REV Group (NYSE:REVG) Shares Down 3.6%

REV Group, Inc. (NYSE:REVG) shares dropped 3.6% during trading on Thursday . The company traded as low as $25.88 and last traded at $25.88. Approximately 55,025 shares were traded during trading, a decline of 93% from the average daily volume of 831,155 shares. The stock had previously closed at $26.86.

Analyst Ratings Changes

Several research firms recently commented on REVG. StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley assumed coverage on REV Group in a report on Tuesday, June 11th. They issued an “equal weight” rating and a $29.50 price objective on the stock. The Goldman Sachs Group upped their price target on shares of REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a report on Thursday. Finally, DA Davidson restated a “buy” rating and issued a $33.00 price objective on shares of REV Group in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.10.

REV Group Stock Performance

The company’s 50-day moving average price is $27.50 and its 200 day moving average price is $24.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.53 and a current ratio of 1.75. The stock has a market capitalization of $1.29 billion, a PE ratio of 6.10 and a beta of 1.59.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, September 4th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $579.40 million for the quarter, compared to analysts’ expectations of $618.70 million. REV Group had a net margin of 9.41% and a return on equity of 16.85%. The company’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS. On average, equities research analysts expect that REV Group, Inc. will post 1.45 earnings per share for the current fiscal year.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%. REV Group’s dividend payout ratio is currently 4.89%.

Institutional Investors Weigh In On REV Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank grew its holdings in REV Group by 67.5% during the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock valued at $44,000 after purchasing an additional 716 shares during the period. New York State Teachers Retirement System bought a new position in shares of REV Group during the 1st quarter valued at approximately $63,000. CWM LLC increased its holdings in REV Group by 525.6% in the 2nd quarter. CWM LLC now owns 4,010 shares of the company’s stock worth $100,000 after acquiring an additional 3,369 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in REV Group by 257.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock worth $187,000 after acquiring an additional 5,420 shares during the period. Finally, Leuthold Group LLC bought a new position in shares of REV Group in the second quarter worth approximately $213,000.

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.