REV Group (NYSE:REVG) Trading 5.5% Higher

REV Group, Inc. (NYSE:REVG)’s stock price was up 5.5% on Tuesday . The company traded as high as $19.65 and last traded at $19.62. Approximately 553,021 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 819,543 shares. The stock had previously closed at $18.59.

Analysts Set New Price Targets

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

REV Group Stock Up 7.4 %

The business has a fifty day simple moving average of $19.05 and a two-hundred day simple moving average of $17.10. The company has a market cap of $1.15 billion, a P/E ratio of 5.47 and a beta of 1.70.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $586.00 million during the quarter, compared to analyst estimates of $579.42 million. During the same period in the previous year, the business posted $0.04 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities analysts predict that REV Group, Inc. will post 1.35 EPS for the current fiscal year.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Thursday, March 28th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.90%. REV Group’s dividend payout ratio is currently 4.94%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in REVG. Quarry LP boosted its stake in shares of REV Group by 48.1% in the fourth quarter. Quarry LP now owns 1,762 shares of the company’s stock worth $32,000 after acquiring an additional 572 shares during the period. Tower Research Capital LLC TRC grew its stake in REV Group by 101.2% during the second quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock valued at $25,000 after acquiring an additional 941 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in REV Group in the 4th quarter valued at $39,000. Advisor Group Holdings Inc. increased its holdings 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 acquiring an additional 1,208 shares during the last quarter. Finally, West Tower Group LLC boosted its holdings in shares of REV Group by 2,055.0% during the 4th quarter. West Tower Group LLC now owns 3,254 shares of the company’s stock valued at $59,000 after purchasing an additional 3,103 shares during 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.