Shares of Oshkosh Corp (NYSE:OSK) have earned a consensus recommendation of “Hold” from the eighteen brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $84.86.
Several equities research analysts recently commented on OSK shares. Zacks Investment Research cut Oshkosh from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. UBS Group started coverage on Oshkosh in a research report on Tuesday, April 23rd. They set a “neutral” rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. cut Oshkosh from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $80.00 to $85.00 in a research report on Wednesday, May 1st. Citigroup increased their price objective on Oshkosh from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $79.00 price objective (down from $83.00) on shares of Oshkosh in a research report on Friday, May 31st.
In other Oshkosh news, VP James W. Johnson sold 11,029 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $76.05, for a total value of $838,755.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System lifted its holdings in Oshkosh by 3.3% in the fourth quarter. California Public Employees Retirement System now owns 161,313 shares of the company’s stock valued at $9,890,000 after acquiring an additional 5,181 shares during the period. Jane Street Group LLC bought a new position in shares of Oshkosh in the fourth quarter worth about $697,000. Segall Bryant & Hamill LLC raised its stake in shares of Oshkosh by 2.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 42,405 shares of the company’s stock worth $2,600,000 after buying an additional 1,135 shares during the period. Corient Capital Partners LLC raised its stake in shares of Oshkosh by 7.4% in the first quarter. Corient Capital Partners LLC now owns 16,486 shares of the company’s stock worth $1,238,000 after buying an additional 1,132 shares during the period. Finally, Donaldson Capital Management LLC bought a new position in shares of Oshkosh in the first quarter worth about $2,715,000. 88.68% of the stock is currently owned by institutional investors.
Shares of NYSE OSK traded down $0.69 during trading on Tuesday, reaching $82.10. The company had a trading volume of 564,500 shares, compared to its average volume of 655,798. Oshkosh has a 12-month low of $51.42 and a 12-month high of $84.86. The stock has a market cap of $5.75 billion, a PE ratio of 12.91, a PEG ratio of 0.91 and a beta of 1.95. The business’s 50-day moving average is $77.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.86.
Oshkosh (NYSE:OSK) last released its earnings results on Tuesday, April 30th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.20. Oshkosh had a return on equity of 21.98% and a net margin of 6.76%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the firm posted $1.54 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts forecast that Oshkosh will post 7.76 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Wednesday, May 15th. Oshkosh’s dividend payout ratio is 16.98%.
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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