Raven Industries, Inc. (NASDAQ:RAVN) Director Marc E. Lebaron acquired 1,457 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average price of $27.55 per share, with a total value of $40,140.35. Following the acquisition, the director now directly owns 3,457 shares of the company’s stock, valued at approximately $95,240.35. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Raven Industries, Inc. (NASDAQ RAVN) opened at 26.75 on Tuesday. The firm has a 50-day moving average price of $33.84 and a 200-day moving average price of $31.73. Raven Industries, Inc. has a 1-year low of $20.21 and a 1-year high of $37.40. The firm has a market capitalization of $968.48 million, a PE ratio of 31.81 and a beta of 1.36.

Raven Industries (NASDAQ:RAVN) last announced its earnings results on Wednesday, August 23rd. The conglomerate reported $0.23 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.23. Raven Industries had a net margin of 9.57% and a return on equity of 11.67%. The business had revenue of $86.61 million during the quarter, compared to the consensus estimate of $81.48 million. Equities analysts expect that Raven Industries, Inc. will post $0.97 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its stake in Raven Industries by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 59,583 shares of the conglomerate’s stock worth $1,501,000 after buying an additional 1,345 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Raven Industries by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the conglomerate’s stock worth $427,000 after buying an additional 200 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Raven Industries by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 3,980 shares of the conglomerate’s stock worth $115,000 after buying an additional 70 shares during the last quarter. First Manhattan Co. boosted its stake in Raven Industries by 35.1% in the first quarter. First Manhattan Co. now owns 26,150 shares of the conglomerate’s stock worth $602,000 after buying an additional 6,800 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Raven Industries during the first quarter worth approximately $241,000. Hedge funds and other institutional investors own 73.08% of the company’s stock.

A number of research analysts have issued reports on RAVN shares. BidaskClub cut 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 target price on Raven Industries and gave the company a “hold” rating in a research note on Thursday, July 27th. SunTrust Banks, Inc. started coverage on Raven Industries in a research note on Friday, August 18th. They issued a “hold” rating and a $36.00 target price for the company. Finally, Dougherty & Co reissued a “buy” rating on shares of Raven Industries in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Raven Industries presently has an average rating of “Hold” and a consensus price target of $30.67.

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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