BidaskClub downgraded shares of Raven Industries, Inc. (NASDAQ:RAVN) from a buy rating to a hold rating in a research note published on Monday morning.

Separately, Piper Jaffray Companies set a $33.00 price objective on Raven Industries and gave the stock a hold rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $29.00.

Shares of Raven Industries (RAVN) remained flat at $34.10 on Monday. The stock had a trading volume of 51,999 shares. The firm’s 50 day moving average price is $34.40 and its 200 day moving average price is $30.77. The company has a market cap of $1.23 billion, a PE ratio of 45.65 and a beta of 1.36. Raven Industries has a 52 week low of $20.21 and a 52 week high of $37.40.

Raven Industries (NASDAQ:RAVN) last issued its quarterly earnings results on Monday, May 22nd. The conglomerate reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.10. The firm had revenue of $93.54 million for the quarter. Raven Industries had a return on equity of 10.32% and a net margin of 8.85%. On average, equities analysts expect that Raven Industries will post $0.98 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, July 5th. This represents a $0.52 dividend on an annualized basis and a yield of 1.52%. Raven Industries’s payout ratio is presently 70.27%.

Large investors have recently made changes to their positions in the company. Chicago Equity Partners LLC purchased a new position in shares of Raven Industries during the first quarter worth approximately $1,531,000. Norges Bank purchased a new position in shares of Raven Industries during the fourth quarter worth approximately $13,433,000. Prudential Financial Inc. increased its position in shares of Raven Industries by 52.7% in the first quarter. Prudential Financial Inc. now owns 94,824 shares of the conglomerate’s stock worth $2,755,000 after buying an additional 32,730 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Raven Industries during the first quarter worth approximately $241,000. Finally, Strs Ohio purchased a new position in shares of Raven Industries during the first quarter worth approximately $880,000. Hedge funds and other institutional investors own 73.49% of the company’s stock.

Raven Industries Company Profile

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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