REV Group (NYSE:REVG) Reaches New 12-Month High – Here’s What Happened

REV Group, Inc. (NYSE:REVG)’s stock price reached a new 52-week high on Monday . The stock traded as high as $32.38 and last traded at $32.07, with a volume of 49590 shares trading hands. The stock had previously closed at $30.91.

Analysts Set New Price Targets

REVG has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on shares of REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a report on Thursday, September 5th. StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, DA Davidson reissued a “buy” rating and issued a $33.00 price target on shares of REV Group in a report on Thursday, September 5th.

REV Group Stock Up 3.4 %

The firm’s 50 day moving average is $28.24 and its 200-day moving average is $27.42. The firm has a market cap of $1.66 billion, a PE ratio of 7.67 and a beta of 1.59. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54.

REV Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The business had revenue of $579.40 million for the quarter, compared to analysts’ expectations of $618.70 million. During the same quarter last year, the firm earned $0.31 earnings per share. The business’s revenue was down 14.8% on a year-over-year basis. As a group, equities research analysts expect that REV Group, Inc. will post 1.42 earnings per share for the current fiscal year.

REV Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.63%. REV Group’s payout ratio is 4.77%.

Institutional Investors Weigh In On REV Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after purchasing an additional 461 shares in the last quarter. Amalgamated Bank lifted its position in REV Group by 67.5% during the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock valued at $44,000 after buying an additional 716 shares in the last quarter. Victory Capital Management Inc. lifted its position in REV Group by 2.9% during the third quarter. Victory Capital Management Inc. now owns 29,334 shares of the company’s stock valued at $823,000 after buying an additional 822 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in REV Group by 11.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,806 shares of the company’s stock worth $269,000 after buying an additional 1,067 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of REV Group by 10.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company’s stock worth $336,000 after acquiring an additional 1,171 shares in the last quarter.

REV Group Company Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.