REV Group (NYSE:REVG) Sets New 12-Month High - Here's Why

REV Group, Inc. (NYSE:REVG - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $46.10 and last traded at $46.00, with a volume of 919763 shares traded. The stock had previously closed at $44.82.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday. DA Davidson boosted their target price on shares of REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Morgan Stanley lowered REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 target price for the company. in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group lifted their price target on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Two equities research analysts have rated the stock with a sell 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 an average rating of "Hold" and a consensus target price of $38.00.

REV Group Price Performance

The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.19 billion, a PE ratio of 9.99 and a beta of 1.12. The stock's 50-day moving average is $34.80 and its 200 day moving average is $33.14.

REV Group (NYSE:REVG - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.57 by $0.13. REV Group had a net margin of 10.82% and a return on equity of 17.74%. The business had revenue of $629.10 million for the quarter, compared to analysts' expectations of $603.51 million. During the same period in the previous year, the company posted $0.39 EPS. REV Group's revenue was up 2.0% on a year-over-year basis. As a group, equities analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.54%. The ex-dividend date is Friday, June 27th. REV Group's payout ratio is presently 12.77%.

Insider Buying and Selling at REV Group

In other news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the completion of the sale, the chief executive officer now owns 516,446 shares in the company, valued at approximately $22,635,828.18. This represents a 15.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in REVG. KBC Group NV bought a new position in shares of REV Group in the first quarter valued at approximately $33,000. New Age Alpha Advisors LLC acquired a new position in REV Group in the 4th quarter valued at $40,000. McIlrath & Eck LLC grew its stake in REV Group by 31.5% in the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock valued at $46,000 after buying an additional 344 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in REV Group in the 1st quarter worth $54,000. Finally, Pictet Asset Management Holding SA acquired a new position in REV Group during the 4th quarter worth $202,000.

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.