Renaissance Technologies LLC lifted its position in shares of Raven Industries, Inc. (NASDAQ:RAVN) by 36.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,116 shares of the conglomerate’s stock after buying an additional 102,716 shares during the quarter. Renaissance Technologies LLC’s holdings in Raven Industries were worth $13,782,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Raven Industries by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 489,655 shares of the conglomerate’s stock worth $17,569,000 after buying an additional 1,377 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Raven Industries by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 280,404 shares of the conglomerate’s stock worth $10,061,000 after purchasing an additional 3,123 shares during the period. Bank of Montreal Can grew its holdings in Raven Industries by 178.7% in the second quarter. Bank of Montreal Can now owns 5,109 shares of the conglomerate’s stock worth $184,000 after purchasing an additional 3,276 shares during the period. Menta Capital LLC acquired a new stake in Raven Industries in the second quarter worth $201,000. Finally, JPMorgan Chase & Co. grew its holdings in Raven Industries by 4.1% in the second quarter. JPMorgan Chase & Co. now owns 37,586 shares of the conglomerate’s stock worth $1,315,000 after purchasing an additional 1,490 shares during the period. Institutional investors own 75.18% of the company’s stock.
A number of equities research analysts have commented on RAVN shares. BidaskClub upgraded shares of Raven Industries from a “sell” rating to a “hold” rating in a report on Monday. Sidoti started coverage on shares of Raven Industries in a report on Thursday, May 30th. They issued a “neutral” rating for the company.
NASDAQ:RAVN traded up $0.01 during trading hours on Friday, reaching $34.41. The company had a trading volume of 820 shares, compared to its average volume of 111,814. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 23.17 and a beta of 1.44. The business’s 50-day simple moving average is $32.24 and its two-hundred day simple moving average is $35.58. Raven Industries, Inc. has a twelve month low of $27.32 and a twelve month high of $48.70.
Raven Industries (NASDAQ:RAVN) last posted its quarterly earnings results on Thursday, August 22nd. The conglomerate reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10). The company had revenue of $98.06 million during the quarter. Raven Industries had a return on equity of 12.51% and a net margin of 9.76%.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, October 10th. Raven Industries’s dividend payout ratio is currently 35.14%.
Raven Industries Company Profile
Raven Industries, Inc, a technology company, provides various products to customers in the industrial, agricultural, geomembrane, construction, commercial lighter-than-air, and aerospace and defense markets worldwide. It operates through three segments: Applied Technology, Engineered Films, and Aerostar.
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