Speece Thorson Capital Group Inc. Boosts Holdings in REV Group, Inc. $REVG

Speece Thorson Capital Group Inc. increased its holdings in REV Group, Inc. (NYSE:REVG) by 2.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 157,265 shares of the company’s stock after acquiring an additional 4,032 shares during the period. Speece Thorson Capital Group Inc.’s holdings in REV Group were worth $7,484,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. KBC Group NV purchased a new position in REV Group in the first quarter worth approximately $33,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of REV Group during the 1st quarter worth $54,000. AlphaQuest LLC grew its holdings in shares of REV Group by 5,215.4% during the 2nd quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock worth $66,000 after purchasing an additional 1,356 shares during the period. New Age Alpha Advisors LLC grew its holdings in shares of REV Group by 71.0% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company’s stock worth $68,000 after purchasing an additional 899 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of REV Group during the 2nd quarter worth $193,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of REV Group from $50.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of REV Group in a research report on Wednesday, October 8th. DA Davidson cut shares of REV Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $68.00 to $57.00 in a research report on Friday. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Morgan Stanley set a $64.00 price target on REV Group in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.75.

REV Group Stock Down 4.9%

Shares of NYSE REVG opened at $51.23 on Monday. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.50 billion, a P/E ratio of 24.16 and a beta of 1.16. The business’s fifty day simple moving average is $57.58 and its 200-day simple moving average is $48.28. REV Group, Inc. has a 12-month low of $25.76 and a 12-month high of $64.47.

REV Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.16. The company had revenue of $644.90 million for the quarter, compared to analyst estimates of $613.24 million. REV Group had a return on equity of 27.25% and a net margin of 4.51%.REV Group’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. REV Group has set its FY 2025 guidance at EPS. As a group, equities analysts predict that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.24 annualized dividend and a yield of 0.5%. REV Group’s dividend payout ratio (DPR) is 11.32%.

REV Group 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.