American Century Companies Inc. Buys 300,793 Shares of REV Group, Inc. $REVG

American Century Companies Inc. lifted its stake in shares of REV Group, Inc. (NYSE:REVG) by 46.7% in the second quarter, HoldingsChannel reports. The fund owned 944,647 shares of the company’s stock after acquiring an additional 300,793 shares during the period. American Century Companies Inc.’s holdings in REV Group were worth $44,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REVG. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of REV Group in the first quarter worth approximately $730,000. Seven Six Capital Management LLC raised its position in shares of REV Group by 4.7% during the 1st quarter. Seven Six Capital Management LLC now owns 92,458 shares of the company’s stock valued at $2,922,000 after purchasing an additional 4,150 shares during the period. Invesco Ltd. lifted its stake in shares of REV Group by 9.4% during the 1st quarter. Invesco Ltd. now owns 1,894,583 shares of the company’s stock valued at $59,869,000 after buying an additional 163,026 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of REV Group by 13.8% during the 1st quarter. Synovus Financial Corp now owns 39,078 shares of the company’s stock valued at $1,235,000 after buying an additional 4,743 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in REV Group by 37.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 24,408 shares of the company’s stock worth $771,000 after buying an additional 6,603 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on REVG shares. DA Davidson cut REV Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $68.00 to $57.00 in a report on Friday, October 31st. Robert W. Baird increased their target price on REV Group from $50.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Weiss Ratings reissued a “buy (b)” rating on shares of REV Group in a research note on Wednesday, October 8th. Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Morgan Stanley set a $55.00 price objective on shares of REV Group in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.50.

REV Group Trading Up 0.7%

REVG stock opened at $53.27 on Friday. The firm has a fifty day moving average price of $55.04 and a 200 day moving average price of $50.69. REV Group, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $64.47. The firm has a market cap of $2.60 billion, a PE ratio of 25.13 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.53 and a current ratio of 1.63.

REV Group (NYSE:REVG) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.63 by $0.16. REV Group had a net margin of 4.51% and a return on equity of 27.25%. The business had revenue of $644.90 million during the quarter, compared to analyst estimates of $613.24 million. During the same quarter last year, the business earned $0.48 earnings per share. REV Group’s quarterly revenue was up 11.3% compared to the same quarter last year. REV Group has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were given a $0.06 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.24 annualized dividend and a yield of 0.5%. REV Group’s dividend payout ratio (DPR) is currently 11.32%.

REV Group 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.