Shares of Oshkosh Corp (NYSE:OSK) have earned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $82.55.
Several equities analysts have recently issued reports on OSK shares. UBS Group started coverage on Oshkosh in a research report on Tuesday, April 23rd. They set a “neutral” rating and a $85.00 target price for the company. Citigroup decreased their target price on Oshkosh from $95.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lowered Oshkosh from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $80.00 to $85.00 in a research report on Wednesday, May 1st. Zacks Investment Research upgraded Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Thursday, July 11th. Finally, Evercore ISI upgraded Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 target price for the company in a research report on Thursday, August 1st.
In related news, VP James W. Johnson sold 11,029 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $76.05, for a total value of $838,755.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC grew its holdings in Oshkosh by 85.1% in the fourth quarter. Advisory Services Network LLC now owns 731 shares of the company’s stock valued at $45,000 after purchasing an additional 336 shares during the period. Norges Bank purchased a new stake in Oshkosh in the fourth quarter valued at approximately $51,926,000. Polaris Greystone Financial Group LLC purchased a new stake in Oshkosh in the first quarter valued at approximately $19,103,000. North Star Investment Management Corp. grew its holdings in Oshkosh by 170.0% in the first quarter. North Star Investment Management Corp. now owns 810 shares of the company’s stock valued at $61,000 after purchasing an additional 510 shares during the period. Finally, Chartwell Investment Partners LLC grew its holdings in Oshkosh by 2.4% in the first quarter. Chartwell Investment Partners LLC now owns 72,398 shares of the company’s stock valued at $5,439,000 after purchasing an additional 1,664 shares during the period. Institutional investors and hedge funds own 89.87% of the company’s stock.
OSK stock traded down $3.94 during midday trading on Wednesday, reaching $68.54. The stock had a trading volume of 399,120 shares, compared to its average volume of 649,935. The business’s fifty day moving average price is $81.08. The company has a current ratio of 1.99, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.79 and a beta of 1.95. Oshkosh has a twelve month low of $51.42 and a twelve month high of $86.45.
Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, August 1st. The company reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.35. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.29 billion. Oshkosh had a return on equity of 22.70% and a net margin of 7.04%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.20 EPS. Equities analysts anticipate that Oshkosh will post 8.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, August 16th. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. Oshkosh’s payout ratio is currently 16.98%.
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 services; and chassis and service parts sales.
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