Teacher Retirement System of Texas Sells 14,135 Shares of REV Group, Inc. $REVG

Teacher Retirement System of Texas lowered its position in shares of REV Group, Inc. (NYSE:REVG) by 41.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,579 shares of the company’s stock after selling 14,135 shares during the period. Teacher Retirement System of Texas’ holdings in REV Group were worth $932,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. High Ground Investment Management LLP increased its holdings in REV Group by 1.9% during the 2nd quarter. High Ground Investment Management LLP now owns 1,911,593 shares of the company’s stock valued at $90,973,000 after purchasing an additional 35,382 shares during the period. Invesco Ltd. increased its stake in shares of REV Group by 9.4% during the first 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 during the period. Aberdeen Group plc bought a new position in shares of REV Group during the first quarter valued at approximately $25,796,000. American Century Companies Inc. raised its holdings in shares of REV Group by 345.5% during the first quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock valued at $20,346,000 after acquiring an additional 499,328 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in REV Group by 0.3% in the first quarter. Northern Trust Corp now owns 489,347 shares of the company’s stock worth $15,463,000 after acquiring an additional 1,343 shares during the period.

REV Group Trading Down 1.4%

Shares of NYSE REVG opened at $52.50 on Friday. REV Group, Inc. has a 1 year low of $26.51 and a 1 year high of $64.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. The firm has a 50-day moving average of $57.48 and a 200 day moving average of $48.66. The stock has a market cap of $2.56 billion, a P/E ratio of 24.76 and a beta of 1.15.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $613.24 million. During the same quarter last year, the firm earned $0.48 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. REV Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

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

Wall Street Analyst Weigh In

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

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.