REV Group, Inc. Declares Quarterly Dividend of $0.06 (NYSE:REVG)

REV Group, Inc. (NYSE:REVG) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Shareholders of record on Friday, March 28th will be paid a dividend of 0.06 per share on Friday, April 11th. This represents a $0.24 annualized dividend and a yield of 0.86%.

REV Group has increased its dividend payment by an average of 11.9% annually over the last three years. REV Group has a payout ratio of 7.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect REV Group to earn $2.86 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 8.4%.

REV Group Trading Up 2.4 %

Shares of REVG stock opened at $27.97 on Thursday. 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 business has a 50-day moving average price of $32.78 and a two-hundred day moving average price of $30.47. REV Group has a 12-month low of $17.76 and a 12-month high of $36.00. The firm has a market cap of $1.46 billion, a P/E ratio of 6.23 and a beta of 1.60.

Insider Buying and Selling

In related news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the completion of the sale, the chief accounting officer now owns 20,442 shares in the company, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.