REV Group (NYSE:REVG) Sets New 12-Month High – Still a Buy?

REV Group, Inc. (NYSE:REVG) shares reached a new 52-week high 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

REVG has been the subject of a number of recent research reports. DA Davidson increased their price objective on shares of REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their price objective on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note on Thursday, December 12th. Finally, Robert W. Baird lifted their price target on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.75.

REV Group Stock Down 0.1 %

The firm has a 50-day moving average of $31.80 and a two-hundred day moving average of $29.16. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.85 billion, a PE ratio of 7.96 and a beta of 1.61.

REV Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, December 26th. This is a boost from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.68%. REV Group’s dividend payout ratio is currently 5.35%.

Insider Buying and Selling at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of REV Group stock in a transaction on Monday, January 13th. The stock was sold at an average price of $32.21, for a total value of $146,007.93. Following the completion of the sale, the chief accounting officer now directly owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On REV Group

A number of hedge funds and other institutional investors have recently bought and sold shares of REVG. FMR LLC increased its stake in 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 period. AYAL Capital Advisors Ltd acquired a new stake in REV Group during the second quarter worth approximately $6,558,000. Anthracite Investment Company Inc. purchased a new stake in shares of REV Group during the 3rd quarter worth approximately $6,334,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of REV Group in the 3rd quarter valued at $5,973,000. Finally, Geode Capital Management LLC grew its position in shares of REV Group by 15.4% in the 3rd 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 last quarter.

About REV Group

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.