Marek W. May Sells 3,000 Shares of Oshkosh Corp. (OSK) Stock
Oshkosh Corp. (NYSE:OSK) VP Marek W. May sold 3,000 shares of the company’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $63.58, for a total value of $190,740.00. Following the completion of the transaction, the vice president now directly owns 6,954 shares in the company, valued at $442,135.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Oshkosh Corp. (NYSE:OSK) opened at 66.73 on Thursday. The firm has a market capitalization of $4.92 billion, a PE ratio of 22.93 and a beta of 1.68. Oshkosh Corp. has a one year low of $29.59 and a one year high of $67.41. The stock has a 50 day moving average price of $56.02 and a 200-day moving average price of $51.48.
Oshkosh Corp. (NYSE:OSK) last released its earnings results on Tuesday, November 1st. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.21. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.67 billion. Oshkosh Corp. had a return on equity of 12.31% and a net margin of 3.45%. Oshkosh Corp.’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 earnings per share. On average, equities analysts forecast that Oshkosh Corp. will post $3.34 earnings per share for the current year.
The firm 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 represents a $0.84 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Tuesday, November 15th. This is an increase from Oshkosh Corp.’s previous quarterly dividend of $0.19. Oshkosh Corp.’s payout ratio is 26.21%.
Several analysts have recently issued reports on the company. Credit Suisse Group AG upgraded Oshkosh Corp. from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $50.00 to $54.00 in a research note on Monday, September 26th. Stifel Nicolaus decreased their price target on Oshkosh Corp. from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Monday, September 26th. Bank of America Corp. set a $62.00 price target on Oshkosh Corp. and gave the stock a “buy” rating in a research note on Saturday, September 17th. JPMorgan Chase & Co. upgraded Oshkosh Corp. from a “neutral” rating to an “overweight” rating and set a $60.00 price target for the company in a research note on Monday, September 26th. Finally, Barrington Research upped their price target on Oshkosh Corp. from $54.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $56.21.
A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Oshkosh Corp. by 3.7% in the second quarter. Vanguard Group Inc. now owns 5,313,307 shares of the company’s stock worth $253,498,000 after buying an additional 187,531 shares during the period. Aristotle Capital Management LLC increased its position in shares of Oshkosh Corp. by 0.6% in the second quarter. Aristotle Capital Management LLC now owns 4,178,961 shares of the company’s stock worth $199,378,000 after buying an additional 24,937 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Oshkosh Corp. by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,804,082 shares of the company’s stock worth $133,773,000 after buying an additional 88,124 shares during the period. BlackRock Fund Advisors increased its position in shares of Oshkosh Corp. by 4.8% in the third quarter. BlackRock Fund Advisors now owns 2,667,378 shares of the company’s stock worth $149,373,000 after buying an additional 122,751 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Oshkosh Corp. by 8.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,395,556 shares of the company’s stock worth $134,151,000 after buying an additional 182,020 shares during the period. 95.05% of the stock is currently owned by hedge funds and other institutional investors.
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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