Oshkosh Corporation (NYSE:OSK) Short Interest Update

Oshkosh Corporation (NYSE:OSK) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,964,358 shares, a decrease of 15.9% from the February 26th total of 2,335,552 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily volume of 678,244 shares, the short-interest ratio is presently 2.9 days.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley reduced their price objective on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 3rd. Truist Financial set a $183.00 price target on shares of Oshkosh in a research report on Friday, January 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a report on Thursday, January 22nd. Zacks Research upgraded shares of Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and an average target price of $165.31.

Insider Transactions at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the completion of the sale, the senior vice president owned 13,577 shares of the company’s stock, valued at approximately $2,295,463.39. The trade was a 22.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC lifted its stake in shares of Oshkosh by 80.8% during the 4th quarter. Hsbc Holdings PLC now owns 38,672 shares of the company’s stock valued at $4,870,000 after buying an additional 17,282 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Oshkosh by 40.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 14,639 shares of the company’s stock worth $1,839,000 after buying an additional 4,243 shares in the last quarter. Advisortrust Partners LLC purchased a new stake in Oshkosh in the 4th quarter worth $308,000. Groupama Asset Managment raised its holdings in Oshkosh by 1.7% during the fourth quarter. Groupama Asset Managment now owns 5,409 shares of the company’s stock valued at $680,000 after acquiring an additional 93 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in Oshkosh by 1,845.7% during the fourth quarter. Pacer Advisors Inc. now owns 227,788 shares of the company’s stock valued at $28,617,000 after acquiring an additional 216,081 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Down 0.1%

NYSE OSK opened at $140.19 on Monday. Oshkosh has a 52 week low of $76.82 and a 52 week high of $180.49. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $8.77 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 0.72 and a beta of 1.37. The stock’s 50-day moving average price is $158.71 and its 200-day moving average price is $140.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.58 earnings per share. On average, equities research analysts predict that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.57 per share. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, February 17th. Oshkosh’s payout ratio is presently 22.75%.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.