Colleen R. Moynihan Sells 4,000 Shares of Oshkosh Corp (OSK) Stock
Oshkosh Corp (NYSE:OSK) VP Colleen R. Moynihan sold 4,000 shares of Oshkosh Corp stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $87.62, for a total value of $350,480.00. Following the sale, the vice president now directly owns 7,347 shares in the company, valued at approximately $643,744.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
The company has a market capitalization of $6,512.41, a price-to-earnings ratio of 20.53 and a beta of 1.87.
Oshkosh Corp (NYSE:OSK) last announced its earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.36. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Oshkosh Corp had a return on equity of 15.14% and a net margin of 4.18%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 earnings per share. analysts predict that Oshkosh Corp will post 4.51 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $0.96 annualized dividend and a dividend yield of Infinity. This is a boost from Oshkosh Corp’s previous quarterly dividend of $0.21. Oshkosh Corp’s dividend payout ratio is currently 22.34%.
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OSK has been the topic of a number of recent analyst reports. Citigroup Inc. lifted their price target on Oshkosh Corp from $85.00 to $100.00 and gave the company a “buy” rating in a report on Friday, October 13th. ValuEngine raised Oshkosh Corp from a “hold” rating to a “buy” rating in a report on Friday, September 1st. KeyCorp reaffirmed a “buy” rating and set a $85.00 price target on shares of Oshkosh Corp in a report on Sunday, September 17th. Zacks Investment Research cut Oshkosh Corp from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $86.00 price target (up previously from $80.00) on shares of Oshkosh Corp in a report on Monday, October 9th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $92.85.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Trust N.A. increased its holdings in shares of Oshkosh Corp by 0.9% in the second quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock valued at $210,000 after buying an additional 28 shares in the last quarter. Hanseatic Management Services Inc. increased its holdings in shares of Oshkosh Corp by 0.3% in the second quarter. Hanseatic Management Services Inc. now owns 15,738 shares of the company’s stock valued at $1,084,000 after buying an additional 41 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Oshkosh Corp by 1.2% in the second quarter. M&T Bank Corp now owns 5,135 shares of the company’s stock valued at $353,000 after buying an additional 61 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Oshkosh Corp by 3.5% in the second quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock valued at $140,000 after buying an additional 68 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC increased its holdings in shares of Oshkosh Corp by 4.7% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,250 shares of the company’s stock valued at $155,000 after buying an additional 100 shares in the last quarter. 94.35% of the stock is currently owned by institutional investors.
About Oshkosh Corp
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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