REV Group Inc (NYSE: REVG) is 73.06% higher on its value in year-to-date trading and has touched a low of $11.89 and a high of $31.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The REVG stock was last observed hovering at around $27.18 in the last trading session, with the day’s loss setting it -0.56%.
Currently trading at $26.62, the stock is -4.50% and -4.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing -2.06% at the moment leaves the stock 17.80% off its SMA200. REVG registered 107.29% gain for a year compared to 6-month gain of 29.04%. The firm has a 50-day simple moving average (SMA 50) of $28.0186 and a 200-day simple moving average (SMA200) of $23.2175.
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The stock witnessed a -11.65% loss in the last 1 month and extending the period to 3 months gives it a 7.08%, and is -4.59% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.34% over the week and 5.67% over the month.
REV Group Inc (REVG) has around 6724 employees, a market worth around $1.38B and $2.48B in sales. Current P/E ratio is 6.36 and Fwd P/E is 12.65. Profit margin for the company is 9.92%. Distance from 52-week low is 123.97% and -16.42% from its 52-week high. The company has generated returns on investments over the last 12 months (38.59%).
The EPS is expected to grow by 16.36% this year
259.0 institutions hold shares in REV Group Inc (REVG), with institutional investors hold 103.97% of the company’s shares. The shares outstanding are 59.51M, and float is at 49.52M with Short Float at 6.42%. Institutions hold 101.50% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.89 million shares valued at $121.73 million. The investor’s holdings represent 9.2077 of the REVG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.81 million shares valued at $94.88 million to account for 7.1763 of the shares outstanding. The other top investors are SEGALL BRYANT & HAMILL, LLC which holds 3.69 million shares representing 6.9429 and valued at over $91.79 million, while FMR LLC holds 6.9072 of the shares totaling 3.67 million with a market value of $91.32 million.
REV Group Inc (REVG) Insider Activity
The most recent transaction is an insider sale by Dutil Charles, the company’s Director. SEC filings show that Dutil Charles sold 12,500 shares of the company’s common stock on Sep 18 ’24 at a price of $28.50 per share for a total of $0.36 million. Following the sale, the insider now owns 41628.0 shares.
REV Group Inc disclosed in a document filed with the SEC on Mar 15 ’24 that AMERICAN INDUSTRIAL PARTNERS C (No longer a 10% owner.) sold a total of 7,395,191 shares of the company’s common stock. The trade occurred on Mar 15 ’24 and was made at $17.25 per share for $127.57 million. Following the transaction, the insider now directly holds 1.77 million shares of the REVG stock.
Still, SEC filings show that on Feb 20 ’24, AMERICAN INDUSTRIAL PARTNERS C (10% Owner) disposed off 18,400,000 shares at an average price of $15.76 for $289.94 million. The insider now directly holds 9,162,505 shares of REV Group Inc (REVG).
