Insider Selling: Raven Industries CEO Unloads 2,344 Shares of Stock (RAVN)
Raven Industries (NASDAQ:RAVN) CEO Daniel Rykhus sold 2,344 shares of Raven Industries stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $32.45, for a total value of $76,062.80. Following the sale, the chief executive officer now directly owns 97,378 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Sidoti initiated coverage on shares of Raven Industries (NASDAQ:RAVN) in a research note to investors on Friday, August 30th. They set a “buy” rating on the stock.
Shares of Raven Industries (NASDAQ:RAVN) traded up 0.43% on Wednesday, hitting $32.73. 64,206 shares of the company’s stock traded hands. Raven Industries has a 1-year low of $23.01 and a 1-year high of $35.68. The stock’s 50-day moving average is $30.76 and its 200-day moving average is $31.21. The company has a market cap of $1.191 billion and a P/E ratio of 26.93.
Raven Industries (NASDAQ:RAVN) last posted its quarterly earnings results on Monday, August 19th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.04. The company had revenue of $93.40 million for the quarter, compared to the consensus estimate of $90.66 million. During the same quarter last year, the company posted $0.32 earnings per share. Analysts expect that Raven Industries will post $1.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 25th. Investors of record on Thursday, October 10th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Tuesday, October 8th.
Raven Industries, Inc is an industrial manufacturer providing a variety of products. The Company markets its products worldwide and has its principal operations in the United States of America.
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