Moran Wealth Management LLC Acquires Shares of 7,517 REV Group, Inc. $REVG

Key Points

• Moran Wealth Management LLC has acquired 7,517 shares of REV Group, Inc., valued at approximately $358,000, as part of its recent investment activities during the second quarter.
• Multiple institutional investors have also increased their stakes in REV Group, with notable increases by KLP Kapitalforvaltning AS and SummerHaven Investment Management LLC, demonstrating growing interest in the company.
• REV Group recently reported a quarterly EPS of $0.79, which exceeded analyst expectations, and disclosed a quarterly dividend of $0.06, reflecting a modest annualized yield of 0.4%.

Moran Wealth Management LLC acquired a new stake in REV Group, Inc. (NYSE:REVG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,517 shares of the company's stock, valued at approximately $358,000.

A number of other institutional investors also recently bought and sold shares of REVG. KLP Kapitalforvaltning AS increased its stake in shares of REV Group by 2.6% during the second quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the company's stock worth $557,000 after acquiring an additional 300 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of REV Group by 1.5% during the second quarter. SummerHaven Investment Management LLC now owns 31,778 shares of the company's stock worth $1,512,000 after acquiring an additional 475 shares during the period. Hsbc Holdings PLC increased its stake in shares of REV Group by 8.6% during the first quarter. Hsbc Holdings PLC now owns 7,914 shares of the company's stock worth $249,000 after acquiring an additional 629 shares during the period. New Age Alpha Advisors LLC increased its stake in shares of REV Group by 71.0% during the first quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company's stock worth $68,000 after acquiring an additional 899 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of REV Group by 1.6% during the first quarter. Principal Financial Group Inc. now owns 58,809 shares of the company's stock worth $1,858,000 after acquiring an additional 903 shares during the period.

Wall Street Analysts Forecast Growth

REVG has been the topic of a number of recent analyst reports. DA Davidson boosted their price target on shares of 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 boosted their price target on shares of REV Group from $50.00 to $64.00 and gave the stock an "outperform" rating in a research note on Thursday, September 4th. Weiss Ratings reiterated a "buy (b)" rating on shares of REV Group in a research note on Wednesday, October 8th. Morgan Stanley set a $64.00 price target on shares of REV Group in a research note on Tuesday, September 9th. Finally, Zacks Research raised shares of REV Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $56.50.

REV Group Stock Down 1.1%

REVG stock opened at $57.11 on Friday. The company has a market cap of $2.79 billion, a P/E ratio of 26.94 and a beta of 1.16. REV Group, Inc. has a 52 week low of $25.76 and a 52 week high of $64.47. The company's 50-day moving average price is $56.11 and its 200 day moving average price is $45.82. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23.

REV Group (NYSE:REVG - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.16. The firm had revenue of $644.90 million for 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 was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. On average, research analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, September 26th. REV Group's dividend payout ratio is 11.32%.

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.

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