Raven Industries, Inc. (NASDAQ:RAVN) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 600,100 shares, a decline of 18.6% from the March 31st total of 737,100 shares. Based on an average daily trading volume, of 319,800 shares, the short-interest ratio is presently 1.9 days. Approximately 1.7% of the company’s stock are sold short.

Shares of RAVN traded down $0.85 during trading hours on Tuesday, reaching $40.42. 169,786 shares of the company traded hands, compared to its average volume of 307,942. Raven Industries has a 12-month low of $17.56 and a 12-month high of $45.11. The company has a quick ratio of 2.15, a current ratio of 3.14 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.45 billion, a P/E ratio of 67.17, a P/E/G ratio of 4.51 and a beta of 1.48. The business has a fifty day moving average price of $38.47 and a 200-day moving average price of $33.57.

Raven Industries (NASDAQ:RAVN) last posted its quarterly earnings results on Sunday, March 21st. The conglomerate reported $0.01 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.14). Raven Industries had a net margin of 6.18% and a return on equity of 9.49%. As a group, research analysts predict that Raven Industries will post 0.83 EPS for the current fiscal year.

Several research analysts have issued reports on the stock. TheStreet cut shares of Raven Industries from a “b-” rating to a “c” rating in a report on Monday, March 22nd. Lake Street Capital assumed coverage on shares of Raven Industries in a report on Thursday, March 25th. They issued a “buy” rating and a $50.00 target price for the company. Finally, Zacks Investment Research cut shares of Raven Industries from a “hold” rating to a “sell” rating in a report on Friday, March 26th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. Raven Industries currently has an average rating of “Buy” and an average target price of $37.25.

Hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in shares of Raven Industries by 4.4% during the first quarter. Envestnet Asset Management Inc. now owns 7,239 shares of the conglomerate’s stock worth $277,000 after purchasing an additional 308 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Raven Industries during the first quarter worth approximately $212,000. Savant Capital LLC purchased a new stake in shares of Raven Industries during the first quarter worth approximately $201,000. Nikko Asset Management Americas Inc. increased its position in shares of Raven Industries by 87.4% during the first quarter. Nikko Asset Management Americas Inc. now owns 421,835 shares of the conglomerate’s stock worth $16,169,000 after purchasing an additional 196,785 shares in the last quarter. Finally, CWM Advisors LLC purchased a new stake in shares of Raven Industries during the first quarter worth approximately $348,000. 77.44% of the stock is owned by institutional investors and hedge funds.

Raven Industries Company Profile

Raven Industries, Inc, a technology company, provides various products to customers in the industrial, agricultural, geo-membrane, construction, aerospace/defense, and commercial lighter-than-air markets worldwide. It operates in three segments: Applied Technology, Engineered Films, and Aerostar. The Applied Technology segment designs, manufactures, sells, and services precision agriculture products and information management tools that enable farmers to enhance farm yields.

Featured Article: Blockchain

Receive News & Ratings for Raven Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raven Industries and related companies with MarketBeat.com's FREE daily email newsletter.