REV Group (NYSE:REVG) Shares Gap Up After Dividend Announcement

REV Group, Inc. (NYSE:REVGGet Free Report) gapped up prior to trading on Wednesday after the company announced a dividend. The stock had previously closed at $24.79, but opened at $25.72. REV Group shares last traded at $26.18, with a volume of 165,921 shares.

The newly announced dividend which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, June 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.73%. REV Group’s dividend payout ratio is currently 4.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on REVG shares. The Goldman Sachs Group raised their price target on REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday, April 16th. lowered REV Group from a “strong-buy” rating to a “buy” rating in a research 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, REV Group presently has a consensus rating of “Moderate Buy” and an average price target of $17.60.

Get Our Latest Research Report on REV Group

REV Group Stock Down 1.0 %

The stock has a market capitalization of $1.43 billion, a PE ratio of 6.73 and a beta of 1.69. The stock has a fifty day moving average of $24.10 and a 200-day moving average of $20.20.

REV Group (NYSE:REVGGet Free Report) last released its earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. The firm had revenue of $586.00 million during the quarter, compared to analyst estimates of $579.42 million. REV Group had a return on equity of 15.92% and a net margin of 9.41%. REV Group’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business posted $0.04 earnings per share. Equities research analysts expect that REV Group, Inc. will post 1.35 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of REVG. DekaBank Deutsche Girozentrale purchased a new position in REV Group in the fourth quarter valued at $39,000. New York State Teachers Retirement System purchased a new stake in REV Group during the 1st quarter worth about $63,000. AJOVista LLC purchased a new stake in REV Group during the 4th quarter worth about $68,000. Quantbot Technologies LP lifted its holdings in REV Group by 193.9% during the 3rd quarter. Quantbot Technologies LP now owns 10,237 shares of the company’s stock worth $164,000 after buying an additional 6,754 shares during the last quarter. Finally, Johnson Investment Counsel Inc. purchased a new stake in REV Group during the 3rd quarter worth about $185,000.

About REV Group

(Get Free Report)

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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