ExodusPoint Capital Management LP trimmed its stake in Raven Industries, Inc. (NASDAQ:RAVN) by 12.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,758 shares of the conglomerate’s stock after selling 1,355 shares during the period. ExodusPoint Capital Management LP’s holdings in Raven Industries were worth $323,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of RAVN. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Raven Industries in the 1st quarter valued at approximately $115,000. UBS Asset Management Americas Inc. lifted its stake in shares of Raven Industries by 59.7% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 44,439 shares of the conglomerate’s stock worth $956,000 after acquiring an additional 16,607 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Raven Industries during the 3rd quarter worth approximately $699,000. Cubist Systematic Strategies LLC lifted its stake in shares of Raven Industries by 364.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 52,277 shares of the conglomerate’s stock worth $1,125,000 after acquiring an additional 41,025 shares during the last quarter. Finally, Strs Ohio lifted its stake in shares of Raven Industries by 126.9% during the 3rd quarter. Strs Ohio now owns 11,800 shares of the conglomerate’s stock worth $253,000 after acquiring an additional 6,600 shares during the last quarter. 77.44% of the stock is owned by institutional investors and hedge funds.
RAVN has been the subject of a number of research analyst reports. Zacks Investment Research lowered Raven Industries from a “hold” rating to a “sell” rating in a research note on Friday, March 26th. Lake Street Capital initiated coverage on Raven Industries in a research note on Thursday, March 25th. They set a “buy” rating and a $50.00 price target for the company. Finally, TheStreet lowered Raven Industries from a “b-” rating to a “c” rating in a research note on Monday, March 22nd. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $37.25.
RAVN opened at $38.03 on Thursday. The stock’s fifty day moving average is $38.70 and its two-hundred day moving average is $31.35. The company has a market capitalization of $1.36 billion, a P/E ratio of 63.38, a PEG ratio of 4.51 and a beta of 1.48. Raven Industries, Inc. has a 52 week low of $17.56 and a 52 week 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.
Raven Industries (NASDAQ:RAVN) last released its quarterly earnings data 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 return on equity of 9.49% and a net margin of 6.18%. Equities analysts anticipate that Raven Industries, Inc. will post 0.83 earnings per share for the current year.
About Raven Industries
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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