REV Group (NYSE:REVG) Reaches New 1-Year High – Should You Buy?

REV Group, Inc. (NYSE:REVG)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $32.38 and last traded at $32.07, with a volume of 49590 shares trading hands. The stock had previously closed at $30.91.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on REV Group from $22.00 to $25.00 and gave the stock a “sell” rating in a research note on Thursday, September 5th. StockNews.com lowered REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, DA Davidson reissued a “buy” rating and issued a $33.00 price target on shares of REV Group in a research report on Thursday, September 5th.

REV Group Stock Performance

The firm has a market cap of $1.60 billion, a P/E ratio of 7.36 and a beta of 1.59. The company has a current ratio of 1.85, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average is $28.38 and its two-hundred day moving average is $27.49.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The company had revenue of $579.40 million for the quarter, compared to analyst estimates of $618.70 million. During the same quarter last year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. As a group, equities analysts predict that REV Group, Inc. will post 1.42 EPS for the current fiscal year.

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.05 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.65%. REV Group’s payout ratio is 4.77%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in REVG. Farther Finance Advisors LLC increased its stake in REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after buying an additional 461 shares during the last quarter. Amalgamated Bank grew its holdings in shares of REV Group by 67.5% in the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock valued at $44,000 after acquiring an additional 716 shares in the last quarter. Franklin Resources Inc. increased its position in shares of REV Group by 0.8% during the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company’s stock valued at $2,776,000 after acquiring an additional 766 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in REV Group by 2.9% during the third quarter. Victory Capital Management Inc. now owns 29,334 shares of the company’s stock worth $823,000 after acquiring an additional 822 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in REV Group by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,806 shares of the company’s stock worth $269,000 after purchasing an additional 1,067 shares during the last quarter.

REV Group Company 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.