REV Group, Inc. (REVG) To Go Ex-Dividend on March 28th

REV Group, Inc. (NYSE:REVG) declared a quarterly dividend on Wednesday, March 5th, RTT News reports. Shareholders 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 is Friday, March 28th.

REV Group has raised its dividend payment by an average of 11.9% annually over the last three years. REV Group has a payout ratio of 7.7% meaning its dividend is sufficiently covered by earnings. 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

Shares of REV Group stock opened at $33.31 on Wednesday. REV Group has a 12 month low of $18.67 and a 12 month high of $36.00. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.72 billion, a PE ratio of 7.42 and a beta of 1.56. The business has a fifty day simple moving average of $32.35 and a 200-day simple moving average of $30.57.

Insiders Place Their Bets

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on REVG. DA Davidson raised their price objective on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. The Goldman Sachs Group upped their target price on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird lifted their price target on REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.75.

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.