Oshkosh (NYSE:OSK) Reaches New 12-Month High at $125.66

Oshkosh Co. (NYSE:OSK) reached a new 52-week high on Wednesday . The stock traded as high as $125.66 and last traded at $125.48, with a volume of 121087 shares trading hands. The stock had previously closed at $123.30.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OSK. Evercore ISI boosted their target price on Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Morgan Stanley started coverage on shares of Oshkosh in a research note on Monday, January 8th. They issued an “equal weight” rating and a $102.00 price objective on the stock. StockNews.com downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Thursday, March 28th. Stifel Nicolaus upped their price target on shares of Oshkosh from $115.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Finally, TheStreet raised shares of Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.94.

Oshkosh Stock Performance

The firm has a market cap of $8.17 billion, a PE ratio of 13.72, a P/E/G ratio of 1.65 and a beta of 1.29. The stock has a 50-day moving average price of $114.40 and a 200 day moving average price of $104.17. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.24 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 EPS. Research analysts forecast that Oshkosh Co. will post 10.32 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.48%. This is an increase from Oshkosh’s previous quarterly dividend of $0.41. Oshkosh’s dividend payout ratio (DPR) is currently 20.26%.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares in the company, valued at approximately $1,503,518.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oshkosh

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of Oshkosh by 6.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 25,554 shares of the company’s stock worth $2,770,000 after purchasing an additional 1,464 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Oshkosh by 354.5% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 45,907 shares of the company’s stock worth $4,977,000 after buying an additional 35,807 shares during the period. Hennessy Advisors Inc. purchased a new stake in Oshkosh during the fourth quarter worth approximately $23,926,000. Vanguard Group Inc. increased its position in shares of Oshkosh by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company’s stock worth $773,014,000 after acquiring an additional 219,375 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Oshkosh in the 4th quarter valued at $1,847,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.