RAVN Raven Industries Inc.

Raven Industries, Inc. engages in the provision of technology products and solutions for the industrial, agricultural, energy, construction, and aerospace or defense industries. It operates through the following segments: Applied Technology, Engineered Films, Aerostar, and Corporate and Other. The Applied Technology segment designs, manufactures, sells, and services innovative precision agriculture products and information management tools that help growers reduce costs, control inputs, and improve farm yields to original equipment manufacturers. The Engineered Films segment produces and sells high-performance plastic films and sheeting to both direct to end-customers. The Aerostar segment offers high-altitude balloons, tethered aerostats, and radar processing systems. The Corporate and Other segment covers general and administrative expenses. The company was founded by J. R. Smith, Paul Edward Yost, Thon Duwayne, and Joseph Kaliszewski in February 1956 and is headquartered in Sioux Falls, SD.

Company profile

Ticker

RAVN

Exchange

NASDAQ

Website

www.ravenind.com

CEO

Daniel A. Rykhus

Incorporated

South Dakota

Location

South Dakota

Fiscal year end

Jan 31

Sector

Producer Manufacturing > Miscellaneous Manufacturing

Industry (SIC)

Unsupported Plastics Film & Sheet

STR • Fuwei Films • Xsunx • BioSolar ...

SEC CIK

0000082166

Corporate docs

Articles of Incorporation & Bylaws

IRS number

460246171

RAVN stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

28 May 20

11 Aug 20

31 Jan 21

News

Company financial data Financial data

Chart RAVN financial data

Quarter (USD)	Apr 20	Jan 20	Oct 19	Jul 19
Revenue	86.5M	85.76M	100.53M	98.06M
Net income	3.95M	2.7M	9.93M	8.77M
Diluted EPS	0.11	0.09	0.28	0.24
Net profit margin	4.57%	3.15%	9.88%	8.94%
Operating income	3.94M	2.92M	11.33M	10.57M
Net change in cash	51.87M	-56.39M	7.96M	7.76M
Cash on hand	72.58M	20.71M	77.09M	69.13M
Cost of revenue	58.03M	58.72M	70.23M	66.72M

Annual (USD)	Jan 20	Jan 19	Jan 18	Jan 17
Revenue	382.53M	406.67M	377.32M	277.4M
Net income	34.61M	51.87M	41.02M	20.19M
Diluted EPS	0.97	1.42	1.13	0.56
Net profit margin	9.05%	12.76%	10.87%	7.28%
Operating income	39.94M	55.13M	59.17M	28.41M
Net change in cash	-45.08M	25.25M	-10.11M	16.87M
Cash on hand	20.71M	65.79M	40.54M	50.65M
Cost of revenue	258.78M	274.12M	255.75M	199.21M

Financial data from company earnings reports

Recent insider trades

RAVN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
8 Jul 20	Andringa Jason M	Common Stock	Buy	Aquire P	No	20.1865	400	8.07K	15,000
8 Jul 20	Andringa Jason M	Common Stock	Buy	Aquire P	No	20.17	2,600	52.44K	14,600
5 Jul 20	Magnuson Lee A	Common Stock	Payment of exercise	Dispose F	No	0	228	0	736
5 Jul 20	Magnuson Lee A	Common Stock	Grant	Aquire A	No	0	936	0	964
5 Jul 20	Magnuson Lee A	RSU Common Stock	Grant	Dispose A	No	0	936	0	0
20 May 20	Lois M Martin	Deferred Stock Units Common Stock	Grant	Aquire A	No	21.46	3,961	85K	7,970.037
20 May 20	Andringa Jason M	Deferred Stock Units Common Stock	Grant	Aquire A	No	21.46	6,291	135K	33,555.775
20 May 20	Everist Thomas S	Deferred Stock Units Common Stock	Grant	Aquire A	No	21.46	3,961	85K	31,681.828

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

RAVN institutional ownership history Ownership history

76.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	148	163	-9.2%
Opened positions	16	24	-33.3%
Closed positions	31	11	+181.8%
Increased positions	66	57	+15.8%
Reduced positions	35	49	-28.6%

13F shares	Current	Prev Q	Change
Total value	2.7B	2.36B	+14.5%
Total shares	27.27M	27.89M	-2.2%
Total puts	0	500	EXIT
Total calls	23.1K	72.8K	-68.3%
Total put/call ratio	–	0.0	–

Largest owners	Shares	Value	Change
BLK BlackRock	5.2M	$110.39M	-2.5%
Vanguard	3.76M	$79.89M	+0.4%
Royce & Associates	2.12M	$45.05M	+7.7%
Dimensional Fund Advisors	1.41M	$30M	-0.9%
STT State Street	1.07M	$22.72M	+6.3%
Thrivent Financial For Lutherans	921.24K	$19.56M	+62.6%
Atlanta Capital Management Co L L C	837.44K	$17.78M	+40.8%
MS Morgan Stanley	778.41K	$16.53M	+74.2%
Bamco	675K	$14.33M	-27.0%
NTRS Northern Trust	605.83K	$12.86M	+3.6%

Largest transactions	Shares	Bought/sold	Change
NEU Neuberger Berman	338.97K	-1.04M	-75.3%
Norges Bank	0	-759.11K	EXIT
Thrivent Financial For Lutherans	921.24K	+354.76K	+62.6%
MS Morgan Stanley	778.41K	+331.46K	+74.2%
Bamco	675K	-250K	-27.0%
Atlanta Capital Management Co L L C	837.44K	+242.73K	+40.8%
N Price T Rowe Associates	495.01K	-157.01K	-24.1%
Confluence Investment Management	0	-155.16K	EXIT
Royce & Associates	2.12M	+152.52K	+7.7%
Pier Capital	151.78K	+151.78K	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Applied Technology designs, manufactures, sells, and services innovative precision agriculture products, autonomous solutions, and information management tools, which are collectively referred to as precision agriculture equipment, that help farmers reduce costs, more precisely control inputs, and improve yields for the global agriculture market.
•Market conditions. The North American ag market continues to be negatively impacted by low commodity prices, and the pandemic has driven further uncertainty in the marketplace. Unfavorable oil prices and demand has caused a significant reduction in ethanol production which has an unfavorable impact on corn prices. These factors have reduced expected farm income, and OEMs have responded with plans for lower production of new machines. The Company anticipates these low commodity prices, and an anticipated tightening of ag lending, will likely hamper any improvement in ag market conditions throughout fiscal 2021. The Company does not model comparative market share position for its divisions, but the Company believes Applied Technology maintained or increased its market share in the first quarter of fiscal 2021.
•Sales volume and selling prices. First quarter fiscal 2021 net sales increased $0.3 million or 0.7%, to $42.0 million compared to $41.7 million in the prior year. Higher sales volume, rather than a change in selling price, was the primary driver of this increase. Net sales in the first quarter of fiscal 2021 included $2.8 million of last time buy activity to a non-strategic OEM customer, which was an increase of $1.1 million versus the prior year comparative period. Strong sales development in the current quarter led to increased sales to OEMs of new and existing products

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

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From filing 10-Q 2021 Q1