State of Wyoming Invests $223,000 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 acquired 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 firm acquired 7,046 shares of the company's stock, valued at approximately $223,000.

Several other hedge funds have also made changes to their positions in the business. McIlrath & Eck LLC boosted its holdings in shares of REV Group by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after purchasing an additional 344 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of REV Group by 1.3% during the first quarter. SummerHaven Investment Management LLC now owns 31,303 shares of the company's stock worth $989,000 after purchasing an additional 414 shares during the last quarter. Hsbc Holdings PLC boosted its holdings 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 purchasing an additional 629 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of REV Group by 5.2% during the fourth quarter. Vident Advisory LLC now owns 16,348 shares of the company's stock worth $521,000 after purchasing an additional 805 shares during the last quarter. Finally, New Age Alpha Advisors LLC boosted its holdings 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 purchasing an additional 899 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. DA Davidson raised their price objective on REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. Zacks Research lowered REV Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Morgan Stanley raised REV Group from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $33.00 to $46.00 in a research report on Wednesday, June 18th. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Finally, Robert W. Baird increased their target price on REV Group from $50.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, REV Group presently has a consensus rating of "Hold" and an average target price of $52.00.

REV Group Stock Down 0.9%

NYSE:REVG traded down $0.54 during mid-day trading on Tuesday, hitting $61.65. The company had a trading volume of 116,557 shares, compared to its average volume of 728,582. The business has a fifty day simple moving average of $50.97 and a 200-day simple moving average of $40.76. 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, Inc. has a 1 year low of $25.15 and a 1 year high of $63.38. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 29.19 and a beta of 1.15.

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, beating the consensus estimate of $0.63 by $0.16. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The company had revenue of $644.90 million for the quarter, compared to analyst estimates of $613.24 million. During the same period last year, the company posted $0.48 earnings per share. The firm's revenue was up 11.3% compared to the same quarter last year. REV Group has set its FY 2025 guidance at EPS. Equities analysts forecast that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.24 annualized dividend and a yield of 0.4%. REV Group's dividend payout ratio (DPR) 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.