Evercore ISI upgraded shares of Oshkosh (NYSE:OSK) from an in-line rating to an outperform rating in a research note released on Thursday morning, BenzingaRatingsTable reports. They currently have $79.00 target price on the stock.
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Oshkosh from a hold rating to a buy rating and set a $88.00 price objective for the company in a report on Thursday, July 11th. UBS Group began coverage on shares of Oshkosh in a report on Tuesday, April 23rd. They issued a neutral rating and a $85.00 price objective for the company. Citigroup boosted their price objective on shares of Oshkosh from $85.00 to $95.00 and gave the stock a buy rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lowered shares of Oshkosh from an overweight rating to a neutral rating and boosted their price objective for the stock from $80.00 to $85.00 in a report on Wednesday, May 1st. Four analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $83.18.
Shares of OSK traded down $1.56 during mid-day trading on Thursday, reaching $74.73. The company had a trading volume of 7,170 shares, compared to its average volume of 657,151. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.03. The stock’s 50-day moving average is $82.77. Oshkosh has a 52 week low of $51.42 and a 52 week high of $86.45. The stock has a market capitalization of $5.21 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 0.83 and a beta of 1.95.
Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, August 1st. The company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.35. Oshkosh had a net margin of 7.04% and a return on equity of 22.70%. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the business earned $2.20 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, research analysts anticipate that Oshkosh will post 8.04 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, August 16th. This represents a $1.08 dividend on an annualized basis and a yield of 1.45%. Oshkosh’s dividend payout ratio is presently 16.98%.
In other Oshkosh news, VP James W. Johnson sold 11,029 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $76.05, for a total transaction of $838,755.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. Personal Wealth Partners bought a new position in Oshkosh in the 2nd quarter worth $25,000. FinTrust Capital Advisors LLC boosted its holdings in Oshkosh by 1,128.6% in the 1st quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock worth $26,000 after buying an additional 316 shares during the period. Gemmer Asset Management LLC boosted its holdings in Oshkosh by 99.6% in the 1st quarter. Gemmer Asset Management LLC now owns 563 shares of the company’s stock worth $42,000 after buying an additional 281 shares during the period. Machina Capital S.A.S. boosted its holdings in Oshkosh by 255.9% in the 2nd quarter. Machina Capital S.A.S. now owns 573 shares of the company’s stock worth $48,000 after buying an additional 412 shares during the period. Finally, NEXT Financial Group Inc bought a new position in Oshkosh in the 2nd quarter worth $54,000. Hedge funds and other institutional investors own 88.21% of the company’s stock.
Oshkosh Company Profile
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.
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