REV Group (NYSE:REVG) Hits New 12-Month High - What's Next?

Key Points

• REV Group, Inc. (NYSE:REVG) reached a new 52-week high at $52.12, with a trading volume of over 1 million shares.
• Analysts have mixed ratings on REV Group, with a consensus rating of Moderate Buy and target prices ranging from $30 to $55.
• The company recently announced a quarterly dividend of $0.06 per share, yielding 0.5% annually, with a payout ratio of 12.77%.

REV Group, Inc. (NYSE:REVG - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $52.12 and last traded at $51.91, with a volume of 1008777 shares traded. The stock had previously closed at $49.97.

Wall Street Analyst Weigh In

Several equities research analysts have commented on REVG shares. DA Davidson boosted their target price on shares of REV Group from $51.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen upgraded shares of REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. The Goldman Sachs Group boosted their target price on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Finally, Morgan Stanley upgraded shares of REV Group from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $33.00 to $46.00 in a research report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $42.25.

REV Group Stock Up 3.9%

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.66. The firm's 50-day moving average is $47.23 and its 200 day moving average is $37.93. The firm has a market capitalization of $2.53 billion, a PE ratio of 27.61 and a beta of 1.18.

REV Group (NYSE:REVG - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.57 by $0.13. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The business had revenue of $629.10 million for the quarter, compared to analyst estimates of $603.51 million. During the same period in the previous year, the firm earned $0.39 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts forecast 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 was paid on Friday, July 11th. Investors of record on Friday, June 27th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.24 annualized dividend and a yield of 0.5%. REV Group's payout ratio is presently 12.77%.

Insiders Place Their Bets

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the business's stock in a transaction dated Friday, June 6th. The shares were 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 of the company's stock, valued at approximately $22,635,828.18. The trade was a 15.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new position in REV Group in the 4th quarter valued at about $513,000. SG Americas Securities LLC raised 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 valued at $480,000 after purchasing an additional 11,391 shares during the last quarter. Speece Thorson Capital Group Inc. acquired a new position in REV Group in the 1st quarter valued at about $4,842,000. Wealth Enhancement Advisory Services LLC raised 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 valued at $11,120,000 after purchasing an additional 86,703 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of REV Group during the 4th quarter valued at about $474,000.

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.

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