REV Group (NYSE:REVG) Hits New 1-Year High - Time to Buy?

REV Group, Inc. (NYSE:REVG - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $49.55 and last traded at $49.50, with a volume of 633726 shares. The stock had previously closed at $48.46.

Analysts Set New Price Targets

Several equities research analysts have weighed in on REVG shares. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Morgan Stanley raised REV Group from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $33.00 to $46.00 in a report on Wednesday, June 18th. The Goldman Sachs Group lifted their target price on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Finally, DA Davidson lifted their target price on REV Group from $39.00 to $51.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $41.25.

REV Group Trading Up 1.3%

The company has a current ratio of 1.66, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $40.62 and a 200 day simple moving average of $35.00. The firm has a market cap of $2.45 billion, a PE ratio of 26.71 and a beta of 1.17.

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. The business 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 quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. As a group, sell-side analysts forecast that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, June 27th. REV Group's payout ratio is 12.77%.

Insider Buying and Selling at REV Group

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the 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 completion of the transaction, the chief executive officer directly owned 516,446 shares of the company's stock, valued at approximately $22,635,828.18. This represents a 15.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. KBC Group NV acquired a new position in REV Group in the 1st quarter valued at $33,000. New Age Alpha Advisors LLC purchased a new stake in REV Group in the 4th quarter valued at $40,000. McIlrath & Eck LLC grew its holdings 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in REV Group in the 1st quarter valued at $54,000. Finally, Pictet Asset Management Holding SA purchased a new stake in REV Group in the 4th quarter valued at $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.