Oshkosh Co. to Issue Quarterly Dividend of $0.46 (NYSE:OSK)

Oshkosh Co. (NYSE:OSK) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 13th will be given a dividend of 0.46 per share on Tuesday, May 28th. This represents a $1.84 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, May 10th.

Oshkosh has raised its dividend by an average of 10.1% annually over the last three years and has raised its dividend every year for the last 2 years. Oshkosh has a dividend payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Oshkosh to earn $11.11 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 16.6%.

Oshkosh Trading Down 2.1 %

NYSE:OSK opened at $118.69 on Friday. Oshkosh has a 1 year low of $72.09 and a 1 year high of $127.98. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.54 and a beta of 1.29. The business has a fifty day moving average of $117.31 and a 200-day moving average of $106.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.63. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the prior year, the business posted $1.59 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities analysts predict that Oshkosh will post 10.33 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on OSK. Citigroup raised their target price on Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Robert W. Baird raised their target price on Oshkosh from $140.00 to $158.00 and gave the company an “outperform” rating in a research note on Friday. The Goldman Sachs Group raised their target price on Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. StockNews.com raised Oshkosh from a “hold” rating to a “buy” rating in a research note on Monday, April 8th. Finally, Truist Financial assumed coverage on Oshkosh in a research note on Thursday, March 14th. They set a “hold” rating and a $121.00 target price for the company. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and a consensus price target of $121.56.

Insider Buying and Selling

In other news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.64% of the company’s stock.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.