Oshkosh Corp. (OSK) Price Target Cut to $61.00
Oshkosh Corp. (NYSE:OSK) had its price objective lowered by equities researchers at Stifel Nicolaus from $63.00 to $61.00 in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 14.19% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Bank of America Corp. set a $62.00 price objective on Oshkosh Corp. and gave the stock a “buy” rating in a research note on Saturday, September 17th. Deutsche Bank AG initiated coverage on Oshkosh Corp. in a research note on Tuesday, September 6th. They set a “buy” rating and a $62.00 price objective on the stock. Jefferies Group reiterated a “buy” rating and set a $53.00 price objective on shares of Oshkosh Corp. in a research note on Tuesday, June 7th. Zacks Investment Research cut Oshkosh Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. Finally, Credit Suisse Group AG upgraded Oshkosh Corp. from an “underperform” rating to a “neutral” rating and increased their price target for the company from $50.00 to $54.00 in a research note on Monday. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $54.94.
Oshkosh Corp. (NYSE:OSK) opened at 53.42 on Monday. The stock has a 50 day moving average of $54.49 and a 200-day moving average of $47.54. Oshkosh Corp. has a 52-week low of $29.59 and a 52-week high of $57.75. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 19.59 and a beta of 1.98.
Oshkosh Corp. (NYSE:OSK) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.13. Oshkosh Corp. had a return on equity of 11.02% and a net margin of 3.36%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. On average, analysts forecast that Oshkosh Corp. will post $2.90 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 15th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, August 11th. Oshkosh Corp.’s dividend payout ratio (DPR) is presently 27.94%.
In related news, Director Richard G. Sim sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $53.95, for a total value of $183,430.00. Following the sale, the director now directly owns 50,553 shares of the company’s stock, valued at $2,727,334.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David M. Sagehorn sold 49,495 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $54.13, for a total value of $2,679,164.35. Following the completion of the sale, the vice president now directly owns 111,113 shares in the company, valued at $6,014,546.69. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in OSK. BlackRock Japan Co. Ltd acquired a new stake in Oshkosh Corp. during the second quarter valued at $127,000. US Bancorp DE raised its stake in Oshkosh Corp. by 1.1% in the second quarter. US Bancorp DE now owns 3,154 shares of the company’s stock valued at $150,000 after buying an additional 34 shares during the period. Pacer Advisors Inc. acquired a new stake in Oshkosh Corp. during the second quarter valued at $201,000. 1st Global Advisors Inc. acquired a new stake in Oshkosh Corp. during the second quarter valued at $205,000. Finally, Oarsman Capital Inc. acquired a new stake in Oshkosh Corp. during the second quarter valued at $208,000. 95.60% of the stock is currently owned by institutional investors and hedge funds.
Oshkosh Corp. Company Profile
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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