REV Group (NYSE:REVG) Trading 4.1% Higher – Should You Buy?

REV Group, Inc. (NYSE:REVG) traded up 4.1% during mid-day trading on Tuesday . The company traded as high as $31.19 and last traded at $31.21. 310,037 shares were traded during mid-day trading, a decline of 50% from the average session volume of 623,119 shares. The stock had previously closed at $29.97.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. DA Davidson increased their price target on shares of REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. The Goldman Sachs Group raised their price objective on shares of REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird raised their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, REV Group has a consensus rating of “Hold” and a consensus price target of $33.75.

REV Group Stock Performance

The stock has a market cap of $1.62 billion, a P/E ratio of 7.00 and a beta of 1.56. The firm’s 50-day moving average is $32.52 and its two-hundred day moving average is $30.49. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.24 annualized dividend and a yield of 0.76%. REV Group’s dividend payout ratio (DPR) is presently 13.48%.

Insider Buying and Selling at REV Group

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the transaction, the chief accounting officer now owns 20,442 shares in the company, valued at $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On REV Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC acquired a new stake in shares of REV Group in the fourth quarter worth $40,000. McIlrath & Eck LLC grew its stake in shares of REV Group by 31.5% in the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company’s stock worth $46,000 after acquiring an additional 344 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of REV Group in the third quarter worth $201,000. Pictet Asset Management Holding SA acquired a new stake in shares of REV Group in the fourth quarter worth $202,000. Finally, Cerity Partners LLC acquired a new stake in shares of REV Group in the fourth quarter worth $205,000.

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.