Oshkosh Corporation (OSK) Upgraded at BidaskClub
Oshkosh Corporation (NYSE:OSK) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
OSK has been the topic of several other reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Oshkosh Corporation in a research report on Thursday, June 8th. Royal Bank Of Canada boosted their price objective on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th. ValuEngine upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Deutsche Bank AG lifted their price target on shares of Oshkosh Corporation from $73.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, April 6th. Finally, Barrington Research lifted their price target on shares of Oshkosh Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $70.36.
Shares of Oshkosh Corporation (NYSE:OSK) traded down 0.71% during midday trading on Wednesday, hitting $67.31. The stock had a trading volume of 593,716 shares. The company’s 50-day moving average price is $66.41 and its 200-day moving average price is $68.10. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 24.12 and a beta of 1.79. Oshkosh Corporation has a 12-month low of $44.01 and a 12-month high of $75.00.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Oshkosh Corporation had a net margin of 3.30% and a return on equity of 12.12%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. Equities research analysts forecast that Oshkosh Corporation will post $3.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, May 12th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.84 annualized dividend and a dividend yield of 1.25%. Oshkosh Corporation’s dividend payout ratio is presently 30.11%.
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In other news, Director Steven Mizell sold 1,800 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $69.80, for a total transaction of $125,640.00. Following the transaction, the director now directly owns 8,188 shares in the company, valued at approximately $571,522.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OSK. Public Employees Retirement System of Ohio raised its position in Oshkosh Corporation by 17.2% in the first quarter. Public Employees Retirement System of Ohio now owns 125,325 shares of the company’s stock valued at $8,596,000 after buying an additional 18,397 shares in the last quarter. Aristotle Capital Management LLC raised its position in Oshkosh Corporation by 4.6% in the first quarter. Aristotle Capital Management LLC now owns 4,268,889 shares of the company’s stock valued at $292,803,000 after buying an additional 188,368 shares in the last quarter. Janus Capital Management LLC raised its position in Oshkosh Corporation by 196.7% in the first quarter. Janus Capital Management LLC now owns 98,800 shares of the company’s stock valued at $6,777,000 after buying an additional 65,500 shares in the last quarter. HighTower Advisors LLC purchased a new position in Oshkosh Corporation during the first quarter valued at $247,000. Finally, Credit Suisse AG raised its position in Oshkosh Corporation by 47.7% in the first quarter. Credit Suisse AG now owns 143,950 shares of the company’s stock valued at $9,874,000 after buying an additional 46,470 shares in the last quarter. Institutional investors own 95.41% of the company’s stock.
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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