59,786 Shares in Raven Industries, Inc. (RAVN) Acquired by OxFORD Asset Management LLP
OxFORD Asset Management LLP acquired a new stake in shares of Raven Industries, Inc. (NASDAQ:RAVN) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 59,786 shares of the conglomerate’s stock, valued at approximately $1,991,000. OxFORD Asset Management LLP owned 0.17% of Raven Industries at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group acquired a new stake in Raven Industries during the 2nd quarter valued at approximately $111,000. Quantbot Technologies LP lifted its stake in Raven Industries by 115.9% during the 2nd quarter. Quantbot Technologies LP now owns 3,364 shares of the conglomerate’s stock valued at $112,000 after acquiring an additional 1,806 shares during the period. Victory Capital Management Inc. acquired a new stake in Raven Industries during the 1st quarter valued at approximately $111,000. Nordea Investment Management AB acquired a new stake in Raven Industries during the 1st quarter valued at approximately $166,000. Finally, Capstone Asset Management Co. acquired a new stake in Raven Industries during the 2nd quarter valued at approximately $201,000. Institutional investors and hedge funds own 73.05% of the company’s stock.
In other Raven Industries news, Director Marc E. Lebaron bought 1,457 shares of the stock in a transaction dated Monday, August 28th. The shares were acquired at an average cost of $27.55 per share, for a total transaction of $40,140.35. Following the completion of the transaction, the director now owns 3,457 shares in the company, valued at approximately $95,240.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.
Raven Industries, Inc. (RAVN) opened at 33.00 on Friday. Raven Industries, Inc. has a 1-year low of $20.21 and a 1-year high of $37.40. The company has a 50 day moving average of $30.41 and a 200 day moving average of $32.08. The firm has a market capitalization of $1.19 billion, a PE ratio of 39.24 and a beta of 1.46.
Raven Industries (NASDAQ:RAVN) last announced its earnings results on Wednesday, August 23rd. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $86.61 million for the quarter, compared to analyst estimates of $81.48 million. Raven Industries had a net margin of 9.57% and a return on equity of 11.67%. Analysts forecast that Raven Industries, Inc. will post $0.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.58%. Raven Industries’s dividend payout ratio (DPR) is presently 61.18%.
RAVN has been the subject of several research reports. BidaskClub cut shares of Raven Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. SunTrust Banks, Inc. initiated coverage on shares of Raven Industries in a research note on Friday, August 18th. They set a “hold” rating and a $36.00 price objective for the company. Piper Jaffray Companies set a $33.00 price objective on shares of Raven Industries and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, Dougherty & Co restated a “buy” rating on shares of Raven Industries in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Raven Industries presently has a consensus rating of “Hold” and a consensus target price of $33.50.
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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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