Shares of Oshkosh Corp. (NYSE:OSK) have been given an average recommendation of “Buy” by the nineteen analysts that are presently covering the stock. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $54.87.
OSK has been the topic of a number of research analyst reports. Bank of America Corp. upgraded Oshkosh Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday, August 18th. Deutsche Bank AG initiated coverage on Oshkosh Corp. in a research note on Tuesday, September 6th. They set a “buy” rating and a $62.00 price target on the stock. Credit Suisse Group AG upgraded Oshkosh Corp. from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $50.00 to $54.00 in a research note on Monday. Jefferies Group restated a “buy” rating and set a $53.00 price target on shares of Oshkosh Corp. in a research note on Tuesday, June 7th. Finally, Royal Bank Of Canada upgraded Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $46.00 to $63.00 in a research note on Friday, July 29th.
In other news, VP R Scott Grennier sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $54.78, for a total transaction of $54,780.00. Following the completion of the transaction, the vice president now directly owns 6,336 shares of the company’s stock, valued at approximately $347,086.08. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard G. Sim sold 6,700 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $53.69, for a total value of $359,723.00. Following the transaction, the director now directly owns 43,853 shares of the company’s stock, valued at $2,354,467.57. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Japan Co. Ltd acquired a new position in shares of Oshkosh Corp. during the second quarter valued at $127,000. US Bancorp DE boosted its stake in shares of 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 during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Oshkosh Corp. during the second quarter valued at approximately $201,000. 1st Global Advisors Inc. purchased a new stake in shares of Oshkosh Corp. during the second quarter valued at approximately $205,000. Finally, Oarsman Capital Inc. purchased a new stake in shares of Oshkosh Corp. during the second quarter valued at approximately $208,000. 95.60% of the stock is owned by institutional investors and hedge funds.
Shares of Oshkosh Corp. (NYSE:OSK) opened at 53.42 on Friday. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 19.59 and a beta of 1.98. The company has a 50-day moving average of $54.49 and a 200 day moving average of $47.54. Oshkosh Corp. has a 12-month low of $29.59 and a 12-month high of $57.75.
Oshkosh Corp. (NYSE:OSK) last posted its earnings results on Thursday, July 28th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the 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 had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Analysts predict that Oshkosh Corp. will post $2.90 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, August 11th. Oshkosh Corp.’s payout ratio is 27.94%.
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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