Oshkosh Corp. (NYSE:OSK) was downgraded by analysts at Bank of America Corp. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Oshkosh Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank AG started coverage on shares of Oshkosh Corp. in a research note on Tuesday, September 6th. They set a “buy” rating and a $62.00 target price for the company. Credit Suisse Group AG raised shares of Oshkosh Corp. from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $50.00 to $54.00 in a research note on Monday, September 26th. Royal Bank Of Canada raised shares of Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $46.00 to $63.00 in a research note on Friday, July 29th. Finally, Stifel Nicolaus reduced their target price on shares of Oshkosh Corp. from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Monday, September 26th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $56.21.

Analyst Recommendations for Oshkosh Corp. (NYSE:OSK)

Shares of Oshkosh Corp. (NYSE:OSK) opened at 66.73 on Thursday. The stock has a 50 day moving average of $56.02 and a 200 day moving average of $51.48. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 22.93 and a beta of 1.68. Oshkosh Corp. has a 52-week low of $29.59 and a 52-week high of $67.41.

Oshkosh Corp. (NYSE:OSK) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $1.05 EPS for the quarter, beating 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 business earned $1.76 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the business posted $0.67 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis. On average, analysts predict that Oshkosh Corp. will post $3.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.21 per share. 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 1.26%. This is a positive change from Oshkosh Corp.’s previous quarterly dividend of $0.19. Oshkosh Corp.’s payout ratio is currently 26.21%.

In other news, VP Robert S. Messina sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $54.18, for a total transaction of $135,450.00. Following the sale, the vice president now owns 9,063 shares in the company, valued at $491,033.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard M. Donnelly sold 2,300 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $63.75, for a total transaction of $146,625.00. Following the sale, the director now owns 32,897 shares in the company, valued at approximately $2,097,183.75. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Japan Co. Ltd bought a new position in shares of Oshkosh Corp. during the second quarter worth approximately $127,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 increased 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. Pacer Advisors Inc. bought a new position in shares of Oshkosh Corp. during the second quarter worth approximately $201,000. Finally, 1st Global Advisors Inc. bought a new position in shares of Oshkosh Corp. during the second quarter worth approximately $205,000. 95.05% of the stock is currently owned by hedge funds and other 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.

5 Day Chart for NYSE:OSK

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