Metropolitan Life Insurance Co. NY Continues to Hold Stake in Raven Industries, Inc. (RAVN)

Metropolitan Life Insurance Co. NY maintained its position in Raven Industries, Inc. (NASDAQ:RAVN) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,575 shares of the conglomerate’s stock at the end of the fourth quarter. Metropolitan Life Insurance Co. NY owned approximately 0.07% of Raven Industries worth $670,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in Raven Industries by 192.4% in the third quarter. BlackRock Fund Advisors now owns 2,512,705 shares of the conglomerate’s stock worth $57,868,000 after buying an additional 1,653,509 shares during the last quarter. Bank of New York Mellon Corp boosted 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 conglomerate’s stock valued at $23,331,000 after buying an additional 75,423 shares during the last quarter. State Street Corp boosted its position in shares of Raven Industries by 7.8% in the fourth quarter. State Street Corp now owns 784,063 shares of the conglomerate’s stock valued at $19,757,000 after buying an additional 56,716 shares during the last quarter. Capco Asset Management LLC acquired a new position in shares of Raven Industries during the fourth quarter valued at about $14,598,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Raven Industries by 96.1% in the third quarter. Ameriprise Financial Inc. now owns 366,219 shares of the conglomerate’s stock valued at $8,434,000 after buying an additional 179,505 shares during the last quarter. Hedge funds and other institutional investors own 76.44% of the company’s stock.

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

Raven Industries, Inc. (NASDAQ:RAVN) traded up 1.54% during mid-day trading on Thursday, hitting $29.70. 22,014 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $29.37 and its 200-day moving average price is $25.73. Raven Industries, Inc. has a one year low of $15.01 and a one year high of $31.35. The stock has a market cap of $1.07 billion, a PE ratio of 53.32 and a beta of 0.92.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Monday, April 17th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, April 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.78%. Raven Industries’s dividend payout ratio is currently 200.00%.

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Several analysts have commented on the stock. TheStreet raised shares of Raven Industries from a “c” rating to a “b-” rating in a research report on Thursday, February 23rd. Dougherty & Co raised shares of Raven Industries from a “neutral” rating to a “buy” rating in a research report on Friday, February 17th.

About Raven Industries

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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