Oshkosh Corp (NYSE:OSK) has earned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $83.83.
A number of brokerages recently issued reports on OSK. Zacks Investment Research upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research report on Friday, February 1st. reiterated a “sell” rating on shares of Oshkosh in a research report on Wednesday, February 13th. ValuEngine upgraded shares of Oshkosh from a “strong sell” rating to a “sell” rating in a research report on Friday, November 23rd. restated a “sell” rating on shares of Oshkosh in a research report on Wednesday, February 13th. Finally, Bank of America upgraded shares of Oshkosh from a “neutral” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, January 31st.
OSK traded up $0.13 on Friday, reaching $75.95. The company had a trading volume of 9,037 shares, compared to its average volume of 778,557. The firm has a market capitalization of $5.42 billion, a PE ratio of 11.93, a P/E/G ratio of 0.91 and a beta of 1.94. The company has a quick ratio of 1.12, a current ratio of 1.99 and a debt-to-equity ratio of 0.34. Oshkosh has a one year low of $51.42 and a one year high of $82.48.
Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, January 30th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.67. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.67 billion. Oshkosh had a net margin of 6.62% and a return on equity of 21.83%. Oshkosh’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. On average, equities analysts expect that Oshkosh will post 7.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, February 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.42%. Oshkosh’s dividend payout ratio (DPR) is 16.98%.
In other Oshkosh news, VP David M. Sagehorn sold 29,200 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $79.20, for a total value of $2,312,640.00. Following the completion of the transaction, the vice president now directly owns 166,310 shares in the company, valued at $13,171,752. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP R Scott Grennier sold 3,784 shares of the firm’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $80.67, for a total transaction of $305,255.28. Following the completion of the transaction, the vice president now owns 4,780 shares of the company’s stock, valued at $385,602.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,928 shares of company stock valued at $6,771,979. Insiders own 1.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in OSK. Cornerstone Wealth Management LLC boosted its holdings in shares of Oshkosh by 19.0% in the third quarter. Cornerstone Wealth Management LLC now owns 16,818 shares of the company’s stock worth $200,000 after buying an additional 2,680 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Oshkosh by 15.2% in the third quarter. Russell Investments Group Ltd. now owns 29,982 shares of the company’s stock worth $2,136,000 after purchasing an additional 3,956 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Oshkosh by 13.6% in the third quarter. Victory Capital Management Inc. now owns 209,109 shares of the company’s stock worth $14,897,000 after purchasing an additional 25,028 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Oshkosh by 29.9% in the third quarter. Meeder Asset Management Inc. now owns 4,509 shares of the company’s stock worth $322,000 after purchasing an additional 1,039 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Oshkosh by 27.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,968 shares of the company’s stock worth $354,000 after purchasing an additional 1,075 shares in the last quarter. Institutional investors own 88.22% of the company’s stock.
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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