KeyCorp Boosts Oshkosh Corp. (OSK) Price Target to $75.00
Oshkosh Corp. (NYSE:OSK) had its price objective increased by investment analysts at KeyCorp from $59.00 to $75.00 in a note issued to investors on Tuesday. The firm currently has an “overweight” rating on the stock. KeyCorp’s price objective suggests a potential upside of 7.62% from the stock’s previous close.
Several other equities research analysts also recently weighed in on the company. Zacks Investment Research upgraded Oshkosh Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. Deutsche Bank AG initiated coverage on Oshkosh Corp. in a report on Tuesday, September 6th. They set a “buy” rating and a $62.00 price target on the stock. Bank of America Corp. upgraded Oshkosh Corp. from a “neutral” rating to a “buy” rating in a report on Thursday, August 18th. Credit Suisse Group AG raised Oshkosh Corp. from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $50.00 to $54.00 in a research report on Monday, September 26th. Finally, Stifel Nicolaus lowered their price objective 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. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $57.47.
Shares of Oshkosh Corp. (NYSE:OSK) traded up 0.81% on Tuesday, hitting $69.69. The stock had a trading volume of 729,518 shares. The firm’s 50-day moving average price is $58.60 and its 200 day moving average price is $52.67. Oshkosh Corp. has a 52-week low of $29.59 and a 52-week high of $70.39. The firm has a market cap of $5.19 billion, a PE ratio of 23.95 and a beta of 1.68.
Oshkosh Corp. (NYSE:OSK) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.21. Oshkosh Corp. had a return on equity of 12.31% and a net margin of 3.45%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $0.67 EPS. Oshkosh Corp.’s revenue was up 11.2% on a year-over-year basis. On average, equities research analysts predict that Oshkosh Corp. will post $3.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase 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 28.97%.
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In related news, Director Richard G. Sim sold 4,225 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $66.50, for a total value of $280,962.50. Following the completion of the transaction, the director now directly owns 4,225 shares of the company’s stock, valued at approximately $280,962.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard G. Sim sold 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $54.60, for a total value of $125,580.00. Following the completion of the transaction, the director now directly owns 41,953 shares of the company’s stock, valued at $2,290,633.80. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Japan Co. Ltd purchased a new position in Oshkosh Corp. during the second quarter valued at $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 $201,000. Finally, 1st Global Advisors Inc. purchased a new position in Oshkosh Corp. during the second quarter valued at $205,000. 98.55% of the stock is 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.
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