7,433 Shares in REV Group, Inc. $REVG Acquired by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management has acquired 7,433 shares of REV Group, Inc. valued at approximately $354,000 during Q2.
• REV Group's recent earnings report showed earnings per share of $0.79, exceeding analysts' expectations of $0.63, with a revenue of $644.90 million for the quarter.
• The firm declared a quarterly dividend of $0.06 per share, resulting in an annualized dividend yield of 0.4% and a payout ratio of 11.32%.

Ritholtz Wealth Management acquired a new position in REV Group, Inc. (NYSE:REVG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,433 shares of the company's stock, valued at approximately $354,000.

A number of other large investors also recently bought and sold shares of REVG. SG Americas Securities LLC raised its stake in REV Group by 300.6% in the first quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock worth $480,000 after buying an additional 11,391 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of REV Group by 32.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company's stock worth $11,120,000 after purchasing an additional 86,703 shares in the last quarter. Lisanti Capital Growth LLC acquired a new position in shares of REV Group during the first quarter worth $1,289,000. KBC Group NV acquired a new position in shares of REV Group during the first quarter worth $33,000. Finally, MorganRosel Wealth Management LLC increased its position in shares of REV Group by 6.7% during the first quarter. MorganRosel Wealth Management LLC now owns 46,033 shares of the company's stock worth $1,455,000 after purchasing an additional 2,904 shares in the last quarter.

REV Group Price Performance

Shares of REVG opened at $59.58 on Tuesday. The firm has a market capitalization of $2.91 billion, a PE ratio of 28.10 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. REV Group, Inc. has a 1-year low of $25.76 and a 1-year high of $64.47. The company's fifty day moving average price is $56.44 and its 200-day moving average price is $46.41.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.16. The firm had revenue of $644.90 million for the quarter, compared to analyst estimates of $613.24 million. REV Group had a net margin of 4.51% and a return on equity of 27.25%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. On average, equities research analysts predict that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, September 26th. REV Group's dividend payout ratio is presently 11.32%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Robert W. Baird upped their price target on REV Group from $50.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Zacks Research raised REV Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. DA Davidson upped their price target on REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of REV Group in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $64.00 price target on REV Group in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.50.

About REV Group

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.

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