Oshkosh Corp. (OSK) Director Richard G. Sim Sells 4,225 Shares
Oshkosh Corp. (NYSE:OSK) Director Richard G. Sim sold 4,225 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $66.50, for a total value of $280,962.50. Following the sale, the director now directly owns 4,225 shares in the company, valued at approximately $280,962.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Oshkosh Corp. (NYSE:OSK) traded up 0.82% during mid-day trading on Monday, reaching $66.72. The company’s stock had a trading volume of 315,017 shares. The company has a market cap of $4.92 billion, a P/E ratio of 22.93 and a beta of 1.68. The company has a 50-day moving average of $56.42 and a 200-day moving average of $51.61. Oshkosh Corp. has a 12 month low of $29.59 and a 12 month high of $67.41.
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, beating the 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 prior year, the business posted $0.67 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis. Equities research analysts forecast that Oshkosh Corp. will post $3.34 earnings per share for the current fiscal 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 annualized dividend and a yield of 1.27%. 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 28.97%.
OSK has been the topic of several recent research reports. Credit Suisse Group AG raised Oshkosh Corp. from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $50.00 to $54.00 in a report on Monday, September 26th. JPMorgan Chase & Co. raised Oshkosh Corp. from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Monday, September 26th. Zacks Investment Research raised Oshkosh Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. Jefferies Group reaffirmed a “buy” rating and set a $65.00 target price on shares of Oshkosh Corp. in a report on Monday, September 26th. Finally, Drexel Hamilton reaffirmed a “hold” rating on shares of Oshkosh Corp. in a report on Monday, September 26th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $56.21.
A number of hedge funds have recently bought and sold shares of the stock. LS Investment Advisors LLC raised its stake in Oshkosh Corp. by 76.2% in the second quarter. LS Investment Advisors LLC now owns 4,522 shares of the company’s stock worth $216,000 after buying an additional 1,955 shares in the last quarter. 1st Global Advisors Inc. purchased a new stake in Oshkosh Corp. during the second quarter worth $205,000. Sunnymeath Asset Management Inc. raised its stake in Oshkosh Corp. by 119.9% in the second quarter. Sunnymeath Asset Management Inc. now owns 21,000 shares of the company’s stock worth $997,000 after buying an additional 11,450 shares in the last quarter. LaSalle Street Capital Management LLC raised its stake in Oshkosh Corp. by 1.1% in the second quarter. LaSalle Street Capital Management LLC now owns 13,301 shares of the company’s stock worth $635,000 after buying an additional 146 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Oshkosh Corp. during the second quarter worth $949,000. Institutional investors and hedge funds own 95.69% 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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