Caxton Associates LLP Acquires Shares of 18,969 REV Group, Inc. $REVG

Key Points

• Caxton Associates LLP acquired 18,969 shares of REV Group, Inc. worth approximately $599,000, indicating strong institutional interest in the stock.
• REV Group reported an EPS of $0.79 for the last quarter, surpassing estimates and showing an 11.3% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.06 per share, contributing to a 0.4% annual yield for shareholders, reflecting its commitment to returning value to investors.

Caxton Associates LLP purchased a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,969 shares of the company's stock, valued at approximately $599,000.

Several other hedge funds also recently modified their holdings of REVG. High Ground Investment Management LLP acquired a new position in shares of REV Group during the 1st quarter valued at $59,288,000. Aberdeen Group plc bought a new stake in shares of REV Group during the 1st quarter worth $25,796,000. American Century Companies Inc. boosted its stake in shares of REV Group by 345.5% during the 1st quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock worth $20,346,000 after acquiring an additional 499,328 shares in the last quarter. Bragg Financial Advisors Inc bought a new stake in shares of REV Group during the 1st quarter worth $11,639,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of REV Group during the 4th quarter worth $9,749,000.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Robert W. Baird raised their target price on REV Group from $50.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Morgan Stanley set a $64.00 target price on REV Group in a research report on Tuesday, September 9th. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. The Goldman Sachs Group raised their target price on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Finally, Zacks Research cut REV Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $56.50.

REV Group Stock Performance

Shares of REV Group stock traded down $1.32 during trading on Tuesday, reaching $58.95. The company's stock had a trading volume of 533,971 shares, compared to its average volume of 734,460. REV Group, Inc. has a one year low of $25.76 and a one year high of $64.47. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 27.86 and a beta of 1.15. The business's fifty day moving average price is $52.23 and its 200-day moving average price is $41.87. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.53 and a current ratio of 1.63.

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

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. REV Group's dividend payout ratio (DPR) is 11.32%.

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.