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

REV Group, Inc. (NYSE:REVG - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $46.28 and last traded at $46.12, with a volume of 50482 shares traded. The stock had previously closed at $45.72.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. DA Davidson lifted their price target on REV Group from $39.00 to $51.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $33.00 to $46.00 in a research note on Wednesday, June 18th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.25.

REV Group Price Performance

The company has a quick ratio of 0.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.36. The company's 50-day moving average is $38.47 and its 200-day moving average is $34.32. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 24.76 and a beta of 1.12.

REV Group (NYSE:REVG - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.13. The company had revenue of $629.10 million for the quarter, compared to analyst estimates of $603.51 million. REV Group had a return on equity of 23.99% and a net margin of 4.16%. The business's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Equities research analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. REV Group's payout ratio is presently 12.77%.

Insider Activity at REV Group

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of REV Group stock in a transaction on 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 sale, the chief executive officer now directly owns 516,446 shares in the company, valued at approximately $22,635,828.18. The trade was a 15.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in REVG. High Ground Investment Management LLP bought a new position in REV Group in the 1st quarter valued at about $59,288,000. FMR LLC increased its stake in shares of REV Group by 26.7% in the 4th quarter. FMR LLC now owns 7,819,739 shares of the company's stock valued at $249,215,000 after purchasing an additional 1,646,293 shares during the last quarter. Aberdeen Group plc acquired a new position in shares of REV Group during the 1st quarter worth $25,796,000. Invesco Ltd. lifted its position in shares of REV Group by 43.4% during the 4th quarter. Invesco Ltd. now owns 1,731,557 shares of the company's stock worth $55,185,000 after buying an additional 524,369 shares during the last quarter. Finally, American Century Companies Inc. grew its position in REV Group by 345.5% in the first quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock valued at $20,346,000 after acquiring an additional 499,328 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.