Zacks: Raven Industries Inc. (NASDAQ:RAVN) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Raven Industries Inc. (NASDAQ:RAVN) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also given Raven Industries an industry rank of 180 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Raven Industries from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Friday, September 16th.
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Raven Industries (NASDAQ:RAVN) traded up 0.49% during midday trading on Monday, hitting $22.35. 94,507 shares of the stock traded hands. Raven Industries has a 1-year low of $12.88 and a 1-year high of $25.47. The firm has a market cap of $809.23 million, a P/E ratio of 88.34 and a beta of 1.10. The company has a 50-day moving average price of $23.12 and a 200-day moving average price of $19.44.
Raven Industries (NASDAQ:RAVN) last released its earnings results on Tuesday, August 23rd. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $68 million for the quarter. Raven Industries had a net margin of 3.60% and a return on equity of 5.81%. Analysts predict that Raven Industries will post $0.50 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, October 12th. Raven Industries’s dividend payout ratio is currently 200.00%.
Several hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in Raven Industries by 277.7% in the third quarter. BNP Paribas Arbitrage SA now owns 5,598 shares of the company’s stock valued at $129,000 after buying an additional 4,116 shares in the last quarter. BlackRock Inc. boosted its stake in Raven Industries by 281.7% in the second quarter. BlackRock Inc. now owns 9,374 shares of the company’s stock valued at $178,000 after buying an additional 6,918 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Raven Industries during the first quarter valued at approximately $170,000. Suntrust Banks Inc. boosted its stake in Raven Industries by 0.4% in the second quarter. Suntrust Banks Inc. now owns 11,902 shares of the company’s stock valued at $224,000 after buying an additional 42 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Raven Industries during the second quarter valued at approximately $261,000. Institutional investors and hedge funds own 74.33% of the company’s stock.
Raven Industries Company Profile
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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