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.
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/12/08/raven-industries-inc-ravn-shares-bought-by-loomis-sayles-co-l-p.html.
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.
Featured Story: What is a Leveraged Buyout (LBO)?
Want to see what other hedge funds are holding RAVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raven Industries, Inc. (NASDAQ:RAVN).
Receive News & Ratings for Raven Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raven Industries and related companies with MarketBeat.com's FREE daily email newsletter.