REV Group, Inc. (NYSE:REVG – Get Free Report)’s stock price traded down 2.5% during mid-day trading on Tuesday . The company traded as low as $26.46 and last traded at $26.52. 44,207 shares were traded during mid-day trading, a decline of 95% from the average session volume of 831,987 shares. The stock had previously closed at $27.20.
Analyst Ratings Changes
REVG has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price target on shares of REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday, April 16th. StockNews.com cut shares of REV Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.60.
REV Group Stock Performance
The stock’s fifty day moving average is $23.00 and its two-hundred day moving average is $19.64. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 6.36 and a beta of 1.67.
REV Group (NYSE:REVG – Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The business had revenue of $586.00 million for the quarter, compared to analysts’ expectations of $579.42 million. During the same quarter last year, the company earned $0.04 EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Sell-side analysts predict that REV Group, Inc. will post 1.35 earnings per share for the current year.
REV Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a $0.05 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. REV Group’s dividend payout ratio is presently 4.94%.
Hedge Funds Weigh In On REV Group
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale bought a new position in REV Group in the 4th quarter valued at about $39,000. New York State Teachers Retirement System bought a new position in shares of REV Group during the 1st quarter valued at about $63,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of REV Group by 6.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 47,121 shares of the company’s stock valued at $754,000 after purchasing an additional 2,947 shares in the last quarter. AJOVista LLC bought a new position in shares of REV Group during the 4th quarter valued at about $68,000. Finally, Bank of New York Mellon Corp boosted its position in shares of REV Group by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 324,516 shares of the company’s stock valued at $5,192,000 after purchasing an additional 3,820 shares in 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.