Oshkosh Corp. (OSK) Shares Gap Up to $53.32
Oshkosh Corp. (NYSE:OSK)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $52.60, but opened at $53.32. Oshkosh Corp. shares last traded at $54.33, with a volume of 521,493 shares trading hands.
Several research firms have commented on OSK. Zacks Investment Research lowered Oshkosh Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 14th. Bank of America Corp. upgraded Oshkosh Corp. from an “underperform” rating to a “neutral” rating in a research note on Friday, April 29th. Barrington Research boosted their price objective on Oshkosh Corp. from $54.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Jefferies Group reiterated a “buy” rating and set a $53.00 price objective on shares of Oshkosh Corp. in a research note on Tuesday, June 7th. Finally, Drexel Hamilton reiterated a “hold” rating on shares of Oshkosh Corp. in a research note on Tuesday, May 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Oshkosh Corp. has an average rating of “Buy” and a consensus price target of $49.50.
The company’s 50-day moving average price is $50.66 and its 200-day moving average price is $43.35. The firm has a market cap of $4.01 billion and a PE ratio of 20.00.
Oshkosh Corp. (NYSE:OSK) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.13. During the same period last year, the business earned $1.13 earnings per share. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.61 billion. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities analysts anticipate that Oshkosh Corp. will post $2.77 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Monday, August 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.39%.
In other news, Director Richard M. Donnelly sold 900 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $45.39, for a total transaction of $40,851.00. Following the completion of the transaction, the director now directly owns 31,454 shares of the company’s stock, valued at approximately $1,427,697.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David M. Sagehorn sold 49,495 shares of the firm’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 transaction, the vice president now directly owns 111,113 shares of the company’s stock, valued at $6,014,546.69. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Oshkosh Corp. stock. Suntrust Banks Inc. boosted its position in Oshkosh Corp. (NYSE:OSK) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,198 shares of the company’s stock after buying an additional 3,052 shares during the period. Suntrust Banks Inc. owned 0.05% of Oshkosh Corp. worth $1,568,000 at the end of the most recent reporting period.
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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