Oshkosh Corporation (NYSE:OSK) Given Average Rating of “Buy” by Analysts
Shares of Oshkosh Corporation (NYSE:OSK) have been given a consensus recommendation of “Buy” by the sixteen research firms that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $74.91.
Several equities research analysts recently commented on OSK shares. ValuEngine upgraded Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered Oshkosh Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Barrington Research upped their target price on Oshkosh Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research 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 company an “outperform” rating in a research 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 research report on Thursday, July 13th.
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Oshkosh Corporation (NYSE:OSK) opened at 73.97 on Friday. The firm’s 50-day moving average price is $69.99 and its 200-day moving average price is $68.55. Oshkosh Corporation has a one year low of $50.77 and a one year high of $77.20. The company has a market cap of $5.54 billion, a PE ratio of 21.95 and a beta of 1.81.
Oshkosh Corporation (NYSE:OSK) last announced its earnings results on Wednesday, August 2nd. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the company earned $1.13 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts forecast that Oshkosh Corporation will post $3.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.84 annualized dividend and a yield of 1.14%. Oshkosh Corporation’s payout ratio is currently 25.07%.
In other news, Director Craig P. Omtvedt sold 7,050 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $74.82, for a total value of $527,481.00. Following the completion of the sale, the director now directly owns 32,374 shares of the company’s stock, valued at $2,422,222.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Marek W. May sold 3,200 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $74.89, for a total value of $239,648.00. Following the completion of the sale, the vice president now directly owns 11,068 shares of the company’s stock, valued at $828,882.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,533 shares of company stock worth $3,810,466. Corporate insiders own 2.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Oshkosh Corporation by 5,532.7% in the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock valued at $441,107,000 after buying an additional 6,316,906 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Oshkosh Corporation by 85.0% in the second quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock valued at $159,548,000 after buying an additional 1,063,971 shares during the period. AQR Capital Management LLC increased its stake in shares of Oshkosh Corporation by 54.3% in the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock valued at $202,350,000 after buying an additional 1,037,968 shares during the period. Vanguard Group Inc. increased its stake in shares of Oshkosh Corporation by 16.8% in the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock valued at $464,212,000 after buying an additional 973,348 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Oshkosh Corporation by 194.2% in the first quarter. Prudential Financial Inc. now owns 890,505 shares of the company’s stock valued at $61,080,000 after buying an additional 587,822 shares during the period. 95.09% of the stock is owned by hedge funds and other institutional investors.
About Oshkosh Corporation
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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