Barrow Hanley Mewhinney & Strauss LLC Sells 440 Shares of Raven Industries, Inc. (RAVN)

Barrow Hanley Mewhinney & Strauss LLC reduced its position in shares of Raven Industries, Inc. (NASDAQ:RAVN) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,286 shares of the company’s stock after selling 440 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Raven Industries were worth $1,494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in shares of Raven Industries by 8.0% in the third quarter. Bank of New York Mellon Corp now owns 1,013,043 shares of the company’s stock worth $23,331,000 after buying an additional 75,423 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of Raven Industries during the third quarter worth approximately $1,489,000. State of Tennessee Treasury Department purchased a new position in shares of Raven Industries during the third quarter worth approximately $665,000. Garrison Financial Corp raised its position in shares of Raven Industries by 1.7% in the third quarter. Garrison Financial Corp now owns 83,748 shares of the company’s stock worth $1,929,000 after buying an additional 1,387 shares during the last quarter. Finally, Cove Street Capital LLC raised its position in shares of Raven Industries by 16.5% in the second quarter. Cove Street Capital LLC now owns 1,082,025 shares of the company’s stock worth $20,493,000 after buying an additional 153,611 shares during the last quarter. Institutional investors and hedge funds own 76.44% of the company’s stock.

Institutional Ownership by Quarter for Raven Industries (NASDAQ:RAVN)

Raven Industries, Inc. (NASDAQ:RAVN) traded down 0.40% on Tuesday, reaching $24.80. The company’s stock had a trading volume of 4,844 shares. The company has a 50-day moving average price of $24.70 and a 200 day moving average price of $23.52. The company has a market cap of $894.68 million, a P/E ratio of 157.96 and a beta of 0.92. Raven Industries, Inc. has a 12 month low of $12.88 and a 12 month high of $26.90.

The company also recently declared a quarterly dividend, which was paid on Friday, January 20th. Shareholders of record on Friday, January 6th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, January 4th. This represents a $0.52 dividend on an annualized basis and a yield of 2.09%. Raven Industries’s payout ratio is 200.00%.

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Several research analysts have issued reports on RAVN shares. Zacks Investment Research lowered Raven Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. Piper Jaffray Companies started coverage on Raven Industries in a research note on Wednesday, December 14th. They set a “neutral” rating and a $23.00 price objective for the company.

Raven Industries Company Profile

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).

5 Day Chart for NASDAQ:RAVN

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