REV Group (NYSE:REVG) Sets New 1-Year High - Here's Why

Shares of REV Group, Inc. (NYSE:REVG - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company 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.

Analyst Upgrades and Downgrades

REVG has been the topic of several recent research reports. DA Davidson lifted their price target on REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. The Goldman Sachs Group lifted their target price on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Morgan Stanley upgraded REV Group from an "underweight" rating to an "equal weight" rating and boosted their target price for the company 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 analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.25.

REV Group Trading Up 2.1%

The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 26.33 and a beta of 1.17. 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 business has a 50-day moving average of $39.90 and a 200-day moving average of $34.73.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 earnings per share (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 analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS. Research analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

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 $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, June 27th. REV Group's dividend payout ratio (DPR) is presently 12.77%.

Insider Buying and Selling at REV Group

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm'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 sale, the chief executive officer directly owned 516,446 shares in the company, valued at approximately $22,635,828.18. This trade represents a 15.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of REV Group

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

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