Baird Financial Group Inc. Has $290,000 Stock Position in REV Group, Inc. $REVG

Baird Financial Group Inc. grew its stake in REV Group, Inc. (NYSE:REVG) by 15.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,169 shares of the company’s stock after purchasing an additional 1,225 shares during the quarter. Baird Financial Group Inc.’s holdings in REV Group were worth $290,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of REVG. State of Wyoming acquired a new stake in shares of REV Group in the 1st quarter valued at about $223,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of REV Group in the 1st quarter valued at about $4,263,000. Synovus Financial Corp raised its stake in shares of REV Group by 13.8% in the 1st quarter. Synovus Financial Corp now owns 39,078 shares of the company’s stock valued at $1,235,000 after purchasing an additional 4,743 shares during the period. Bragg Financial Advisors Inc acquired a new stake in shares of REV Group in the 1st quarter valued at about $11,639,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of REV Group in the 1st quarter valued at about $54,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on REVG. DA Davidson increased their price target on REV Group from $55.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, September 4th. Zacks Research lowered REV Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. The Goldman Sachs Group boosted their price target on REV Group from $26.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, May 27th. Morgan Stanley set a $64.00 price target on REV Group in a research note on Tuesday. Finally, Robert W. Baird boosted their price target on REV Group from $50.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.50.

REV Group Stock Performance

Shares of REV Group stock opened at $64.01 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $51.79 and a two-hundred day moving average price of $41.29. REV Group, Inc. has a 1-year low of $25.76 and a 1-year high of $64.47. The company has a market cap of $3.12 billion, a P/E ratio of 30.19 and a beta of 1.15.

REV Group (NYSE:REVG) last issued its earnings results on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.16. The business had revenue of $644.90 million during the quarter, compared to analyst estimates of $613.24 million. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. REV Group has set its FY 2025 guidance at EPS. As a group, analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, September 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. REV Group’s dividend payout ratio is currently 11.32%.

REV Group Profile

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.