Raven Industries, Inc. (RAVN) on Focus After Trading At 52-Week Highs

May 17, 2018 - By Kristen Paramore

Raven Industries, Inc. (NASDAQ:RAVN) Logo

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.10, from 1.16 in 2017Q3. It dropped, as 14 investors sold Raven Industries, Inc. shares while 52 reduced holdings. 27 funds opened positions while 43 raised stakes. 25.24 million shares or 1.01% less from 25.49 million shares in 2017Q3 were reported.
Australia-based Macquarie Gru has invested 0% in Raven Industries, Inc. (NASDAQ:RAVN). Millennium Limited Co invested in 0.01% or 288,309 shares. Citadel Advsr Ltd Com holds 0% or 57,113 shares. Goldman Sachs Group, New York-based fund reported 124,535 shares. State Board Of Administration Of Florida Retirement Sys reported 27,311 shares. Manufacturers Life Co The invested 0% in Raven Industries, Inc. (NASDAQ:RAVN). Ubs Asset Mgmt Americas Incorporated accumulated 0% or 14,244 shares. Schroder Inv Mngmt Group Inc holds 3,300 shares. Captrust Financial Advsr has invested 0% in Raven Industries, Inc. (NASDAQ:RAVN). Ameritas Inv Partners reported 3,174 shares. Atlanta Cap Management L L C invested 0.11% in Raven Industries, Inc. (NASDAQ:RAVN). Mairs And Power Incorporated accumulated 162,066 shares or 0.06% of the stock. Alps Advisors Inc stated it has 16,002 shares or 0% of all its holdings. Parkside Commercial Bank Trust owns 7 shares or 0% of their US portfolio. Aqr Cap Management Ltd Liability invested in 0% or 8,805 shares.

Since March 21, 2018, it had 1 insider purchase, and 0 sales for $114,943 activity.

The stock of Raven Industries, Inc. (NASDAQ:RAVN) hit a new 52-week high and has $43.94 target or 5.00 % above today’s $41.85 share price. The 8 months bullish chart indicates low risk for the $1.50B company. The 1-year high was reported on May, 17 by Barchart.com. If the $43.94 price target is reached, the company will be worth $75.15 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.70% or $0.7 during the last trading session, reaching $41.85. About 72,740 shares traded. Raven Industries, Inc. (NASDAQ:RAVN) has risen 18.49% since May 17, 2017 and is uptrending. It has outperformed by 6.94% the S&P500.

Raven Industries, Inc. (NASDAQ:RAVN) Ratings Coverage

Among 3 analysts covering Raven (NASDAQ:RAVN), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Raven had 3 analyst reports since November 21, 2017 according to SRatingsIntel. The rating was maintained by Piper Jaffray on Tuesday, November 21 with “Hold”. The stock of Raven Industries, Inc. (NASDAQ:RAVN) has “Neutral” rating given on Tuesday, December 5 by Dougherty. The stock has “Buy” rating by SunTrust on Wednesday, January 31.

More important recent Raven Industries, Inc. (NASDAQ:RAVN) news were published by: Globenewswire.com which released: “Raven Industries Renames Subsidiary” on May 01, 2018, also Benzinga.com published article titled: “Earnings Scheduled For May 17, 2018”, Globenewswire.com published: “Raven Precision Agriculture Technology to Power Autonomous Solutions” on May 16, 2018. More interesting news about Raven Industries, Inc. (NASDAQ:RAVN) was released by: Nasdaq.com and their article: “Raven Industries Announces Conference Call to Discuss First Quarter Fiscal 2019 Results” with publication date: May 11, 2018.

Raven Industries, Inc., a technology company, provides various products to clients in the industrial, agricultural, geomembrane, construction, and aerospace/defense markets worldwide. The company has market cap of $1.50 billion. The firm operates in three divisions: Applied Technology, Engineered Films, and Aerostar. It has a 37.04 P/E ratio. The Applied Technology segment designs, makes, sells, and services precision agriculture products and information management tools that enable growers to enhance farm yields.

Raven Industries, Inc. (NASDAQ:RAVN) Institutional Positions Chart

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