ValuEngine upgraded shares of Oshkosh (NYSE:OSK) from a strong sell rating to a sell rating in a research note released on Friday.
OSK has been the subject of a number of other research reports. Deutsche Bank set a $77.00 price objective on Oshkosh and gave the company a hold rating in a research note on Wednesday, September 5th. SunTrust Banks upped their price objective on Oshkosh to $96.00 and gave the company a buy rating in a research note on Friday, November 2nd. Zacks Investment Research downgraded Oshkosh from a buy rating to a hold rating in a research note on Wednesday, October 3rd. Royal Bank of Canada restated a buy rating and issued a $98.00 price objective on shares of Oshkosh in a research note on Wednesday, August 1st. Finally, Bank of America reduced their price objective on Oshkosh from $84.00 to $77.00 and set a neutral rating for the company in a research note on Friday, August 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $86.17.
NYSE OSK opened at $68.89 on Friday. The firm has a market capitalization of $4.86 billion, a P/E ratio of 10.83, a P/E/G ratio of 0.66 and a beta of 1.71. Oshkosh has a 12 month low of $51.42 and a 12 month high of $100.26. The company has a quick ratio of 1.21, a current ratio of 1.93 and a debt-to-equity ratio of 0.33.
Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, November 1st. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.35. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.98 billion. Oshkosh had a return on equity of 19.93% and a net margin of 6.12%. Oshkosh’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 EPS. Equities analysts expect that Oshkosh will post 7.07 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be paid a dividend of $0.27 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, November 16th. This represents a $1.08 annualized dividend and a dividend yield of 1.57%. Oshkosh’s dividend payout ratio is presently 16.98%.
In other news, SVP Tina R. Schoner purchased 630 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was bought at an average price of $66.78 per share, for a total transaction of $42,071.40. Following the purchase, the senior vice president now owns 630 shares of the company’s stock, valued at $42,071.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of OSK. Point72 Hong Kong Ltd bought a new position in shares of Oshkosh during the 3rd quarter worth $106,000. Ayalon Holdings Ltd. bought a new position in shares of Oshkosh during the 3rd quarter worth $125,000. Trilogy Capital Inc. bought a new position in shares of Oshkosh during the 3rd quarter worth $199,000. Cornerstone Wealth Management LLC bought a new position in shares of Oshkosh during the 2nd quarter worth $200,000. Finally, Sawtooth Solutions LLC bought a new position in shares of Oshkosh during the 2nd quarter worth $202,000. Institutional investors own 89.35% of the company’s stock.
Oshkosh Company Profile
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.
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