REV Group (NYSE:REVG) Reaches New 1-Year High - What's Next?

REV Group, Inc. (NYSE:REVG - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $36.70 and last traded at $35.42, with a volume of 532 shares traded. The stock had previously closed at $35.58.

Analyst Ratings Changes

Several equities analysts have commented on the company. Robert W. Baird increased their price target on REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. The Goldman Sachs Group raised their target price on REV Group from $25.00 to $28.50 and gave the stock a "sell" rating in a research report on Thursday, December 12th. Finally, DA Davidson increased their price objective on REV Group from $33.00 to $39.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $33.75.

REV Group Price Performance

The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.84 billion, a P/E ratio of 7.88 and a beta of 1.61. The company has a fifty day moving average price of $32.00 and a two-hundred day moving average price of $29.28.

REV Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a $0.06 dividend. This is a boost from REV Group's previous quarterly dividend of $0.05. The ex-dividend date was Thursday, December 26th. This represents a $0.24 annualized dividend and a yield of 0.68%. REV Group's payout ratio is presently 5.35%.

Insider Buying and Selling at REV Group

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the transaction, the chief accounting officer now owns 20,442 shares of the company's stock, valued at $658,436.82. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.90% of the company's stock.

Institutional Trading of REV Group

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of REV Group by 68.3% during the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company's stock worth $173,227,000 after buying an additional 2,504,568 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of REV Group by 15.4% in the third quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company's stock valued at $36,621,000 after buying an additional 173,759 shares during the period. State Street Corp increased its stake in shares of REV Group by 3.3% in the third quarter. State Street Corp now owns 1,089,130 shares of the company's stock valued at $30,615,000 after buying an additional 35,066 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of REV Group by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 717,027 shares of the company's stock valued at $20,120,000 after buying an additional 18,936 shares during the period. Finally, Hennessy Advisors Inc. grew its stake in REV Group by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock worth $14,689,000 after purchasing an additional 29,400 shares during the period.

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.