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

REV Group, Inc. (NYSE:REVG) declared a quarterly dividend on Wednesday, March 5th, RTT News reports. Investors of record on Friday, March 28th will be given a dividend of 0.06 per share on Friday, April 11th. This represents a $0.24 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Friday, March 28th.

REV Group has raised its dividend by an average of 11.9% annually over the last three years. REV Group has a payout ratio of 7.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NYSE REVG opened at $33.31 on Wednesday. The company’s fifty day moving average is $32.35 and its two-hundred day moving average is $30.57. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 7.42 and a beta of 1.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. REV Group has a 52-week low of $18.67 and a 52-week high of $36.00.

Insiders Place Their Bets

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 20,442 shares in the company, valued at $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

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