Oshkosh Co. Announces Quarterly Dividend of $0.46 (NYSE:OSK)

Oshkosh Co. (NYSE:OSK) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 13th will be paid a dividend of 0.46 per share on Tuesday, May 28th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, May 10th.

Oshkosh has increased its dividend payment by an average of 10.1% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Oshkosh has a payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Oshkosh to earn $11.78 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 15.6%.

Oshkosh Trading Up 0.3 %

Oshkosh stock opened at $116.88 on Thursday. Oshkosh has a 12-month low of $72.09 and a 12-month high of $127.98. The stock has a market capitalization of $7.64 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.20 and a beta of 1.30. The firm has a 50 day simple moving average of $118.50 and a 200-day simple moving average of $108.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the business posted $1.59 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts expect that Oshkosh will post 11.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a report on Friday, February 2nd. TheStreet raised shares of Oshkosh from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Evercore ISI increased their price target on Oshkosh from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Truist Financial upped their price target on Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.50.

Insider Buying and Selling

In other news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the transaction, the senior vice president now owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.58% of the stock is currently owned by corporate insiders.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.