Counterpoint Mutual Funds LLC Makes New Investment in REV Group, Inc. $REVG

Key Points

• Counterpoint Mutual Funds LLC acquired a new stake in REV Group, Inc., purchasing 9,041 shares valued at approximately $430,000 during the 2nd quarter.
• REV Group reported an EPS of $0.79 for the last quarter, beating estimates by $0.16 and showing a revenue increase of 11.3% compared to the previous year.
• The company declared a quarterly dividend of $0.06 per share, with a dividend yield of 0.4%, scheduled for payment on October 10th.

Counterpoint Mutual Funds LLC purchased a new stake in REV Group, Inc. (NYSE:REVG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,041 shares of the company's stock, valued at approximately $430,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in REVG. KBC Group NV acquired a new stake in shares of REV Group during the 1st quarter valued at about $33,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in REV Group during the first quarter valued at approximately $54,000. New Age Alpha Advisors LLC grew its stake in shares of REV Group by 71.0% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company's stock valued at $68,000 after purchasing an additional 899 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of REV Group during the 2nd quarter worth approximately $193,000. Finally, Longboard Asset Management LP acquired a new stake in REV Group in the 2nd quarter valued at $221,000.

REV Group Trading Down 3.3%

REVG opened at $58.38 on Wednesday. REV Group, Inc. has a 1-year low of $25.76 and a 1-year high of $64.47. The stock has a market capitalization of $2.85 billion, a PE ratio of 27.54 and a beta of 1.15. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $53.50 and a two-hundred day moving average price of $43.05.

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

REV Group Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on REVG. DA Davidson increased their price objective on REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, September 4th. Robert W. Baird upped their target price on shares of REV Group from $50.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. The Goldman Sachs Group upped their price objective on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Finally, Morgan Stanley set a $64.00 target price on REV Group in a report on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $56.50.

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.

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