UBS Group AG decreased its position in Raven Industries, Inc. (NASDAQ:RAVN) by 33.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,504 shares of the conglomerate’s stock after selling 3,791 shares during the period. UBS Group AG’s holdings in Raven Industries were worth $218,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Raven Industries by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,187,381 shares of the conglomerate’s stock worth $92,593,000 after buying an additional 40,385 shares in the last quarter. Neuberger Berman Group LLC increased its position in Raven Industries by 6.1% in the first quarter. Neuberger Berman Group LLC now owns 1,966,771 shares of the conglomerate’s stock worth $57,135,000 after buying an additional 112,760 shares in the last quarter. Norges Bank acquired a new position in Raven Industries during the fourth quarter worth approximately $13,433,000. Granite Investment Partners LLC increased its position in Raven Industries by 9.1% in the first quarter. Granite Investment Partners LLC now owns 405,212 shares of the conglomerate’s stock worth $11,771,000 after buying an additional 33,802 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Raven Industries by 0.6% in the first quarter. Ameriprise Financial Inc. now owns 366,549 shares of the conglomerate’s stock worth $10,650,000 after buying an additional 2,280 shares in the last quarter. Institutional investors own 73.55% of the company’s stock.

Raven Industries, Inc. (NASDAQ RAVN) traded up 0.073% during trading on Monday, hitting $34.175. 6,736 shares of the stock were exchanged. The firm’s 50-day moving average is $34.40 and its 200 day moving average is $30.77. Raven Industries, Inc. has a 52 week low of $20.21 and a 52 week high of $37.40. The firm has a market cap of $1.24 billion, a PE ratio of 45.750 and a beta of 1.36.

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

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

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RAVN has been the subject of a number of recent research reports. BidaskClub downgraded shares of Raven Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Piper Jaffray Companies set a $33.00 price objective on shares of Raven Industries and gave the stock a “hold” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $29.00.

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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Institutional Ownership by Quarter for Raven Industries (NASDAQ:RAVN)

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