REV Group (NYSE:REVG) Sets New 52-Week High at $25.60

REV Group, Inc. (NYSE:REVG)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $25.60 and last traded at $25.60, with a volume of 15902 shares. The stock had previously closed at $23.25.

Analyst Ratings Changes

REVG has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday, April 16th. StockNews.com downgraded REV Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat, REV Group currently has an average rating of “Moderate Buy” and an average price target of $17.60.

REV Group Stock Performance

The company has a 50 day moving average price of $20.93 and a two-hundred day moving average price of $18.37. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 5.92 and a beta of 1.67.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.10. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The firm had revenue of $586.00 million during the quarter, compared to the consensus estimate of $579.42 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts expect that REV Group, Inc. will post 1.35 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%. REV Group’s payout ratio is 4.94%.

Hedge Funds Weigh In On REV Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REVG. GSA Capital Partners LLP acquired a new position in REV Group in the 1st quarter valued at about $1,049,000. Capstone Investment Advisors LLC acquired a new stake in REV Group during the first quarter worth $2,010,000. Principal Financial Group Inc. purchased a new stake in REV Group in the first quarter valued at $341,000. New York State Teachers Retirement System acquired a new position in shares of REV Group in the 1st quarter valued at $63,000. Finally, Seven Grand Managers LLC purchased a new position in shares of REV Group during the 1st quarter worth $2,209,000.

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.