REV Group (NYSE:REVG) Shares Down 3.6%

REV Group, Inc. (NYSE:REVG)’s stock price traded down 3.6% on Thursday . The company traded as low as $25.88 and last traded at $25.88. 55,025 shares were traded during trading, a decline of 93% from the average session volume of 831,155 shares. The stock had previously closed at $26.86.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on REVG shares. StockNews.com lowered REV Group from a “buy” rating to a “hold” rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a research report on Thursday. DA Davidson reaffirmed a “buy” rating and set a $33.00 price target on shares of REV Group in a research note on Thursday. Finally, Morgan Stanley initiated coverage on shares of REV Group in a report on Tuesday, June 11th. They set an “equal weight” rating and a $29.50 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.10.

REV Group Stock Performance

The business has a 50-day moving average price of $27.50 and a 200-day moving average price of $24.62. The company has a quick ratio of 0.53, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 6.10 and a beta of 1.59.

REV Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $579.40 million during the quarter, compared to analysts’ expectations of $618.70 million. REV Group had a net margin of 9.41% and a return on equity of 16.85%. The business’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. As a group, sell-side analysts forecast that REV Group, Inc. will post 1.45 earnings per share for the current year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.80%. REV Group’s payout ratio is currently 4.89%.

Institutional Investors Weigh In On REV Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its position in REV Group by 67.5% in the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after purchasing an additional 716 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in REV Group during the first quarter worth $63,000. CWM LLC grew its position in REV Group by 525.6% during the second quarter. CWM LLC now owns 4,010 shares of the company’s stock valued at $100,000 after buying an additional 3,369 shares during the period. Virtu Financial LLC purchased a new position in REV Group in the fourth quarter valued at $187,000. Finally, DekaBank Deutsche Girozentrale raised its position in shares of REV Group by 257.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock worth $187,000 after acquiring an additional 5,420 shares during the period.

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.