Oshkosh Co. (NYSE:OSK – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.46 per share on Tuesday, May 28th. This represents a $1.84 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, May 10th.
Oshkosh has raised its dividend by an average of 10.1% annually over the last three years and has raised its dividend every year for the last 2 years. Oshkosh has a dividend payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Oshkosh to earn $11.11 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 16.6%.
Oshkosh Trading Down 2.1 %
NYSE:OSK opened at $118.69 on Friday. Oshkosh has a 1 year low of $72.09 and a 1 year high of $127.98. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.54 and a beta of 1.29. The business has a fifty day moving average of $117.31 and a 200-day moving average of $106.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45.
Analyst Ratings Changes
Several brokerages recently weighed in on OSK. Citigroup raised their target price on Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Robert W. Baird raised their target price on Oshkosh from $140.00 to $158.00 and gave the company an “outperform” rating in a research note on Friday. The Goldman Sachs Group raised their target price on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. StockNews.com raised Oshkosh from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. Finally, Truist Financial assumed coverage on Oshkosh in a research note on Thursday, March 14th. They set a “hold” rating and a $121.00 target price for the company. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and a consensus price target of $121.56.
View Our Latest Stock Analysis on Oshkosh
Insider Buying and Selling
In other news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,503,518.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.64% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Oshkosh
- How to Use the MarketBeat Dividend Calculator
- Semiconductor Shakeout: Finding Potential Amidst Turmoil
- What is a Bond Market Holiday? How to Invest and Trade
- Hasbro’s Management Made All the Right Calls This Quarter
- What Are Trending Stocks? Trending Stocks Explained
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
Receive News & Ratings for Oshkosh Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh and related companies with MarketBeat.com's FREE daily email newsletter.