Raven Industries Inc. (NASDAQ:RAVN) declared a quarterly dividend on Wednesday, August 31st. Shareholders of record on Friday, October 14th will be paid a dividend of 0.13 per share on Friday, October 28th. This represents a $0.52 annualized dividend and a yield of 2.30%. The ex-dividend date is Wednesday, October 12th.

Raven Industries (NASDAQ:RAVN) opened at 22.63 on Friday. Raven Industries has a one year low of $12.88 and a one year high of $25.47. The firm has a 50-day moving average of $23.08 and a 200 day moving average of $19.40. The stock has a market capitalization of $819.36 million, a PE ratio of 89.45 and a beta of 1.10.

Raven Industries (NASDAQ:RAVN) last issued its quarterly earnings data on Tuesday, August 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm 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%. On average, equities research analysts anticipate that Raven Industries will post $0.50 earnings per share for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Raven Industries from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Friday, September 16th.

A number of hedge funds have recently modified their holdings of RAVN. BlackRock Inc. raised its stake in shares of Raven Industries by 281.7% in the second quarter. BlackRock Inc. now owns 9,374 shares of the company’s stock worth $178,000 after buying an additional 6,918 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Raven Industries by 1.9% in the second quarter. Parametric Portfolio Associates LLC now owns 47,271 shares of the company’s stock worth $895,000 after buying an additional 886 shares during the period. Teachers Advisors Inc. raised its stake in shares of Raven Industries by 0.7% in the second quarter. Teachers Advisors Inc. now owns 58,238 shares of the company’s stock worth $1,103,000 after buying an additional 407 shares during the period. BlackRock Investment Management LLC raised its stake in shares of Raven Industries by 2.6% in the second quarter. BlackRock Investment Management LLC now owns 141,435 shares of the company’s stock worth $2,679,000 after buying an additional 3,590 shares during the period. Finally, State of Wisconsin Investment Board raised its stake in shares of Raven Industries by 9.3% in the second quarter. State of Wisconsin Investment Board now owns 235,000 shares of the company’s stock worth $4,451,000 after buying an additional 20,000 shares during the period. Institutional investors own 74.33% of the company’s stock.

About Raven Industries

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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