Oshkosh (NYSE:OSK) Sets New 12-Month High – Here’s Why

Oshkosh Corporation (NYSE:OSK) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $174.25 and last traded at $173.8750, with a volume of 88838 shares traded. The stock had previously closed at $171.71.

Analysts Set New Price Targets

OSK has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. JPMorgan Chase & Co. lifted their target price on Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Bank of America raised shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 target price for the company in a research note on Tuesday, February 3rd. Finally, Zacks Research downgraded shares of Oshkosh from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Oshkosh has an average rating of “Moderate Buy” and a consensus target price of $159.60.

Oshkosh Trading Up 0.1%

The company has a 50-day moving average price of $143.31 and a 200 day moving average price of $135.99. The stock has a market capitalization of $11.05 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 0.88 and a beta of 1.43. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the company posted $2.58 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, research analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, February 17th. Oshkosh’s dividend payout ratio (DPR) is 20.36%.

Institutional Investors Weigh In On Oshkosh

A number of large investors have recently bought and sold shares of OSK. Harbor Capital Advisors Inc. purchased a new stake in shares of Oshkosh in the 3rd quarter valued at $26,000. Blue Trust Inc. boosted its holdings in Oshkosh by 471.1% in the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after purchasing an additional 179 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in Oshkosh by 3,014.3% in the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in Oshkosh during the 3rd quarter worth about $29,000. Finally, Torren Management LLC purchased a new position in shares of Oshkosh during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.