REV Group, Inc. (NYSE:REVG) Announces Quarterly Dividend of $0.06

REV Group, Inc. (NYSE:REVG) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Investors of record on Friday, March 28th will be paid a dividend of 0.06 per share on Friday, April 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.86%.

REV Group has raised its dividend by an average of 11.9% annually over the last three years. REV Group has a payout ratio of 7.9% meaning its dividend is sufficiently covered by earnings. Analysts expect REV Group to earn $2.86 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.4%.

REV Group Stock Performance

NYSE:REVG opened at $27.97 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. The business has a fifty day simple moving average of $32.78 and a two-hundred day simple moving average of $30.47. REV Group has a 1 year low of $17.76 and a 1 year high of $36.00. The company has a market capitalization of $1.46 billion, a P/E ratio of 6.23 and a beta of 1.60.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on REVG. The Goldman Sachs Group raised their target price on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research report on Thursday, December 12th. DA Davidson raised their target price on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Robert W. Baird raised their target price on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.75.

Insider Activity

In related news, CAO Joseph Ladue sold 4,533 shares of REV Group stock in a transaction on Monday, January 13th. The stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the completion of the sale, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by company insiders.

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.