REV Group (NYSE:REVG) Shares Down 5% – Time to Sell?

REV Group, Inc. (NYSE:REVG)’s share price traded down 5% during mid-day trading on Monday . The company traded as low as $28.06 and last traded at $28.33. 143,291 shares changed hands during trading, a decline of 82% from the average session volume of 800,744 shares. The stock had previously closed at $29.82.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com cut shares of REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. The Goldman Sachs Group lifted their price target on REV Group from $22.00 to $25.00 and gave the stock a “sell” rating in a research report on Thursday, September 5th. Finally, DA Davidson reissued a “buy” rating and issued a $33.00 price objective on shares of REV Group in a report on Thursday, September 5th.

REV Group Price Performance

The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 6.56 and a beta of 1.59. The stock’s 50 day moving average price is $28.30 and its two-hundred day moving average price is $26.40. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, September 4th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $579.40 million for the quarter, compared to analyst estimates of $618.70 million. REV Group had a return on equity of 18.69% and a net margin of 9.92%. REV Group’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Equities research analysts forecast that REV Group, Inc. will post 1.42 EPS for the current fiscal year.

REV Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. REV Group’s payout ratio is 4.77%.

Institutional Trading of REV Group

A number of institutional investors and hedge funds have recently modified their holdings of REVG. Vanguard Group Inc. increased its stake in shares of REV Group by 56.3% during the first quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock worth $104,134,000 after purchasing an additional 1,698,502 shares in the last quarter. Kennedy Capital Management LLC grew its stake in REV Group by 161.8% during the 1st quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock valued at $20,940,000 after acquiring an additional 585,841 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in REV Group during the 2nd quarter valued at about $9,535,000. Hood River Capital Management LLC acquired a new position in REV Group in the 1st quarter valued at about $8,240,000. Finally, Bessemer Group Inc. acquired a new position in REV Group in the 1st quarter valued at about $6,293,000.

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.