29,000 Shares in REV Group, Inc. (NYSE:REVG) Purchased by Toth Financial Advisory Corp

Toth Financial Advisory Corp acquired a new position in REV Group, Inc. (NYSE:REVG) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 29,000 shares of the company’s stock, valued at approximately $641,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of REV Group during the 4th quarter worth about $39,000. AJOVista LLC acquired a new position in shares of REV Group during the 4th quarter worth about $68,000. Virtu Financial LLC acquired a new position in shares of REV Group during the 4th quarter worth about $187,000. Semanteon Capital Management LP acquired a new position in shares of REV Group during the 4th quarter worth about $436,000. Finally, Quadrature Capital Ltd grew its position in shares of REV Group by 119.7% during the 3rd quarter. Quadrature Capital Ltd now owns 38,139 shares of the company’s stock worth $610,000 after buying an additional 20,782 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted their target price on REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday, April 16th. StockNews.com lowered REV Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th. Finally, Morgan Stanley assumed coverage on REV Group in a research report on Tuesday, June 11th. They set an “equal weight” rating and a $29.50 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.50.

REV Group Price Performance

Shares of REVG opened at $24.89 on Friday. 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 50 day simple moving average of $25.32 and a 200 day simple moving average of $21.39. REV Group, Inc. has a 52-week low of $12.51 and a 52-week high of $28.59. The firm has a market capitalization of $1.29 billion, a PE ratio of 6.09 and a beta of 1.69.

REV Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.10. REV Group had a return on equity of 16.85% and a net margin of 9.41%. The business had revenue of $616.90 million during the quarter, compared to analyst estimates of $603.17 million. Sell-side analysts predict that REV Group, Inc. will post 1.45 EPS for the current fiscal year.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a $0.05 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.80%. REV Group’s dividend payout ratio is presently 4.89%.

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.