WINTON GROUP Ltd purchased a new stake in shares of Raven Industries, Inc. (NASDAQ:RAVN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 200,229 shares of the conglomerate’s stock, valued at approximately $9,160,000. WINTON GROUP Ltd owned about 0.56% of Raven Industries as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. BlueMountain Capital Management LLC grew its holdings in shares of Raven Industries by 142.7% during the second quarter. BlueMountain Capital Management LLC now owns 21,054 shares of the conglomerate’s stock valued at $810,000 after buying an additional 12,379 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Raven Industries during the second quarter valued at approximately $212,000. Alps Advisors Inc. grew its holdings in shares of Raven Industries by 27.6% during the second quarter. Alps Advisors Inc. now owns 16,002 shares of the conglomerate’s stock valued at $550,000 after buying an additional 3,466 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of Raven Industries during the second quarter valued at approximately $230,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of Raven Industries by 441.7% during the second quarter. AdvisorNet Financial Inc now owns 3,250 shares of the conglomerate’s stock valued at $125,000 after buying an additional 2,650 shares during the last quarter. Hedge funds and other institutional investors own 74.46% of the company’s stock.
NASDAQ:RAVN opened at $44.51 on Friday. Raven Industries, Inc. has a 52 week low of $31.45 and a 52 week high of $49.80. The company has a market cap of $1.66 billion, a PE ratio of 39.04, a PEG ratio of 2.90 and a beta of 1.54.
Raven Industries (NASDAQ:RAVN) last issued its earnings results on Wednesday, August 22nd. The conglomerate reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04. Raven Industries had a net margin of 13.69% and a return on equity of 18.75%. The company had revenue of $102.68 million for the quarter. As a group, sell-side analysts forecast that Raven Industries, Inc. will post 1.59 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 12th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.17%. The ex-dividend date was Thursday, October 11th. Raven Industries’s dividend payout ratio is currently 45.61%.
A number of equities research analysts have recently commented on RAVN shares. Zacks Investment Research cut shares of Raven Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 24th. BidaskClub cut shares of Raven Industries from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Finally, ValuEngine upgraded shares of Raven Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Raven Industries currently has an average rating of “Buy” and an average price target of $39.67.
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About Raven Industries
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.
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