REV Group (NYSE:REVG) Hits New 1-Year High – Time to Buy?

REV Group, Inc. (NYSE:REVG)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $64.57 and last traded at $63.2350, with a volume of 182759 shares. The stock had previously closed at $62.29.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley set a $55.00 target price on shares of REV Group in a research report on Tuesday, November 4th. Robert W. Baird reaffirmed a “neutral” rating and set a $55.00 price target (down previously from $64.00) on shares of REV Group in a research report on Monday, December 1st. DA Davidson lowered shares of REV Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $68.00 to $57.00 in a research note on Friday, October 31st. Baird R W cut REV Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, REV Group presently has an average rating of “Hold” and a consensus target price of $49.25.

REV Group Trading Up 2.2%

The stock’s 50-day simple moving average is $56.21 and its 200-day simple moving average is $54.18. The firm has a market capitalization of $3.11 billion, a PE ratio of 33.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The company had revenue of $664.40 million during the quarter, compared to the consensus estimate of $646.77 million. During the same period in the prior year, the firm earned $0.51 earnings per share. REV Group’s revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts expect that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 24th. REV Group’s dividend payout ratio (DPR) is 12.57%.

Hedge Funds Weigh In On REV Group

A number of institutional investors and hedge funds have recently modified their holdings of REVG. Smartleaf Asset Management LLC increased its position in shares of REV Group by 298.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock valued at $31,000 after purchasing an additional 409 shares during the last quarter. IFP Advisors Inc lifted its position in shares of REV Group by 798.5% in the third quarter. IFP Advisors Inc now owns 593 shares of the company’s stock valued at $34,000 after acquiring an additional 527 shares in the last quarter. Covestor Ltd boosted its stake in REV Group by 22,600.0% in the 3rd quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after purchasing an additional 678 shares during the period. Canada Pension Plan Investment Board purchased a new position in REV Group during the second quarter valued at $38,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of REV Group by 19.1% in the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after purchasing an additional 181 shares during the last quarter.

REV Group Company 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.