Oshkosh Corp. (OSK) Upgraded by Zacks Investment Research to Hold
According to Zacks, “Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh, JLG, Pierce, McNeilus, Medtec, Jerr-Dan, BAI, Oshkosh Specialty Vehicles, Frontline, SMIT, Geesink, Norba, Kiggen, Con-E-Co, London and IMT. Oshkosh products are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. “
Other analysts also recently issued research reports about the company. Jefferies Group restated a buy rating and issued a $65.00 target price on shares of Oshkosh Corp. in a research report on Monday, September 26th. Stifel Nicolaus dropped their target price 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. Bank of America Corp. set a $62.00 target price on Oshkosh Corp. and gave the stock a buy rating in a research report on Saturday, September 17th. Deutsche Bank AG started coverage on Oshkosh Corp. in a research report on Tuesday, September 6th. They issued a buy rating and a $62.00 target price for the company. Finally, Drexel Hamilton restated a hold rating on shares of Oshkosh Corp. in a research report 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’s stock. The stock has a consensus rating of Buy and a consensus price target of $56.21.
Oshkosh Corp. (NYSE:OSK) traded down 0.40% during mid-day trading on Wednesday, reaching $66.46. 540,218 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $56.02 and a 200-day moving average of $51.48. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 22.84 and a beta of 1.68. Oshkosh Corp. has a one year low of $29.59 and a one year high of $67.41.
Oshkosh Corp. (NYSE:OSK) last released its earnings results on Tuesday, November 1st. The company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.21. The company earned $1.76 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. On average, equities research analysts anticipate that Oshkosh Corp. will post $3.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 17th will be issued a $0.21 dividend. This is an increase from Oshkosh Corp.’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, November 15th. This represents a $0.84 dividend on an annualized basis and a yield of 1.26%. Oshkosh Corp.’s dividend payout ratio is currently 26.21%.
In other Oshkosh Corp. news, VP R Scott Grennier sold 3,000 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $65.79, for a total value of $197,370.00. Following the transaction, the vice president now owns 2,912 shares of the company’s stock, valued at $191,580.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark M. Radue sold 3,133 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $54.37, for a total value of $170,341.21. Following the completion of the transaction, the vice president now directly owns 41,105 shares in the company, valued at approximately $2,234,878.85. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of OSK. BlackRock Japan Co. Ltd purchased a new position in Oshkosh Corp. during the second quarter worth $127,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 in the last quarter. US Bancorp DE increased its position in 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 in the last quarter. Pacer Advisors Inc. purchased a new position in Oshkosh Corp. during the second quarter worth $201,000. Finally, 1st Global Advisors Inc. purchased a new position in Oshkosh Corp. during the second quarter worth $205,000. 95.05% of the stock is currently owned by 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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