Raven Industries, Inc. Buyback
OLI recorded this information on 12/4/2017
Raven Industries, Inc.
Raven Industries, Inc. (NASDAQ:RAVN) announced today that its board of directors approved $25 million in stock repurchase authorization. With this additional authorization, the company will have approximately $28 million remaining in its stock repurchase program.
Raven Industries is a technology company providing a range of products to customers within the industrial, agricultural, geomembrane, construction, commercial lighter-than-air and aerospace/defense markets. Co. has three reportable segments: Applied Technology Division, which includes application controls, GPS-guidance steering systems, field computers, automatic boom controls, information management tools, and injection systems; Engineered Films Division, which produces plastic films and sheeting for geomembrane, agricultural, construction, and industrial applications; Aerostar Division, which provides products that include stratospheric platforms, technical services, and radar systems.
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Strong Buy (3.65 out of 4)
(ranked higher than approx. 70% of all stocks covered)
Based on Zacks ABR data;
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