Moody National Bank Trust Division Sells 29,114 Shares of REV Group, Inc. $REVG

Key Points

• Moody National Bank Trust Division has reduced its stake in REV Group, Inc. by 37.8%, owning approximately $2.28 million worth of shares after selling 29,114 shares in the second quarter.
• REV Group reported earnings of $0.79 per share for the latest quarter, exceeding analysts' expectations and marking an 11.3% increase in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.06 per share, with a yield of 0.4%, reflecting a low payout ratio of 11.32%.

Moody National Bank Trust Division cut its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 37.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,931 shares of the company's stock after selling 29,114 shares during the quarter. Moody National Bank Trust Division owned 0.10% of REV Group worth $2,281,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV bought a new position in shares of REV Group during the first quarter worth approximately $33,000. McIlrath & Eck LLC raised its position in REV Group by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock valued at $46,000 after purchasing an additional 344 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in REV Group during the first quarter valued at approximately $54,000. New Age Alpha Advisors LLC raised its position in REV Group by 71.0% during the first 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 in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new position in REV Group during the second quarter valued at approximately $193,000.

REV Group Stock Down 1.0%

Shares of NYSE:REVG traded down $0.62 during midday trading on Tuesday, hitting $59.78. 174,501 shares of the company's stock were exchanged, compared to its average volume of 740,651. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. The stock has a 50 day moving average price of $53.28 and a 200-day moving average price of $42.95. The company has a market cap of $2.92 billion, a PE ratio of 28.21 and a beta of 1.15. REV Group, Inc. has a 12 month low of $25.76 and a 12 month high of $64.47.

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

REV Group Announces Dividend

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

Analyst Ratings Changes

Several brokerages have commented on REVG. Zacks Research downgraded shares of REV Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Robert W. Baird raised their target price on shares of REV Group from $50.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. Wall Street Zen upgraded shares of REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. DA Davidson raised their target price on shares of REV Group from $55.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. Finally, The Goldman Sachs Group raised their target price on shares of REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Two equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.