REV Group (NYSE:REVG) Sets New 1-Year High at $21.47

Shares of REV Group, Inc. (NYSE:REVG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.47 and last traded at $21.42, with a volume of 392052 shares. The stock had previously closed at $20.63.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised REV Group from a “buy” rating to a “strong-buy” rating in a report on Friday, March 22nd.

REV Group Stock Performance

The company has a 50 day simple moving average of $18.96 and a 200 day simple moving average of $17.07. The company has a market capitalization of $1.15 billion, a PE ratio of 5.09 and a beta of 1.70.

REV Group (NYSE:REVG) last issued its earnings results on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. The business had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $579.42 million. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. As a group, equities research analysts anticipate that REV Group, Inc. will post 1.35 EPS for the current year.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. REV Group’s payout ratio is 4.94%.

Institutional Trading of REV Group

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in REV Group by 101.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock valued at $25,000 after buying an additional 941 shares during the last quarter. Quarry LP raised its position in REV Group by 48.1% in the fourth quarter. Quarry LP now owns 1,762 shares of the company’s stock valued at $32,000 after purchasing an additional 572 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of REV Group in the 4th quarter valued at $39,000. Advisor Group Holdings Inc. boosted its position in REV Group by 63.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock valued at $39,000 after buying an additional 1,208 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of REV Group by 236.8% in the third quarter. National Bank of Canada FI now owns 3,368 shares of the company’s stock worth $55,000 after acquiring an additional 2,368 shares in the last quarter.

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.