REV Group (NYSE:REVG) Hits New 1-Year High - Here's What Happened

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

Wall Street Analysts Forecast Growth

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

REV Group Price Performance

The stock's fifty day moving average price is $38.81 and its 200-day moving average price is $34.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.66 and a quick ratio of 0.53. The firm has a market cap of $2.32 billion, a PE ratio of 25.32 and a beta of 1.12.

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

REV Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.50%. REV Group's dividend payout ratio (DPR) is currently 12.77%.

Insider Activity at REV Group

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $43.83, for a total value of $4,058,701.83. Following the sale, the chief executive officer directly owned 516,446 shares in the company, valued at $22,635,828.18. This trade represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Rhumbline Advisers increased its stake in REV Group by 5.7% in the first quarter. Rhumbline Advisers now owns 75,180 shares of the company's stock valued at $2,376,000 after purchasing an additional 4,050 shares during the last quarter. Caxton Associates LLP acquired a new stake in REV Group during the 1st quarter worth $599,000. Seven Six Capital Management LLC lifted its position in REV Group by 4.7% in the first quarter. Seven Six Capital Management LLC now owns 92,458 shares of the company's stock valued at $2,922,000 after acquiring an additional 4,150 shares during the last quarter. Petrus Trust Company LTA acquired a new position in REV Group in the first quarter valued at $364,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of REV Group by 5.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,726 shares of the company's stock worth $971,000 after purchasing an additional 1,520 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.