Oshkosh Corp. (OSK) to Issue Quarterly Dividend of $0.21 on December 1st
Oshkosh Corp. (NYSE:OSK) announced a quarterly dividend on Tuesday, November 1st. Shareholders of record on Thursday, November 17th will be given a dividend of 0.21 per share on Thursday, December 1st. This represents a $0.84 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, November 15th. This is a positive change from Oshkosh Corp.’s previous quarterly dividend of $0.19.
Shares of Oshkosh Corp. (NYSE:OSK) opened at 65.71 on Monday. Oshkosh Corp. has a 12-month low of $29.59 and a 12-month high of $65.76. The stock has a market capitalization of $4.84 billion, a P/E ratio of 22.58 and a beta of 1.68. The firm’s 50-day moving average is $54.83 and its 200 day moving average is $50.96.
Oshkosh Corp. (NYSE:OSK) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $1.05 EPS for the quarter, beating the consensus estimate 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 return on equity of 12.31% and a net margin of 3.45%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 earnings per share. On average, equities research analysts forecast that Oshkosh Corp. will post $3.34 EPS for the current fiscal year.
Several brokerages have commented on OSK. Bank of America Corp. set a $62.00 price objective on Oshkosh Corp. and gave the company a “buy” rating in a research report on Saturday, September 17th. Stifel Nicolaus lowered their price target on Oshkosh Corp. from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Monday, September 26th. Barrington Research lifted their price target on Oshkosh Corp. from $54.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. RBC Capital Markets raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $46.00 to $63.00 in a research report on Friday, July 29th. Finally, Royal Bank Of Canada raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $46.00 to $63.00 in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $56.21.
In related news, EVP Gregory L. Fredericksen sold 14,333 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $53.74, for a total value of $770,255.42. Following the completion of the sale, the executive vice president now directly owns 55,509 shares of the company’s stock, valued at approximately $2,983,053.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard G. Sim sold 2,300 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $54.60, for a total transaction of $125,580.00. Following the completion of the sale, the director now directly owns 41,953 shares of the company’s stock, valued at $2,290,633.80. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in Oshkosh Corp. during the second quarter valued at about $787,000. AHL Partners LLP purchased a new stake in Oshkosh Corp. during the second quarter valued at about $608,000. Cubist Systematic Strategies LLC purchased a new stake in Oshkosh Corp. during the second quarter valued at about $339,000. AQR Capital Management LLC raised its stake in Oshkosh Corp. by 23.6% in the second quarter. AQR Capital Management LLC now owns 303,558 shares of the company’s stock valued at $14,483,000 after buying an additional 57,909 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in Oshkosh Corp. by 3.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 242,500 shares of the company’s stock valued at $11,569,000 after buying an additional 8,500 shares in the last quarter. 95.98% of the stock is owned by institutional investors.
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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