Oshkosh Corporation (OSK) Stock Rating Reaffirmed by SunTrust Banks, Inc.
Oshkosh Corporation (NYSE:OSK)‘s stock had its “buy” rating reaffirmed by SunTrust Banks, Inc. in a research note issued on Friday. They currently have a $90.00 price target on the stock. SunTrust Banks, Inc.’s price objective would indicate a potential downside of 1.12% from the company’s previous close.
A number of other brokerages also recently issued reports on OSK. ValuEngine downgraded shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup Inc. increased their price target on shares of Oshkosh Corporation from $85.00 to $100.00 and gave the company a “buy” rating in a report on Friday, October 13th. Robert W. Baird reiterated a “buy” rating and issued a $93.00 price target on shares of Oshkosh Corporation in a report on Thursday, October 12th. Deutsche Bank AG reiterated a “hold” rating and issued a $86.00 price target (up previously from $80.00) on shares of Oshkosh Corporation in a report on Monday, October 9th. Finally, Zacks Investment Research upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Wednesday, October 4th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $85.62.
Oshkosh Corporation (NYSE OSK) traded up 0.45% during mid-day trading on Friday, hitting $91.02. 609,638 shares of the stock were exchanged. The company has a 50-day moving average price of $83.11 and a 200-day moving average price of $72.80. The company has a market cap of $6.81 billion, a P/E ratio of 27.01 and a beta of 1.77. Oshkosh Corporation has a one year low of $52.84 and a one year high of $91.18.
Oshkosh Corporation (NYSE:OSK) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.51. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 EPS. Analysts forecast that Oshkosh Corporation will post $3.96 earnings per share for the current fiscal year.
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In other news, Director Craig P. Omtvedt sold 7,050 shares of Oshkosh Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $74.82, for a total transaction of $527,481.00. Following the completion of the sale, the director now directly owns 32,374 shares in the company, valued at $2,422,222.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP R Scott Grennier sold 4,883 shares of Oshkosh Corporation stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $74.40, for a total transaction of $363,295.20. Following the sale, the vice president now owns 4,912 shares of the company’s stock, valued at $365,452.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,533 shares of company stock valued at $3,810,466. Insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Oshkosh Corporation by 3.7% during the second quarter. Vanguard Group Inc. now owns 7,019,731 shares of the company’s stock worth $483,519,000 after buying an additional 251,809 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Oshkosh Corporation by 5,532.7% during the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock worth $441,107,000 after buying an additional 6,316,906 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Oshkosh Corporation by 85.0% during the second quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after buying an additional 1,063,971 shares in the last quarter. State Street Corp grew its holdings in shares of Oshkosh Corporation by 1.6% during the first quarter. State Street Corp now owns 2,021,104 shares of the company’s stock worth $138,625,000 after buying an additional 32,017 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its holdings in shares of Oshkosh Corporation by 0.3% during the second quarter. Thrivent Financial For Lutherans now owns 1,947,210 shares of the company’s stock worth $134,123,000 after buying an additional 6,350 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.
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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