Raven Industries, Inc. (NASDAQ:RAVN) Director Acquires $17,451.12 in Stock

Raven Industries, Inc. (NASDAQ:RAVN) Director Marc E. Lebaron purchased 516 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average price of $33.82 per share, for a total transaction of $17,451.12. Following the purchase, the director now directly owns 6,783 shares in the company, valued at $229,401.06. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Raven Industries stock traded up $0.68 during mid-day trading on Tuesday, reaching $34.39. The stock had a trading volume of 133,014 shares, compared to its average volume of 109,790. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 34.72 and a beta of 1.46. The company has a 50-day moving average price of $34.25 and a two-hundred day moving average price of $33.92. Raven Industries, Inc. has a one year low of $27.32 and a one year high of $41.39.

Raven Industries (NASDAQ:RAVN) last released its quarterly earnings data on Tuesday, November 26th. The conglomerate reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $100.53 million during the quarter. Raven Industries had a net margin of 9.06% and a return on equity of 11.45%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Raven Industries during the first quarter valued at approximately $115,000. Arizona State Retirement System raised its holdings in shares of Raven Industries by 0.8% during the second quarter. Arizona State Retirement System now owns 55,884 shares of the conglomerate’s stock valued at $2,005,000 after purchasing an additional 417 shares during the last quarter. Strs Ohio raised its holdings in shares of Raven Industries by 7.5% during the second quarter. Strs Ohio now owns 20,000 shares of the conglomerate’s stock valued at $717,000 after purchasing an additional 1,400 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in Raven Industries during the second quarter valued at approximately $445,000. Finally, Swiss National Bank lifted its position in Raven Industries by 2.1% during the second quarter. Swiss National Bank now owns 66,900 shares of the conglomerate’s stock valued at $2,400,000 after purchasing an additional 1,400 shares during the period. Hedge funds and other institutional investors own 74.51% of the company’s stock.

A number of research analysts have issued reports on the company. ValuEngine upgraded Raven Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. National Securities reissued a “hold” rating and issued a $36.00 target price on shares of Raven Industries in a report on Wednesday, November 27th. Finally, BidaskClub cut Raven Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th.

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.

Read More: Why do commodities matter?

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.