Robert S. Messina Sells 3,400 Shares of Oshkosh Corporation (NYSE:OSK) Stock
Oshkosh Corporation (NYSE:OSK) VP Robert S. Messina sold 3,400 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $75.23, for a total value of $255,782.00. Following the sale, the vice president now owns 12,558 shares of the company’s stock, valued at approximately $944,738.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Oshkosh Corporation (NYSE OSK) traded up 0.39% during trading on Tuesday, reaching $75.05. The company had a trading volume of 652,733 shares. The firm has a market capitalization of $5.61 billion, a PE ratio of 22.27 and a beta of 1.81. The firm has a 50-day moving average of $68.51 and a 200 day moving average of $68.23. Oshkosh Corporation has a 1-year low of $50.77 and a 1-year high of $76.76.
Oshkosh Corporation (NYSE:OSK) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.51. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the company earned $1.13 earnings per share. Oshkosh Corporation’s quarterly revenue was up 16.6% compared to the same quarter last year. Analysts expect that Oshkosh Corporation will post $3.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.12%. Oshkosh Corporation’s payout ratio is 25.07%.
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Large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its stake in shares of Oshkosh Corporation by 20.1% in the second quarter. Pacer Advisors Inc. now owns 10,757 shares of the company’s stock worth $741,000 after buying an additional 1,803 shares during the last quarter. Utah Retirement Systems boosted its stake in shares of Oshkosh Corporation by 3.0% in the second quarter. Utah Retirement Systems now owns 13,650 shares of the company’s stock worth $941,000 after buying an additional 400 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Oshkosh Corporation by 22.6% in the second quarter. Prudential Financial Inc. now owns 1,091,575 shares of the company’s stock worth $75,188,000 after buying an additional 201,070 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its stake in shares of Oshkosh Corporation by 4.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock worth $155,000 after buying an additional 100 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Oshkosh Corporation by 116.7% in the second quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock worth $47,467,000 after buying an additional 371,089 shares during the last quarter. 95.09% of the stock is owned by institutional investors and hedge funds.
OSK has been the subject of a number of analyst reports. ValuEngine upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Oshkosh Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Barrington Research upped their target price on Oshkosh Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Royal Bank Of Canada upped their target price on Oshkosh Corporation from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “buy” rating and set a $85.00 target price on shares of Oshkosh Corporation in a report on Thursday, July 13th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $75.67.
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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