REV Group (NYSE:REVG) Sets New 12-Month High Following Dividend Announcement

REV Group, Inc. (NYSE:REVGGet Free Report) shares hit a new 52-week high during trading on Thursday following a dividend announcement from the company. The stock traded as high as $28.59 and last traded at $27.97, with a volume of 44123 shares. The stock had previously closed at $27.79.

The newly announced dividend which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, June 28th. REV Group’s dividend payout ratio (DPR) is presently 4.94%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on REVG. StockNews.com lowered REV Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th. The Goldman Sachs Group lifted their price target on REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.60.

Check Out Our Latest Report on REV Group

REV Group Price Performance

The stock has a 50 day simple moving average of $24.20 and a two-hundred day simple moving average of $20.28. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 6.63 and a beta of 1.69.

REV Group (NYSE:REVGGet 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. The company had revenue of $586.00 million for 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%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share. As a group, research analysts forecast that REV Group, Inc. will post 1.35 EPS for the current year.

Hedge Funds Weigh In On REV Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new position in REV Group during the fourth quarter worth $39,000. New York State Teachers Retirement System purchased a new stake in REV Group in the first quarter valued at $63,000. AJOVista LLC purchased a new stake in REV Group in the fourth quarter valued at $68,000. Quantbot Technologies LP raised its position in REV Group by 193.9% in the third quarter. Quantbot Technologies LP now owns 10,237 shares of the company’s stock valued at $164,000 after purchasing an additional 6,754 shares during the period. Finally, Johnson Investment Counsel Inc. purchased a new stake in REV Group in the third quarter valued at $185,000.

REV Group Company Profile

(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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