Oshkosh Corporation (NYSE:OSK – Get Free Report) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $137.92 and traded as high as $142.35. Oshkosh shares last traded at $140.1370, with a volume of 647,599 shares traded.
Analyst Ratings Changes
Several brokerages recently issued reports on OSK. Truist Financial reissued a “buy” rating and set a $161.00 price target (down from $174.00) on shares of Oshkosh in a report on Friday, October 30th. Barclays boosted their price target on shares of Oshkosh from $150.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Citigroup upped their price objective on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a report on Friday, October 9th. Finally, Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and an average target price of $163.79.
Check Out Our Latest Report on Oshkosh
Oshkosh Trading Up 4.3%
The business has a 50 day simple moving average of $137.92 and a 200 day simple moving average of $146.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 1.00. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.31 and a beta of 1.27.
Oshkosh (NYSE:OSK – Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.65). Oshkosh had a net margin of 4.63% and a return on equity of 11.69%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the business posted $3.20 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts forecast that Oshkosh Corporation will post 8.79 EPS for the current year.
Oshkosh Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.28 dividend on an annualized basis and a yield of 1.6%. Oshkosh’s dividend payout ratio is currently 28.79%.
Insiders Place Their Bets
In other Oshkosh news, Director John Pfeifer sold 778 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $150.00, for a total value of $116,700.00. Following the completion of the transaction, the director directly owned 150,669 shares of the company’s stock, valued at approximately $22,600,350. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.
Institutional Trading of Oshkosh
Several hedge funds have recently modified their holdings of OSK. BlackRock Inc. bought a new position in Oshkosh in the 2nd quarter worth approximately $913,816,000. Bank of America Corp DE bought a new position in Oshkosh in the 2nd quarter valued at $135,656,000. Bank of New York Mellon Corp bought a new position in Oshkosh in the 2nd quarter valued at $92,996,000. Equity Investment Corp bought a new position in Oshkosh in the 2nd quarter valued at $91,735,000. Finally, Pzena Investment Management LLC acquired a new stake in shares of Oshkosh in the 2nd quarter valued at $63,812,000. 92.36% of the stock is owned by institutional investors.
About Oshkosh
Oshkosh Corporation is a manufacturer of specialty vehicles and equipment for customers in construction, emergency response, waste services, airports and defense. Its products include JLG aerial work platforms and telehandlers, fire and emergency vehicles, refuse collection trucks, concrete mixers, airport snow removal equipment and military vehicles.
The company operates through Access, Vocational and Defense businesses, with well-known brands including JLG, Pierce, McNeilus and Oshkosh.
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