Insider Selling: Raven Industries VP Unloads 7,612 Shares of Stock (RAVN)
Raven Industries (NASDAQ:RAVN) VP Matt T. Burkhart sold 7,612 shares of the company’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $31.54, for a total transaction of $240,082.48. Following the transaction, the vice president now directly owns 9,764 shares of the company’s stock, valued at approximately $307,957. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Raven Industries (NASDAQ:RAVN) traded down 0.46% during mid-day trading on Wednesday, hitting $30.37. The stock had a trading volume of 70,781 shares. Raven Industries has a 52-week low of $28.38 and a 52-week high of $42.99. The stock’s 50-day moving average is $32.45 and its 200-day moving average is $34.06. The company has a market cap of $1.106 billion and a price-to-earnings ratio of 27.99.
Raven Industries (NASDAQ:RAVN) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.33 by $0.03. The company had revenue of $102.50 million for the quarter, compared to the consensus estimate of $102.77 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. On average, analysts predict that Raven Industries will post $1.21 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on RAVN shares. Analysts at Zacks reiterated a “neutral” rating on shares of Raven Industries in a research note on Friday, May 23rd. They now have a $31.00 price target on the stock.
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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