Oshkosh Corporation (NYSE:OSK) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, October 25th.
A number of other research analysts have also recently commented on OSK. Citigroup Inc. upped their target price on shares of Oshkosh Corporation from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Robert W. Baird reaffirmed a “buy” rating and set a $93.00 price target on shares of Oshkosh Corporation in a report on Thursday, October 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a $86.00 price target (up from $80.00) on shares of Oshkosh Corporation in a report on Monday, October 9th. Zacks Investment Research raised 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. Finally, KeyCorp reaffirmed a “buy” rating and set a $85.00 price target on shares of Oshkosh Corporation in a report on Sunday, September 17th. Five investment 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 stock presently has an average rating of “Buy” and an average target price of $92.85.
Shares of Oshkosh Corporation (NYSE OSK) traded up $1.04 during trading hours on Wednesday, hitting $84.90. 519,900 shares of the stock traded hands, compared to its average volume of 686,079. The firm has a market capitalization of $6,275.20, a P/E ratio of 19.78, a PEG ratio of 1.12 and a beta of 1.87. The company has a quick ratio of 1.09, a current ratio of 1.81 and a debt-to-equity ratio of 0.35. Oshkosh Corporation has a 52 week low of $61.74 and a 52 week high of $94.16.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.36. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.90 billion. Oshkosh Corporation had a return on equity of 15.14% and a net margin of 4.18%. Oshkosh Corporation’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. sell-side analysts expect that Oshkosh Corporation will post 4.51 earnings per share for the current fiscal year.
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In other news, VP Colleen R. Moynihan sold 5,259 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $88.19, for a total transaction of $463,791.21. Following the completion of the sale, the vice president now owns 4,647 shares in the company, valued at $409,818.93. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Colleen R. Moynihan sold 4,000 shares of the business’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 value of $350,480.00. Following the completion of the sale, the vice president now owns 7,347 shares of the company’s stock, valued at $643,744.14. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSK. Invictus RG acquired a new position in shares of Oshkosh Corporation during the first quarter worth $133,000. Advisors Asset Management Inc. increased its holdings in Oshkosh Corporation 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 purchasing an additional 68 shares during the period. Paradigm Asset Management Co. LLC increased its holdings in Oshkosh Corporation 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 purchasing an additional 100 shares during the period. ARP Americas LLC acquired a new stake in Oshkosh Corporation in the second quarter valued at $206,000. Finally, CIBC Asset Management Inc acquired a new stake in Oshkosh Corporation in the third quarter valued at $208,000. Hedge funds and other institutional investors own 93.92% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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