Oshkosh Corp. (OSK) Sees Large Volume Increase
Oshkosh Corp. (NYSE:OSK) shares saw unusually-strong trading volume on Friday . Approximately 497,434 shares traded hands during trading, a decline of 4% from the previous session’s volume of 516,010 shares.The stock last traded at $54.53 and had previously closed at $54.01.
A number of equities research analysts have recently issued reports on OSK shares. Royal Bank Of Canada raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $46.00 to $63.00 in a research report on Friday, July 29th. Stifel Nicolaus upped their price target on Oshkosh Corp. from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Macquarie initiated coverage on Oshkosh Corp. in a research report on Monday, May 23rd. They set a “neutral” rating on the stock. RBC Capital Markets raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $46.00 to $63.00 in a research report on Friday, July 29th. Finally, Bank of America Corp. raised Oshkosh Corp. from a “neutral” rating to a “buy” rating in a research report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $49.29.
The stock has a 50 day moving average of $52.58 and a 200-day moving average of $45.03. The company has a market capitalization of $4.03 billion and a P/E ratio of 20.09.
Oshkosh Corp. (NYSE:OSK) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.13. The company earned $1.75 billion during the quarter, compared to the consensus estimate of $1.61 billion. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 earnings per share. Analysts expect that Oshkosh Corp. will post $2.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were given a $0.19 dividend. The ex-dividend date was Thursday, August 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.39%.
In related news, VP Mark M. Radue sold 3,133 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $54.37, for a total transaction of $170,341.21. Following the sale, the vice president now owns 41,105 shares of the company’s stock, valued at approximately $2,234,878.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David M. Sagehorn sold 49,495 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $54.13, for a total value of $2,679,164.35. Following the sale, the vice president now directly owns 111,113 shares in the company, valued at approximately $6,014,546.69. The disclosure for this sale can be found here.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.