Oshkosh Corp. (OSK) VP Marek W. May Sells 9,616 Shares
Oshkosh Corp. (NYSE:OSK) VP Marek W. May sold 9,616 shares of Oshkosh Corp. stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $69.74, for a total value of $670,619.84. Following the completion of the transaction, the vice president now owns 12,368 shares in the company, valued at approximately $862,544.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Oshkosh Corp. (NYSE:OSK) opened at 69.13 on Tuesday. Oshkosh Corp. has a one year low of $29.59 and a one year high of $70.39. The firm has a 50-day moving average price of $58.60 and a 200-day moving average price of $52.67. The firm has a market capitalization of $5.09 billion, a P/E ratio of 23.76 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. Equities analysts anticipate that Oshkosh Corp. will post $3.34 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be issued a $0.21 dividend. 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 1.22%. This is an increase from Oshkosh Corp.’s previous quarterly dividend of $0.19. Oshkosh Corp.’s dividend payout ratio is presently 28.97%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Japan Co. Ltd acquired a new position in Oshkosh Corp. during the second quarter worth approximately $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 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 worth $150,000 after buying an additional 34 shares during the last quarter. Bank of Hawaii acquired a new position in Oshkosh Corp. during the third quarter worth approximately $210,000. Finally, McKinley Carter Wealth Services Inc. acquired a new position in Oshkosh Corp. during the third quarter worth approximately $224,000. Institutional investors and hedge funds own 98.55% of the company’s stock.
Several equities analysts have issued reports on the company. Bank of America Corp. lowered Oshkosh Corp. from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research note on Thursday, November 17th. They noted that the move was a valuation call. Zacks Investment Research upgraded Oshkosh Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th. Macquarie cut their target price on Oshkosh Corp. from $53.50 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, September 26th. Deutsche Bank AG cut their target price on Oshkosh Corp. from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, September 26th. Finally, Drexel Hamilton reiterated a “hold” rating on shares of Oshkosh Corp. in a research note on Monday, September 26th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently 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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