Seven Six Capital Management LLC Boosts Holdings in REV Group, Inc. $REVG

Key Points

• Seven Six Capital Management LLC increased its stake in REV Group, Inc. by 4.7% in the first quarter, now holding approximately 92,458 shares valued at $2.92 million.
• REV Group reported a strong quarterly earnings result with $0.79 EPS, surpassing analyst estimates of $0.63, alongside a year-over-year revenue increase of 11.3%.
• The company has declared a quarterly dividend of $0.06 per share, reflecting an annualized payout of $0.24 and a yield of 0.4%.

Seven Six Capital Management LLC boosted its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,458 shares of the company's stock after purchasing an additional 4,150 shares during the period. REV Group comprises 2.6% of Seven Six Capital Management LLC's holdings, making the stock its 19th biggest holding. Seven Six Capital Management LLC owned approximately 0.18% of REV Group worth $2,922,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC bought a new position in REV Group in the 4th quarter worth about $513,000. SG Americas Securities LLC grew its stake in REV Group by 300.6% in the 1st quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock worth $480,000 after acquiring an additional 11,391 shares in the last quarter. Speece Thorson Capital Group Inc. bought a new position in REV Group in the 1st quarter worth about $4,842,000. American Century Companies Inc. grew its stake in REV Group by 345.5% in the 1st quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock worth $20,346,000 after acquiring an additional 499,328 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in REV Group by 32.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company's stock worth $11,120,000 after acquiring an additional 86,703 shares in the last quarter.

REV Group Stock Down 1.0%

REV Group stock traded down $0.65 during mid-day trading on Friday, reaching $63.26. 438,507 shares of the company were exchanged, compared to its average volume of 730,132. The business has a fifty day moving average of $51.79 and a 200 day moving average of $41.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.53 and a current ratio of 1.63. The firm has a market cap of $3.09 billion, a P/E ratio of 29.85 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.16. The company had revenue of $644.90 million during 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%.REV Group's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. Research analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors 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 dividend on an annualized basis and a yield of 0.4%. REV Group's dividend payout ratio is presently 11.32%.

Wall Street Analyst Weigh In

REVG has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their target price on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Zacks Research downgraded shares of REV Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Morgan Stanley set a $64.00 target price on shares of REV Group in a research note on Tuesday. Wall Street Zen upgraded shares of REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Robert W. Baird upped their target price 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. Two 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.