High Ground Investment Management LLP Has $90.97 Million Stock Position in REV Group, Inc. $REVG

Key Points

• High Ground Investment Management LLP increased its stake in REV Group, Inc. by 1.9%, owning nearly 1.9 million shares valued at approximately $90.97 million, marking it as the 4th largest holding in their portfolio.
• REV Group's stock recently reported quarterly earnings of $0.79 per share, exceeding analysts' expectations, with a revenue increase of 11.3% year over year at $644.9 million.
• The company announced a quarterly dividend of $0.06 per share, with a dividend yield of 0.4%, reflecting a low payout ratio of 11.32%.

High Ground Investment Management LLP grew its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,911,593 shares of the company's stock after acquiring an additional 35,382 shares during the quarter. REV Group comprises 19.1% of High Ground Investment Management LLP's holdings, making the stock its 4th largest holding. High Ground Investment Management LLP owned 3.92% of REV Group worth $90,973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC bought a new stake in shares of REV Group during the fourth quarter valued at approximately $513,000. SG Americas Securities LLC increased its holdings in shares of REV Group by 300.6% during the first quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock valued at $480,000 after acquiring an additional 11,391 shares in the last quarter. Speece Thorson Capital Group Inc. bought a new stake in shares of REV Group during the first quarter valued at approximately $4,842,000. American Century Companies Inc. increased its holdings in shares of REV Group by 345.5% during the first quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock valued at $20,346,000 after acquiring an additional 499,328 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings 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 valued at $11,120,000 after acquiring an additional 86,703 shares in the last quarter.

REV Group Price Performance

Shares of NYSE REVG opened at $58.38 on Wednesday. The firm has a market capitalization of $2.85 billion, a P/E ratio of 27.54 and a beta of 1.15. 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 50-day simple moving average is $53.50 and its two-hundred day simple moving average is $43.05. REV Group, Inc. has a twelve month low of $25.76 and a twelve month high of $64.47.

REV Group (NYSE:REVG - Get Free Report) last announced 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. The business had revenue of $644.90 million for the quarter, compared to analyst estimates of $613.24 million. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. REV Group has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, September 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. REV Group's dividend payout ratio is 11.32%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on REVG. Morgan Stanley set a $64.00 target price on REV Group in a research report on Tuesday, September 9th. The Goldman Sachs Group lifted their target price on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. DA Davidson lifted their target price on REV Group from $55.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. Robert W. Baird boosted their price objective on REV Group from $50.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Finally, Zacks Research downgraded REV Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $56.50.

REV Group 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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