REV Group (NYSE:REVG) Sets New 1-Year High at $30.37

REV Group, Inc. (NYSE:REVG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $30.37 and last traded at $30.27, with a volume of 151815 shares traded. The stock had previously closed at $29.35.

Wall Street Analyst Weigh In

Several analysts have commented on REVG shares. Morgan Stanley began coverage on REV Group in a report on Tuesday, June 11th. They issued an "equal weight" rating and a $29.50 price target for the company. StockNews.com downgraded shares of REV Group from a "buy" rating to a "hold" rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.50.

REV Group Stock Up 4.6 %

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.75 and a quick ratio of 0.53. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 7.51 and a beta of 1.61. The firm's 50-day moving average price is $26.81 and its 200-day moving average price is $23.84.

REV Group (NYSE:REVG - Get Free Report) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.24 by $0.10. REV Group had a return on equity of 16.85% and a net margin of 9.41%. The company had revenue of $616.90 million for the quarter, compared to analyst estimates of $603.17 million. Sell-side analysts forecast that REV Group, Inc. will post 1.45 earnings per share for the current fiscal year.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Friday, June 28th. REV Group's payout ratio is 4.89%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Amalgamated Bank raised its holdings in 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. New York State Teachers Retirement System acquired a new stake in shares of REV Group in the 1st quarter valued at about $63,000. AJOVista LLC bought a new position in shares of REV Group during the fourth quarter worth about $68,000. CWM LLC lifted its position in shares of REV Group by 525.6% during the second quarter. CWM LLC now owns 4,010 shares of the company's stock worth $100,000 after purchasing an additional 3,369 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in REV Group in the fourth quarter valued at about $187,000.

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.