REV Group (NYSE:REVG) Sets New 12-Month High - Time to Buy?

Key Points

• REV Group shares recently reached a new 52-week high of $51.37, reflecting strong trading activity with a volume of 95,415 shares.
• Analysts have upgraded REV Group’s stock ratings, with price targets now ranging from $30.00 to $55.00, indicating a mixed outlook from a "sell" to a "strong buy" rating.
• The company has announced a quarterly dividend of $0.06 per share, marking a yield of 0.5% and highlighting its commitment to returning value to shareholders.

REV Group, Inc. (NYSE:REVG - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $51.37 and last traded at $50.73, with a volume of 95415 shares trading hands. The stock had previously closed at $49.76.

Analysts Set New Price Targets

Several brokerages have issued reports on REVG. Morgan Stanley upgraded REV Group from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $33.00 to $46.00 in a research report on Wednesday, June 18th. DA Davidson lifted their price objective on REV Group from $51.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group boosted their target price on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Finally, Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $42.25.

REV Group Stock Up 1.4%

The business has a fifty day moving average of $46.16 and a 200 day moving average of $37.49. The firm has a market cap of $2.46 billion, a P/E ratio of 26.83 and a beta of 1.18. The company has a quick ratio of 0.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.36.

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, beating analysts' consensus estimates of $0.57 by $0.13. REV Group had a return on equity of 23.99% and a net margin of 4.16%. The business had revenue of $629.10 million during the quarter, compared to the consensus estimate of $603.51 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. On average, equities research analysts predict that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, June 27th. REV Group's dividend payout ratio is presently 12.77%.

Insider Transactions at REV Group

In other news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 516,446 shares of the company's stock, 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 SEC, which is available at this link. Insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On REV Group

Large investors have recently made changes to their positions in the company. Millennium Management LLC acquired a new stake in REV Group during the fourth quarter worth approximately $513,000. SG Americas Securities LLC boosted its holdings in shares of REV Group by 300.6% in the 1st quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock valued at $480,000 after purchasing an additional 11,391 shares in the last quarter. Speece Thorson Capital Group Inc. acquired a new stake in shares of REV Group in the 1st quarter valued at $4,842,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of REV Group by 32.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company's stock valued at $11,120,000 after purchasing an additional 86,703 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of REV Group in the 4th quarter valued at $474,000.

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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