Toth Financial Advisory Corp Makes New $641,000 Investment in REV Group, Inc. (NYSE:REVG)

Toth Financial Advisory Corp bought a new position in shares of REV Group, Inc. (NYSE:REVG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,000 shares of the company’s stock, valued at approximately $641,000. Toth Financial Advisory Corp owned 0.06% of REV Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of REV Group during the fourth quarter worth $39,000. AJOVista LLC acquired a new stake in shares of REV Group during the fourth quarter worth $68,000. Virtu Financial LLC acquired a new stake in shares of REV Group in the 4th quarter worth about $187,000. Semanteon Capital Management LP acquired a new stake in shares of REV Group in the 4th quarter worth about $436,000. Finally, Quadrature Capital Ltd increased its holdings in shares of REV Group by 119.7% in the 3rd quarter. Quadrature Capital Ltd now owns 38,139 shares of the company’s stock worth $610,000 after acquiring an additional 20,782 shares during the period.

REV Group Stock Performance

Shares of REVG opened at $24.89 on Friday. The firm has a 50-day moving average price of $25.32 and a 200 day moving average price of $21.39. The firm has a market capitalization of $1.29 billion, a PE ratio of 6.09 and a beta of 1.69. The company has a quick ratio of 0.53, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. REV Group, Inc. has a 52-week low of $12.51 and a 52-week high of $28.59.

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

REV Group Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.80%. REV Group’s dividend payout ratio is presently 4.89%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of REV Group in a report on Tuesday, June 11th. They issued an “equal weight” rating and a $29.50 price objective on the stock. StockNews.com cut shares of REV Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group increased their price objective on shares of REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, REV Group presently has a consensus rating of “Hold” and a consensus target price of $20.50.

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.