Nuveen LLC Buys Shares of 197,330 REV Group, Inc. $REVG

Key Points

• Nuveen LLC has acquired a new stake in REV Group, Inc., purchasing 197,330 shares valued at approximately $6.24 million, which represents 0.38% of the company's total shares.
• REV Group announced a quarterly dividend of $0.06 per share, which equates to an annualized dividend yield of 0.4% and a payout ratio of 12.77%.
• The company's stock price has seen significant movement, opening at $53.61 recently, with a 52-week high of $53.87 and low of $21.54.

Nuveen LLC bought a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 197,330 shares of the company's stock, valued at approximately $6,236,000. Nuveen LLC owned approximately 0.38% of REV Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in REVG. KBC Group NV purchased a new stake in REV Group during the first quarter valued at about $33,000. McIlrath & Eck LLC grew its holdings in shares of REV Group by 31.5% during the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after acquiring an additional 344 shares during the period. New Age Alpha Advisors LLC grew its holdings in shares of REV Group by 71.0% during the 1st 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. Bridgefront Capital LLC purchased a new stake in shares of REV Group in the 4th quarter worth approximately $216,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of REV Group in the 4th quarter worth approximately $220,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on REVG shares. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. The Goldman Sachs Group increased their price target on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Morgan Stanley upgraded REV Group from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $33.00 to $46.00 in a research note on Wednesday, June 18th. Finally, DA Davidson increased their price target on REV Group from $51.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.25.

Insider Buying and Selling

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of REV Group stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $43.83, for a total value of $4,058,701.83. Following the completion of the transaction, the chief executive officer owned 516,446 shares in the company, valued at approximately $22,635,828.18. This trade represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company's stock.

REV Group Price Performance

Shares of REV Group stock traded down $0.55 during trading on Friday, reaching $53.23. 513,640 shares of the stock traded hands, compared to its average volume of 614,379. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 28.32 and a beta of 1.18. The business has a fifty day simple moving average of $49.45 and a two-hundred day simple moving average of $39.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.66 and a quick ratio of 0.53. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $54.68.

REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.13. The firm had revenue of $629.10 million during the quarter, compared to analyst estimates of $603.51 million. REV Group had a return on equity of 23.99% and a net margin of 4.16%.The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. REV Group has set its FY 2025 guidance at EPS. Sell-side analysts expect that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a $0.06 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.24 annualized dividend and a yield of 0.5%. REV Group's dividend payout ratio (DPR) is currently 12.77%.

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.