REV Group, Inc. $REVG Stock Position Decreased by Toth Financial Advisory Corp

Key Points

• Toth Financial Advisory Corp has reduced its stake in REV Group, Inc. by 32.7%, holding 19,470 shares valued at approximately $927,000.
• Several hedge funds have recently increased their positions in REV Group, with notable acquisitions totaling millions in the first quarter of this year.
• The company announced a $0.06 quarterly dividend, which represents a dividend yield of 0.4%, set to be paid on October 10th.

Toth Financial Advisory Corp reduced its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 32.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,470 shares of the company's stock after selling 9,450 shares during the period. Toth Financial Advisory Corp's holdings in REV Group were worth $927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in REV Group in the second quarter worth $193,000. Perpetual Ltd purchased a new position in shares of REV Group during the 2nd quarter worth $323,000. Longboard Asset Management LP acquired a new position in REV Group during the 2nd quarter worth about $221,000. Pallas Capital Advisors LLC acquired a new stake in REV Group in the 2nd quarter valued at about $273,000. Finally, Persium Advisors LLC purchased a new position in shares of REV Group in the 2nd quarter valued at about $223,000.

Analyst Upgrades and Downgrades

Several research firms have weighed in on REVG. Zacks Research downgraded REV Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. 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. Morgan Stanley set a $64.00 price target on shares of REV Group in a research report on Tuesday, September 9th. Robert W. Baird raised their price target on shares of REV Group from $50.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. Finally, The Goldman Sachs Group lifted 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. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $56.50.

REV Group Trading Up 2.6%

Shares of NYSE:REVG traded up $1.51 on Monday, hitting $60.43. 676,056 shares of the company's stock were exchanged, compared to its average volume of 1,067,714. The business's 50 day simple moving average is $53.28 and its two-hundred day simple moving average is $42.95. REV Group, Inc. has a 12 month low of $25.76 and a 12 month high of $64.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 28.50 and a beta of 1.15.

REV Group (NYSE:REVG - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.16. The company had revenue of $644.90 million for 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%.The firm's quarterly revenue was up 11.3% compared to the same quarter last year. 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. Analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

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

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.