Richard M. Donnelly Sells 2,300 Shares of Oshkosh Corp. (OSK) Stock
Oshkosh Corp. (NYSE:OSK) Director Richard M. Donnelly sold 2,300 shares of Oshkosh Corp. stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $63.75, for a total transaction of $146,625.00. Following the completion of the sale, the director now owns 32,897 shares of the company’s stock, valued at approximately $2,097,183.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Oshkosh Corp. (NYSE:OSK) opened at 67.13 on Wednesday. Oshkosh Corp. has a 52 week low of $29.59 and a 52 week high of $67.18. The company has a market capitalization of $4.95 billion, a PE ratio of 23.07 and a beta of 1.68. The company’s 50 day moving average is $54.83 and its 200-day moving average is $50.96.
Oshkosh Corp. (NYSE:OSK) last issued its earnings results on Tuesday, November 1st. The company reported $1.05 EPS 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 return on equity of 12.31% and a net margin of 3.45%. Oshkosh Corp.’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. On average, analysts expect that Oshkosh Corp. will post $3.34 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 17th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.25%. This is a positive change from Oshkosh Corp.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, November 15th. Oshkosh Corp.’s dividend payout ratio is presently 26.21%.
A number of equities analysts have commented on the stock. Credit Suisse Group AG raised shares of Oshkosh Corp. from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $50.00 to $54.00 in a report on Monday, September 26th. Stifel Nicolaus decreased their price objective on shares of Oshkosh Corp. from $63.00 to $61.00 and set a “buy” rating for the company in a report on Monday, September 26th. Bank of America Corp. set a $62.00 price objective on shares of Oshkosh Corp. and gave the stock a “buy” rating in a report on Saturday, September 17th. JPMorgan Chase & Co. raised shares of 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. Finally, Barrington Research lifted their price objective on shares of Oshkosh Corp. from $54.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. One 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’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $56.21.
Several hedge funds and other institutional investors have recently modified their holdings of OSK. BlackRock Japan Co. Ltd purchased a new position in shares of Oshkosh Corp. during the second quarter worth approximately $127,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Oshkosh Corp. by 11.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,665 shares of the company’s stock worth $149,000 after buying an additional 282 shares during the last quarter. US Bancorp DE raised its position 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. Bank of Hawaii purchased a new position in shares of Oshkosh Corp. during the third quarter worth approximately $210,000. Finally, McKinley Carter Wealth Services Inc. purchased a new position in shares of Oshkosh Corp. during the third quarter worth approximately $224,000. Institutional investors and hedge funds own 95.05% of the company’s stock.
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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