Raven Industries, Inc. (NASDAQ:RAVN)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $38.59 and last traded at $38.36, with a volume of 1471 shares trading hands. The stock had previously closed at $37.45.
RAVN has been the topic of several research analyst reports. National Securities reiterated a “buy” rating and issued a $35.00 price objective on shares of Raven Industries in a report on Monday, October 26th. Zacks Investment Research raised shares of Raven Industries from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday, December 18th.
The stock has a market capitalization of $1.39 billion, a PE ratio of 58.52, a PEG ratio of 2.98 and a beta of 1.44. The firm’s fifty day moving average is $31.97 and its 200-day moving average is $25.29.
Hedge funds and other institutional investors have recently bought and sold shares of the business. First PREMIER Bank raised its stake in Raven Industries by 22.3% during the 4th quarter. First PREMIER Bank now owns 16,468 shares of the conglomerate’s stock valued at $545,000 after purchasing an additional 3,000 shares during the last quarter. Strs Ohio lifted its position in Raven Industries by 126.9% during the 3rd quarter. Strs Ohio now owns 11,800 shares of the conglomerate’s stock valued at $253,000 after purchasing an additional 6,600 shares during the period. Cubist Systematic Strategies LLC lifted its position in Raven Industries by 364.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 52,277 shares of the conglomerate’s stock valued at $1,125,000 after purchasing an additional 41,025 shares during the period. ExodusPoint Capital Management LP acquired a new stake in shares of Raven Industries in the 3rd quarter valued at approximately $239,000. Finally, Boothbay Fund Management LLC bought a new stake in Raven Industries during the 3rd quarter worth approximately $699,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.
About Raven Industries (NASDAQ:RAVN)
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.
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