Oshkosh Corp. (OSK) VP Colleen R. Moynihan Sells 5,200 Shares
Oshkosh Corp. (NYSE:OSK) VP Colleen R. Moynihan sold 5,200 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $66.30, for a total value of $344,760.00. Following the completion of the transaction, the vice president now directly owns 7,345 shares in the company, valued at $486,973.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Oshkosh Corp. (NYSE:OSK) opened at 66.89 on Tuesday. The company has a market cap of $4.93 billion, a P/E ratio of 22.99 and a beta of 1.68. Oshkosh Corp. has a 52-week low of $29.59 and a 52-week high of $67.41. The company’s 50 day moving average price is $56.99 and its 200 day moving average price is $51.94.
Oshkosh Corp. (NYSE:OSK) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.21. The firm 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%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share. Equities research analysts anticipate that Oshkosh Corp. will post $3.34 EPS 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 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 28.97%.
A number of institutional investors have recently made changes to their positions in OSK. BlackRock Japan Co. Ltd acquired a new position in shares of 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 valued at $149,000 after buying an additional 282 shares during 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 valued at $150,000 after buying an additional 34 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Oshkosh Corp. during the second quarter valued at approximately $201,000. Finally, 1st Global Advisors Inc. purchased a new position in Oshkosh Corp. during the second quarter valued at approximately $205,000. 95.69% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on OSK shares. RBC Capital Markets raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $46.00 to $63.00 in a research report on Friday, July 29th. Royal Bank Of Canada raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $46.00 to $63.00 in a research report on Friday, July 29th. Stifel Nicolaus upped their target price on Oshkosh Corp. from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Barrington Research upped their target price on Oshkosh Corp. from $54.00 to $62.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Finally, Bank of America Corp. raised Oshkosh Corp. from a “neutral” rating to a “buy” rating in a research report on Thursday, August 18th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $56.21.
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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