BidaskClub upgraded shares of Oshkosh Corporation (NYSE:OSK) from a hold rating to a buy rating in a research report sent to investors on Wednesday.
A number of other research analysts have also weighed in on the company. Zacks Investment Research raised Oshkosh Corporation from a hold rating to a buy rating and set a $77.00 price objective for the company in a research report on Saturday, April 8th. Deutsche Bank AG raised their price objective on Oshkosh Corporation from $73.00 to $76.00 and gave the company a hold rating in a research report on Thursday, April 6th. Royal Bank Of Canada raised their price objective on Oshkosh Corporation from $79.00 to $80.00 and gave the company an outperform rating in a research report on Thursday, April 27th. Barrington Research raised their price objective on Oshkosh Corporation from $75.00 to $86.00 and gave the company an outperform rating in a research report on Thursday, April 27th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $85.00 price objective on shares of Oshkosh Corporation in a research report on Friday, March 31st. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $70.36.
Oshkosh Corporation (NYSE:OSK) opened at 69.48 on Wednesday. Oshkosh Corporation has a 12 month low of $44.01 and a 12 month high of $75.00. The company’s 50 day moving average price is $66.04 and its 200 day moving average price is $68.04. The stock has a market cap of $5.20 billion, a PE ratio of 24.89 and a beta of 1.79.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. Oshkosh Corporation had a return on equity of 12.12% and a net margin of 3.30%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts forecast that Oshkosh Corporation will post $3.46 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, May 12th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Wednesday, May 10th. Oshkosh Corporation’s payout ratio is 30.11%.
In other Oshkosh Corporation news, Director Steven Mizell sold 1,800 shares of Oshkosh Corporation stock in a transaction on Friday, April 28th. The stock was sold at an average price of $69.80, for a total value of $125,640.00. Following the completion of the sale, the director now owns 8,188 shares of the company’s stock, valued at approximately $571,522.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new stake in Oshkosh Corporation during the fourth quarter worth approximately $1,891,000. Allianz Asset Management AG purchased a new position in Oshkosh Corporation during the fourth quarter worth about $2,463,000. Janus Capital Management LLC increased its position in Oshkosh Corporation by 104.3% in the fourth quarter. Janus Capital Management LLC now owns 33,300 shares of the company’s stock worth $2,152,000 after buying an additional 17,000 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in Oshkosh Corporation by 48.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,855 shares of the company’s stock worth $120,000 after buying an additional 603 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Oshkosh Corporation by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 1,252,345 shares of the company’s stock worth $85,898,000 after buying an additional 142,745 shares during the period. 95.51% of the stock is owned by institutional investors and hedge funds.
Oshkosh Corporation Company Profile
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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