Oshkosh (NYSE:OSK) Shares Gap Up After Earnings Beat

Oshkosh Co. (NYSE:OSK)’s share price gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $121.25, but opened at $124.89. Oshkosh shares last traded at $121.66, with a volume of 274,956 shares traded.

The company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.26 by $0.63. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 EPS.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, May 10th. Oshkosh’s dividend payout ratio is currently 17.61%.

Wall Street Analyst Weigh In

OSK has been the topic of a number of analyst reports. UBS Group upped their price objective on Oshkosh from $117.00 to $129.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird upped their price objective on Oshkosh from $140.00 to $158.00 and gave the stock an “outperform” rating in a research note on Friday. DA Davidson upgraded Oshkosh from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $122.00 to $130.00 in a research note on Friday, March 1st. TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Finally, Citigroup upped their price objective on Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.50.

Insider Transactions at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the sale, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.64% of the stock is currently owned by insiders.

Institutional Trading of Oshkosh

Large investors have recently modified their holdings of the stock. Atlas Capital Advisors LLC grew its holdings in shares of Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 139 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Oshkosh during the 3rd quarter worth $32,000. Rise Advisors LLC grew its holdings in shares of Oshkosh by 215.5% during the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Oshkosh by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after buying an additional 111 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Oshkosh in the fourth quarter valued at about $42,000. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Down 0.9 %

The firm has a 50 day moving average of $117.49 and a two-hundred day moving average of $107.07. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.