REV Group (NYSE:REVG) Sets New 12-Month High at $25.60

REV Group, Inc. (NYSE:REVG) reached a new 52-week high during trading on Monday . The stock traded as high as $25.60 and last traded at $25.60, with a volume of 15902 shares trading hands. The stock had previously closed at $23.25.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com cut REV Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group increased their price objective 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. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.60.

REV Group Trading Up 2.5 %

The company has a fifty day moving average price of $20.93 and a two-hundred day moving average price of $18.37. The firm has a market cap of $1.23 billion, a P/E ratio of 5.92 and a beta of 1.67.

REV Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.10. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The company had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $579.42 million. During the same period in the prior year, the firm earned $0.04 earnings per share. REV Group’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, sell-side analysts expect that REV Group, Inc. will post 1.35 EPS for the current year.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, March 27th. REV Group’s payout ratio is 4.94%.

Hedge Funds Weigh In On REV Group

Several hedge funds have recently modified their holdings of REVG. DekaBank Deutsche Girozentrale bought a new position in REV Group during the fourth quarter worth $39,000. New York State Teachers Retirement System acquired a new position in REV Group during the first quarter worth about $63,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in REV Group by 6.7% in 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 during the last quarter. AJOVista LLC bought a new position in shares of REV Group in the 4th quarter valued at $68,000. Finally, Bank of New York Mellon Corp raised its position in REV Group by 1.2% in the third 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 during 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.