26,937 Shares in REV Group, Inc. $REVG Purchased by Delphi Management Inc. MA

Key Points

• Delphi Management Inc. MA acquired a new position in REV Group, Inc. by purchasing 26,937 shares valued at approximately $1.28 million, representing about 0.06% ownership as disclosed in a recent SEC filing.
• REV Group's recent quarterly earnings showed a 16% increase in earnings per share, beating analyst expectations, and it has announced a quarterly dividend of $0.06 to be paid on October 10th.
• Wall Street analysts have mixed opinions on REV Group's stock, with target price estimates ranging from $30 to $68, while Zacks recently downgraded the stock from a "strong-buy" to a "hold" rating.

Delphi Management Inc. MA acquired a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,937 shares of the company's stock, valued at approximately $1,282,000. Delphi Management Inc. MA owned approximately 0.06% of REV Group at the end of the most recent reporting period.

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

REV Group Trading Down 1.5%

REVG traded down $0.92 during trading on Friday, hitting $58.44. The company's stock had a trading volume of 261,336 shares, compared to its average volume of 736,216. REV Group, Inc. has a twelve month low of $25.76 and a twelve month high of $64.47. The company has a quick ratio of 0.53, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The stock's fifty day moving average price is $52.83 and its 200-day moving average price is $42.33. The firm has a market capitalization of $2.85 billion, a P/E ratio of 27.59 and a beta of 1.15.

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

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis 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 presently 11.32%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. DA Davidson lifted their price target on shares of REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. The Goldman Sachs Group lifted their target price on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Morgan Stanley set a $64.00 target price on REV Group in a report on Tuesday, September 9th. Robert W. Baird lifted their price objective on REV Group from $50.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. Finally, Zacks Research lowered REV Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.