Oshkosh Corporation (OSK) Upgraded by ValuEngine to Buy
Oshkosh Corporation (NYSE:OSK) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Several other equities research analysts have also issued reports on the company. Bank of America Corporation lowered Oshkosh Corporation from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $75.00 to $60.00 in a research report on Friday, July 7th. Zacks Investment Research lowered Oshkosh Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub raised Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Jefferies Group LLC reissued a “buy” rating and set a $85.00 price target on shares of Oshkosh Corporation in a research report on Thursday, June 8th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $80.00 price target on shares of Oshkosh Corporation in a research report on Thursday, August 3rd. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $75.67.
Oshkosh Corporation (OSK) opened at 74.90 on Friday. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 22.23 and a beta of 1.81. Oshkosh Corporation has a 12 month low of $50.77 and a 12 month high of $77.20. The stock’s 50 day moving average is $72.13 and its 200-day moving average is $68.99.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.51. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS. On average, equities research analysts expect that Oshkosh Corporation will post $3.95 earnings per share for the current year.
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In other news, VP R Scott Grennier sold 4,883 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $74.40, for a total value of $363,295.20. Following the completion of the transaction, the vice president now owns 4,912 shares of the company’s stock, valued at $365,452.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Craig P. Omtvedt sold 7,050 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $74.82, for a total value of $527,481.00. Following the completion of the transaction, the director now directly owns 32,374 shares of the company’s stock, valued at approximately $2,422,222.68. The disclosure for this sale can be found here. In the last three months, insiders sold 50,533 shares of company stock valued at $3,810,466. Company insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OSK. BlackRock Inc. boosted its position in Oshkosh Corporation by 5,532.7% in the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock valued at $441,107,000 after buying an additional 6,316,906 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Oshkosh Corporation by 85.0% in the second quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock valued at $159,548,000 after buying an additional 1,063,971 shares during the last quarter. AQR Capital Management LLC boosted its position in Oshkosh Corporation by 54.3% in the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock valued at $202,350,000 after buying an additional 1,037,968 shares during the last quarter. Vanguard Group Inc. boosted its position in Oshkosh Corporation by 16.8% in the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock valued at $464,212,000 after buying an additional 973,348 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Oshkosh Corporation by 194.2% in the first quarter. Prudential Financial Inc. now owns 890,505 shares of the company’s stock valued at $61,080,000 after buying an additional 587,822 shares during the last quarter. 94.62% of the stock is owned by institutional investors.
About Oshkosh Corporation
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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