Oshkosh Corp (NYSE:OSK) – KeyCorp increased their FY2018 earnings per share estimates for shares of Oshkosh in a note issued to investors on Thursday. KeyCorp analyst S. Barger now anticipates that the company will earn $4.93 per share for the year, up from their prior estimate of $4.64. KeyCorp has a “Overweight” rating and a $100.00 price target on the stock. KeyCorp also issued estimates for Oshkosh’s FY2019 earnings at $5.62 EPS.
OSK has been the topic of several other research reports. Citigroup increased their price objective on shares of Oshkosh from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. SunTrust Banks increased their price objective on shares of Oshkosh to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Robert W. Baird reiterated a “buy” rating and set a $93.00 price objective on shares of Oshkosh in a research note on Thursday, October 12th. Deutsche Bank reiterated a “hold” rating and set a $86.00 price objective (up previously from $80.00) on shares of Oshkosh in a research note on Monday, October 9th. Finally, ValuEngine lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $93.77.
Oshkosh (NYSE:OSK) last released its quarterly earnings data on Tuesday, October 31st. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.36. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.90 billion. Oshkosh had a net margin of 4.18% and a return on equity of 15.14%. Oshkosh’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc acquired a new position in shares of Oshkosh during the third quarter valued at approximately $208,000. Zacks Investment Management acquired a new position in shares of Oshkosh during the second quarter valued at approximately $247,000. Koch Industries Inc. acquired a new position in shares of Oshkosh during the second quarter valued at approximately $264,000. HighTower Advisors LLC increased its stake in shares of Oshkosh by 5.5% during the second quarter. HighTower Advisors LLC now owns 3,849 shares of the company’s stock valued at $264,000 after acquiring an additional 201 shares during the period. Finally, ARP Americas LLC increased its stake in shares of Oshkosh by 23.4% during the third quarter. ARP Americas LLC now owns 3,687 shares of the company’s stock valued at $304,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s stock.
In related news, SVP Bradley M. Nelson sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.86, for a total transaction of $628,950.00. Following the transaction, the senior vice president now owns 18,908 shares in the company, valued at $1,585,624.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Colleen R. Moynihan sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $87.62, for a total transaction of $350,480.00. Following the transaction, the vice president now owns 7,347 shares in the company, valued at approximately $643,744.14. The disclosure for this sale can be found here. Insiders sold 115,153 shares of company stock worth $9,953,433 in the last 90 days. 1.60% of the stock is owned by company insiders.
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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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