Oshkosh Corp. (OSK) Director Sells $125,580.00 in Stock
Oshkosh Corp. (NYSE:OSK) Director Richard G. Sim sold 2,300 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $54.60, for a total value of $125,580.00. Following the completion of the transaction, the director now directly owns 41,953 shares of the company’s stock, valued at $2,290,633.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Oshkosh Corp. (NYSE:OSK) opened at 60.89 on Thursday. Oshkosh Corp. has a 52-week low of $29.59 and a 52-week high of $62.20. The firm’s 50-day moving average price is $54.37 and its 200-day moving average price is $50.68. The stock has a market cap of $4.49 billion, a P/E ratio of 20.92 and a beta of 1.68.
Oshkosh Corp. (NYSE:OSK) last announced its earnings results on Tuesday, November 1st. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.21. The business earned $1.76 billion during the quarter, compared to analyst estimates of $1.67 billion. Oshkosh Corp. had a net margin of 3.45% and a return on equity of 12.31%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. Equities analysts predict that Oshkosh Corp. will post $3.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be given a dividend of $0.21 per share. This is an increase from Oshkosh Corp.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.38%. Oshkosh Corp.’s payout ratio is presently 26.21%.
Several large investors have recently modified their holdings of the stock. US Bancorp DE increased its stake in shares of Oshkosh Corp. by 1.1% in the second quarter. US Bancorp DE now owns 3,154 shares of the company’s stock worth $150,000 after buying an additional 34 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Oshkosh Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,666 shares of the company’s stock worth $604,000 after buying an additional 52 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Oshkosh Corp. by 1.2% in the second quarter. Whittier Trust Co. now owns 7,989 shares of the company’s stock worth $381,000 after buying an additional 97 shares during the last quarter. 1st Global Advisors Inc. increased its stake in shares of Oshkosh Corp. by 3.0% in the third quarter. 1st Global Advisors Inc. now owns 4,431 shares of the company’s stock worth $248,000 after buying an additional 131 shares during the last quarter. Finally, LaSalle Street Capital Management LLC increased its stake in shares of Oshkosh Corp. by 1.1% in the second quarter. LaSalle Street Capital Management LLC now owns 13,301 shares of the company’s stock worth $635,000 after buying an additional 146 shares during the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.
OSK has been the subject of several research reports. Credit Suisse Group AG raised Oshkosh Corp. from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $50.00 to $54.00 in a report on Monday, September 26th. JPMorgan Chase & Co. raised Oshkosh Corp. from a “neutral” rating to an “overweight” rating and set a $60.00 price objective for the company in a report on Monday, September 26th. Jefferies Group reissued a “buy” rating and set a $65.00 price objective on shares of Oshkosh Corp. in a report on Monday, September 26th. Zacks Investment Research lowered Oshkosh Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 14th. Finally, Drexel Hamilton reissued a “hold” rating on shares of Oshkosh Corp. in a report on Monday, September 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Oshkosh Corp. currently has a consensus rating of “Buy” and an average target price of $56.21.
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.
Receive News & Stock Ratings for Oshkosh Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh Corp. and related stocks with our FREE daily email newsletter.