Oshkosh Corporation (OSK) VP Sells $2,260,715.00 in Stock
Oshkosh Corporation (NYSE:OSK) VP David M. Sagehorn sold 26,500 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $85.31, for a total value of $2,260,715.00. Following the completion of the transaction, the vice president now directly owns 159,023 shares of the company’s stock, valued at approximately $13,566,252.13. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Oshkosh Corporation (NYSE OSK) opened at $85.90 on Friday. The stock has a market capitalization of $6,457.12, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 1.15 and a beta of 1.87. The company has a quick ratio of 1.09, a current ratio of 1.81 and a debt-to-equity ratio of 0.35. Oshkosh Corporation has a fifty-two week low of $61.74 and a fifty-two week high of $94.16.
Oshkosh Corporation (NYSE:OSK) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.36. Oshkosh Corporation had a return on equity of 15.14% and a net margin of 4.18%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. equities analysts expect that Oshkosh Corporation will post 4.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Oshkosh Corporation’s previous quarterly dividend of $0.21. Oshkosh Corporation’s dividend payout ratio (DPR) is currently 25.53%.
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Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Oshkosh Corporation by 3.7% in the second quarter. Vanguard Group Inc. now owns 7,019,731 shares of the company’s stock valued at $483,519,000 after purchasing an additional 251,809 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Oshkosh Corporation by 18.4% in the third quarter. JPMorgan Chase & Co. now owns 2,742,675 shares of the company’s stock valued at $226,765,000 after purchasing an additional 426,359 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Oshkosh Corporation by 0.3% in the second quarter. Thrivent Financial For Lutherans now owns 1,947,210 shares of the company’s stock valued at $134,123,000 after purchasing an additional 6,350 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Oshkosh Corporation by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,866,855 shares of the company’s stock valued at $154,091,000 after purchasing an additional 6,460 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Oshkosh Corporation by 1.5% in the third quarter. Great West Life Assurance Co. Can now owns 1,687,953 shares of the company’s stock valued at $139,219,000 after purchasing an additional 25,189 shares in the last quarter. Institutional investors own 94.24% of the company’s stock.
A number of equities analysts have issued reports on OSK shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 target price on shares of Oshkosh Corporation in a report on Thursday, August 3rd. Royal Bank Of Canada increased their price target on Oshkosh Corporation from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Bank of America Corporation raised Oshkosh Corporation from an “underperform” rating to a “neutral” rating and increased their price target for the company from $60.00 to $78.00 in a research note on Thursday, August 3rd. Deutsche Bank AG increased their price target on Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Finally, Drexel Hamilton raised Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $92.85.
Oshkosh Corporation 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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