Oshkosh Corp (NYSE:OSK) was down 0.7% during mid-day trading on Thursday . The company traded as low as $68.28 and last traded at $68.33, approximately 7,016 shares were traded during trading. A decline of 99% from the average daily volume of 710,956 shares. The stock had previously closed at $68.81.
A number of research analysts have recently issued reports on OSK shares. UBS Group started coverage on shares of Oshkosh in a report on Tuesday, April 23rd. They set a “neutral” rating and a $85.00 price objective for the company. Evercore ISI upgraded shares of Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 price objective for the company in a report on Thursday, August 1st. JPMorgan Chase & Co. cut shares of Oshkosh from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $80.00 to $85.00 in a report on Wednesday, May 1st. Citigroup reduced their price objective on shares of Oshkosh from $95.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Finally, Zacks Investment Research upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $82.55.
The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 0.76 and a beta of 1.95. The business’s fifty day moving average price is $80.81 and its 200-day moving average price is $78.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.19.
Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, August 1st. The company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.35. Oshkosh had a net margin of 7.04% and a return on equity of 22.70%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the company earned $2.20 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Equities research analysts predict that Oshkosh Corp will post 8.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is presently 16.98%.
In related news, VP James W. Johnson sold 11,029 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $76.05, for a total transaction of $838,755.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Personal Wealth Partners bought a new stake in Oshkosh in the second quarter worth about $25,000. FinTrust Capital Advisors LLC raised its position in Oshkosh by 1,128.6% in the first quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock worth $26,000 after acquiring an additional 316 shares during the period. Gemmer Asset Management LLC raised its position in Oshkosh by 99.6% in the first quarter. Gemmer Asset Management LLC now owns 563 shares of the company’s stock worth $42,000 after acquiring an additional 281 shares during the period. Pearl River Capital LLC bought a new stake in Oshkosh in the second quarter worth about $45,000. Finally, Machina Capital S.A.S. raised its position in Oshkosh by 255.9% in the second quarter. Machina Capital S.A.S. now owns 573 shares of the company’s stock worth $48,000 after acquiring an additional 412 shares during the period. Institutional investors and hedge funds own 89.87% of the company’s stock.
About Oshkosh (NYSE:OSK)
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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