ValuEngine upgraded shares of Oshkosh (NYSE:OSK) from a hold rating to a buy rating in a research report sent to investors on Friday morning.
A number of other equities research analysts have also weighed in on OSK. Deutsche Bank restated a hold rating and set a $86.00 price objective (up previously from $80.00) on shares of Oshkosh in a research note on Monday, October 9th. Robert W. Baird restated a buy rating and set a $93.00 price objective on shares of Oshkosh in a research note on Thursday, October 12th. Citigroup raised their price objective on Oshkosh from $85.00 to $100.00 and gave the company a buy rating in a research note on Friday, October 13th. SunTrust Banks restated a buy rating and set a $90.00 price objective on shares of Oshkosh in a research note on Friday, October 27th. Finally, Stifel Nicolaus restated a buy rating and set a $100.00 price objective on shares of Oshkosh in a research note on Wednesday, November 1st. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $94.54.
Shares of Oshkosh (OSK) opened at $87.45 on Friday. The company has a market capitalization of $6,525.87, a PE ratio of 20.63, a P/E/G ratio of 1.14 and a beta of 1.53. The company has a current ratio of 1.86, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35. Oshkosh has a twelve month low of $61.74 and a twelve month high of $100.26.
Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 25th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.55 by $0.29. Oshkosh had a return on equity of 16.64% and a net margin of 4.48%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business posted $0.26 EPS. The company’s revenue was up 31.0% on a year-over-year basis. research analysts predict that Oshkosh will post 5.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, February 12th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.10%. Oshkosh’s payout ratio is 22.64%.
In other news, VP R Scott Grennier sold 3,369 shares of Oshkosh stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $85.79, for a total value of $289,026.51. Following the completion of the transaction, the vice president now owns 7,574 shares in the company, valued at approximately $649,773.46. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Bradley M. Nelson sold 7,500 shares of Oshkosh stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.86, for a total value of $628,950.00. Following the completion of the transaction, the senior vice president now owns 18,908 shares of the company’s stock, valued at approximately $1,585,624.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,955 shares of company stock valued at $9,235,522. Insiders own 1.60% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of OSK. JPMorgan Chase & Co. grew its position in shares of Oshkosh by 18.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,742,675 shares of the company’s stock worth $226,765,000 after acquiring an additional 426,359 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Oshkosh in the 4th quarter worth approximately $31,006,000. Macquarie Group Ltd. grew its position in shares of Oshkosh by 999.8% in the 2nd quarter. Macquarie Group Ltd. now owns 313,099 shares of the company’s stock worth $21,566,000 after acquiring an additional 284,631 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Oshkosh in the 2nd quarter worth approximately $264,000. Finally, Principal Financial Group Inc. grew its position in shares of Oshkosh by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 772,858 shares of the company’s stock worth $63,792,000 after acquiring an additional 179,180 shares in the last quarter. Institutional investors own 94.25% of the company’s stock.
Oshkosh 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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