Colleen R. Moynihan Sells 13,316 Shares of Oshkosh Corp. (OSK) Stock
Oshkosh Corp. (NYSE:OSK) VP Colleen R. Moynihan sold 13,316 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $62.80, for a total transaction of $836,244.80. Following the completion of the transaction, the vice president now owns 8,431 shares in the company, valued at $529,466.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Oshkosh Corp. (NYSE:OSK) opened at 67.13 on Wednesday. The stock’s 50 day moving average is $55.65 and its 200-day moving average is $51.37. Oshkosh Corp. has a 12-month low of $29.59 and a 12-month high of $67.18. The company has a market capitalization of $4.95 billion, a P/E ratio of 23.07 and a beta of 1.68.
Oshkosh Corp. (NYSE:OSK) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.21. Oshkosh Corp. had a net margin of 3.45% and a return on equity of 12.31%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities analysts predict that Oshkosh Corp. will post $3.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 17th will be given a dividend of $0.21 per share. This is a positive change from Oshkosh Corp.’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 1.25%. The ex-dividend date is Tuesday, November 15th. Oshkosh Corp.’s dividend payout ratio is 26.21%.
A number of hedge funds have recently bought and sold shares of the company. BlackRock Japan Co. Ltd purchased a new stake in Oshkosh Corp. during the second quarter valued at about $127,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Oshkosh Corp. by 11.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,665 shares of the company’s stock valued at $149,000 after buying an additional 282 shares during the period. 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. purchased a new stake in Oshkosh Corp. during the second quarter valued at about $201,000. Finally, 1st Global Advisors Inc. purchased a new stake in Oshkosh Corp. during the second quarter valued at about $205,000. 95.05% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on the stock. Bank of America Corp. set a $62.00 target price on shares of Oshkosh Corp. and gave the company a “buy” rating in a research note on Saturday, September 17th. Stifel Nicolaus raised their target price on shares of Oshkosh Corp. from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Drexel Hamilton reiterated a “hold” rating on shares of Oshkosh Corp. in a research note on Monday, September 26th. Jefferies Group reiterated a “buy” rating and issued a $65.00 target price on shares of Oshkosh Corp. in a research note on Monday, September 26th. Finally, JPMorgan Chase & Co. upgraded shares of Oshkosh Corp. from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a research note on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Oshkosh Corp. presently has a consensus rating of “Buy” and a consensus target price of $56.21.
About Oshkosh Corp.
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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