REV Group (NYSE:REVG) Sets New 1-Year High – Here’s What Happened

Shares of REV Group, Inc. (NYSE:REVG) hit a new 52-week high on Monday . The company traded as high as $67.80 and last traded at $67.5340, with a volume of 25599 shares changing hands. The stock had previously closed at $67.06.

Wall Street Analyst Weigh In

A number of research firms have recently commented on REVG. Weiss Ratings reissued a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. Baird R W cut REV Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Robert W. Baird reissued a “neutral” rating and set a $55.00 target price (down previously from $64.00) on shares of REV Group in a research note on Monday, December 1st. DA Davidson downgraded shares of REV Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $68.00 to $57.00 in a research note on Friday, October 31st. Finally, Morgan Stanley set a $55.00 price objective on shares of REV Group in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, REV Group currently has an average rating of “Hold” and a consensus target price of $49.25.

REV Group Stock Up 1.6%

The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 35.65 and a beta of 1.14. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $57.02 and a 200 day moving average price of $54.93.

REV Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.05. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The company had revenue of $664.40 million during the quarter, compared to the consensus estimate of $646.77 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. As a group, analysts forecast that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, December 24th. REV Group’s payout ratio is 12.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its holdings in REV Group by 298.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after acquiring an additional 409 shares during the period. IFP Advisors Inc grew its holdings in shares of REV Group by 798.5% during the third quarter. IFP Advisors Inc now owns 593 shares of the company’s stock valued at $34,000 after buying an additional 527 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in REV Group during the 2nd quarter worth approximately $38,000. Covestor Ltd raised its stake in shares of REV Group by 22,600.0% in the third quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after purchasing an additional 678 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in REV Group by 19.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock valued at $64,000 after buying an additional 181 shares during the last quarter.

REV Group Company Profile

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.