.

Shares of Raven Industries stock opened at $37.63 on Friday. The company has a market capitalization of $1.42 billion, a P/E ratio of 26.28, a P/E/G ratio of 2.48 and a beta of 1.45. Raven Industries, Inc. has a fifty-two week low of $31.45 and a fifty-two week high of $49.80.

Raven Industries (NASDAQ:RAVN) last issued its quarterly earnings results on Wednesday, November 28th. The conglomerate reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $104.83 million during the quarter. Raven Industries had a net margin of 13.82% and a return on equity of 18.49%. Research analysts expect that Raven Industries, Inc. will post 1.59 EPS for the current year.

A number of research firms have recently issued reports on RAVN. ValuEngine cut shares of Raven Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. BidaskClub lowered shares of Raven Industries from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.67.

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Raven Industries Profile

Raven Industries, Inc, a technology company, provides various products to customers in the industrial, agricultural, geomembrane, construction, and aerospace/defense markets worldwide. The company operates in three segments: Applied Technology, Engineered Films, and Aerostar. The Applied Technology segment designs, manufactures, sells, and services precision agriculture products and information management tools that enable growers to enhance farm yields.

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

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