Oshkosh Co. (NYSE:OSK – Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 13th will be paid a dividend of 0.46 per share on Tuesday, May 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, May 10th.
Oshkosh has raised its dividend payment by an average of 10.1% per year over the last three years and has increased its dividend every year for the last 2 years. Oshkosh has a payout ratio of 16.5% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 2.1 %
OSK stock opened at $118.69 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The company has a market cap of $7.78 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. Oshkosh has a 52 week low of $72.09 and a 52 week high of $127.98. The business has a 50-day simple moving average of $117.31 and a 200 day simple moving average of $106.91.
Insider Activity at Oshkosh
In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. DA Davidson raised Oshkosh from a “neutral” rating to a “buy” rating and upped their target price for the stock from $122.00 to $130.00 in a research report on Friday, March 1st. JPMorgan Chase & Co. raised their target price on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. TheStreet upgraded Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Citigroup raised their target price on Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company raised their price target on Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.56.
Check Out Our Latest Analysis on OSK
Oshkosh Company Profile
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.
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