REV Group (NYSE:REVG) Sets New 1-Year High at $31.42

REV Group, Inc. (NYSE:REVG - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $31.42 and last traded at $31.35, with a volume of 269247 shares changing hands. The stock had previously closed at $30.04.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on REVG. Morgan Stanley started coverage on shares of REV Group in a research report on Tuesday, June 11th. They set an "equal weight" rating and a $29.50 price target on the stock. StockNews.com raised REV Group from a "hold" rating to a "buy" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.50.

REV Group Price Performance

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's 50-day moving average price is $27.08 and its 200-day moving average price is $24.18. The company has a market cap of $1.62 billion, a P/E ratio of 7.65 and a beta of 1.61.

REV Group (NYSE:REVG - Get Free Report) last announced its earnings results on Wednesday, June 5th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.10. REV Group had a net margin of 9.41% and a return on equity of 16.85%. The firm had revenue of $616.90 million during the quarter, compared to analyst estimates of $603.17 million. As a group, sell-side analysts predict that REV Group, Inc. will post 1.45 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Friday, June 28th. REV Group's dividend payout ratio is presently 4.89%.

Institutional Trading of REV Group

A number of hedge funds and other institutional investors have recently made changes to their positions in REVG. Amalgamated Bank grew its holdings in shares of REV Group by 67.5% in the 2nd 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 position in shares of REV Group during the 1st quarter worth approximately $63,000. AJOVista LLC bought a new stake in shares of REV Group during the 4th quarter worth approximately $68,000. CWM LLC boosted its holdings in shares of REV Group by 525.6% in the 2nd 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 last quarter. Finally, Virtu Financial LLC bought a new position in shares of REV Group in the fourth quarter valued at $187,000.

REV Group Company Profile

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.