Oshkosh Corp. (OSK) Sets New 52-Week High at $57.75
Oshkosh Corp. (NYSE:OSK) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.75 and last traded at $57.01, with a volume of 367,177 shares trading hands. The stock had previously closed at $55.90.
OSK has been the subject of several analyst reports. Bank of America Corp. raised Oshkosh Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday, August 18th. Deutsche Bank AG initiated coverage on Oshkosh Corp. in a research note on Tuesday, September 6th. They issued a “buy” rating and a $62.00 price objective for the company. Jefferies Group reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Oshkosh Corp. in a research note on Tuesday, June 7th. Royal Bank Of Canada raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $46.00 to $63.00 in a research note on Friday, July 29th. Finally, RBC Capital Markets raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $46.00 to $63.00 in a research note on Friday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Oshkosh Corp. presently has a consensus rating of “Buy” and a consensus price target of $52.53.
The company has a 50-day moving average of $54.46 and a 200-day moving average of $46.93. The stock has a market cap of $4.13 billion, a P/E ratio of 20.59 and a beta of 1.98.
Oshkosh Corp. (NYSE:OSK) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.13. Oshkosh Corp. had a return on equity of 11.02% and a net margin of 3.36%. The company earned $1.75 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the business earned $1.13 EPS. Oshkosh Corp.’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts predict that Oshkosh Corp. will post $2.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 15th were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.76 annualized dividend and a yield of 1.35%. Oshkosh Corp.’s dividend payout ratio (DPR) is currently 27.94%.
In other Oshkosh Corp. news, VP David M. Sagehorn sold 49,495 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $54.13, for a total transaction of $2,679,164.35. Following the completion of the sale, the vice president now directly owns 111,113 shares in the company, valued at approximately $6,014,546.69. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard G. Sim sold 6,700 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $53.69, for a total value of $359,723.00. Following the sale, the director now owns 43,853 shares of the company’s stock, valued at $2,354,467.57. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Prudential Financial Inc. raised its stake in Oshkosh Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 360,422 shares of the company’s stock valued at $14,731,000 after buying an additional 12,499 shares during the period. 1st Global Advisors Inc. purchased a new stake in Oshkosh Corp. during the second quarter valued at approximately $205,000. BlackRock Group LTD raised its stake in Oshkosh Corp. by 22.7% in the first quarter. BlackRock Group LTD now owns 62,747 shares of the company’s stock worth $2,565,000 after buying an additional 11,625 shares during the period. Societe Generale bought a new stake in Oshkosh Corp. during the second quarter worth about $975,000. Finally, Capital Analysts LLC raised its stake in Oshkosh Corp. by 2,995.4% in the second quarter. Capital Analysts LLC now owns 17,644 shares of the company’s stock worth $835,000 after buying an additional 17,074 shares during the period. Institutional investors own 95.60% of the company’s stock.
Oshkosh Corp. Company Profile
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.
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