State of Wyoming Makes New Investment in REV Group, Inc. $REVG

Key Points

• The State of Wyoming acquired a new stake in REV Group, Inc. worth approximately $223,000 by purchasing 7,046 shares during the first quarter.
• REV Group reported a quarterly earnings per share (EPS) of $0.79, exceeding expectations and marking an 11.3% revenue increase compared to the previous year.
• Analysts have mixed ratings for REV Group, with recommendations ranging from "strong-buy" to "sell," and an average price target of $42.25.

State of Wyoming purchased a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,046 shares of the company's stock, valued at approximately $223,000.

A number of other large investors also recently added to or reduced their stakes in REVG. KBC Group NV bought a new position in shares of REV Group during the 1st quarter worth $33,000. McIlrath & Eck LLC increased its position in shares of REV Group by 31.5% in the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock valued at $46,000 after buying an additional 344 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of REV Group during the first quarter worth approximately $54,000. New Age Alpha Advisors LLC lifted its stake in shares of REV Group by 71.0% in the 1st 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 during the last quarter. Finally, Bridgefront Capital LLC purchased a new stake in shares of REV Group in the 4th quarter valued at $216,000.

REV Group Stock Performance

REVG traded down $0.75 during midday trading on Monday, reaching $61.78. The company had a trading volume of 502,627 shares, compared to its average volume of 729,283. The business has a 50-day moving average price of $50.68 and a two-hundred day moving average price of $40.54. 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 stock has a market cap of $3.01 billion, a PE ratio of 29.21 and a beta of 1.15. REV Group, Inc. has a 12-month low of $25.00 and a 12-month high of $63.38.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.16. The company had revenue of $644.90 million during the quarter, compared to analysts' expectations 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 prior year, the company earned $0.48 EPS. REV Group has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.06 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. REV Group's payout ratio is currently 11.32%.

Analyst Upgrades and Downgrades

REVG has been the subject of several research analyst reports. Morgan Stanley raised REV Group from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $33.00 to $46.00 in a research note on Wednesday, June 18th. The Goldman Sachs Group boosted their price objective on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. DA Davidson upped their price objective on shares of REV Group from $55.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Zacks Research cut shares of REV Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $52.00.

REV Group Company 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.