Thrivent Financial for Lutherans Has $7.19 Million Stock Position in REV Group, Inc. $REVG

Thrivent Financial for Lutherans grew its holdings in REV Group, Inc. (NYSE:REVG) by 23.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 126,925 shares of the company’s stock after purchasing an additional 24,156 shares during the period. Thrivent Financial for Lutherans owned approximately 0.26% of REV Group worth $7,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of REVG. Covestor Ltd grew its position in REV Group by 22,600.0% in the third quarter. Covestor Ltd now owns 681 shares of the company’s stock valued at $39,000 after acquiring an additional 678 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of REV Group during the 2nd quarter valued at approximately $38,000. Farther Finance Advisors LLC increased its position in REV Group by 19.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after purchasing an additional 181 shares in the last quarter. AlphaQuest LLC lifted its stake in REV Group by 5,215.4% in the 2nd quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock valued at $66,000 after purchasing an additional 1,356 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in REV Group in the third quarter valued at approximately $79,000.

Analysts Set New Price Targets

REVG has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. Morgan Stanley set a $55.00 target price on REV Group in a report on Tuesday, November 4th. DA Davidson downgraded REV Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $68.00 to $57.00 in a research report on Friday, October 31st. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $55.00 price objective (down previously from $64.00) on shares of REV Group in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.25.

REV Group Stock Down 2.6%

Shares of NYSE:REVG opened at $63.50 on Friday. The firm has a market cap of $3.10 billion, a P/E ratio of 33.25 and a beta of 1.17. REV Group, Inc. has a 12-month low of $26.51 and a 12-month high of $69.92. The business has a fifty day simple moving average of $62.56 and a 200 day simple moving average of $57.24. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10.

REV Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.05. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The company had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $646.77 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were given a $0.06 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. REV Group’s payout ratio is 12.57%.

REV Group Profile

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.