Credit Suisse Group AG upgraded shares of Oshkosh Corp. (NYSE:OSK) from an underperform rating to a neutral rating in a research note published on Monday morning. They currently have $54.00 price objective on the stock, up from their previous price objective of $50.00.
Several other analysts also recently commented on the company. Bank of America Corp. set a $62.00 target price on Oshkosh Corp. and gave the company a buy rating in a research note on Saturday, September 17th. Deutsche Bank AG began coverage on Oshkosh Corp. in a research note on Tuesday, September 6th. They set a buy rating and a $62.00 target price on the stock. Barrington Research increased their target price on Oshkosh Corp. from $54.00 to $62.00 and gave the company an outperform rating in a research note on Friday, July 29th. Stifel Nicolaus increased their target price on Oshkosh Corp. from $53.00 to $63.00 and gave the company a buy rating in a research note on Friday, July 29th. Finally, Royal Bank Of Canada upgraded Oshkosh Corp. from a sector perform rating to an outperform rating and increased their target price for the company from $46.00 to $63.00 in a research note on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $53.63.
Oshkosh Corp. (NYSE:OSK) opened at 52.36 on Monday. The stock has a market cap of $3.85 billion, a PE ratio of 19.20 and a beta of 1.98. Oshkosh Corp. has a 52-week low of $29.59 and a 52-week high of $57.75. The firm has a 50-day moving average price of $54.51 and a 200 day moving average price of $47.42.
Oshkosh Corp. (NYSE:OSK) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.13. Oshkosh Corp. had a return on equity of 11.02% and a net margin of 3.36%. The company earned $1.75 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the company earned $1.13 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts forecast that Oshkosh Corp. will post $2.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.45%. Oshkosh Corp.’s dividend payout ratio (DPR) is 27.94%.
In other news, VP David M. Sagehorn sold 49,495 shares of Oshkosh Corp. stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $54.13, for a total value of $2,679,164.35. Following the sale, the vice president now directly owns 111,113 shares of the company’s stock, valued at $6,014,546.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP R Scott Grennier sold 6,430 shares of Oshkosh Corp. stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $54.12, for a total value of $347,991.60. Following the completion of the sale, the vice president now directly owns 14,366 shares in the company, valued at $777,487.92. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. BlackRock Japan Co. Ltd purchased a new stake in shares of Oshkosh Corp. during the second quarter valued at about $127,000. US Bancorp DE raised its position in Oshkosh Corp. by 1.1% in the second quarter. US Bancorp DE now owns 3,154 shares of the company’s stock valued at $150,000 after buying an additional 34 shares in the last quarter. Pacer Advisors Inc. bought a new position in Oshkosh Corp. during the second quarter valued at approximately $201,000. 1st Global Advisors Inc. bought a new position in Oshkosh Corp. during the second quarter valued at approximately $205,000. Finally, Oarsman Capital Inc. bought a new position in Oshkosh Corp. during the second quarter valued at approximately $208,000. 95.60% of the stock is currently owned by hedge funds and other institutional investors.
About Oshkosh Corp.
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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