Oshkosh Corp. (OSK) Shares Gap Up to $53.32
Oshkosh Corp. (NYSE:OSK) shares 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.
OSK has been the topic of a number of recent analyst reports. Citigroup Inc. lifted their price objective on shares of Oshkosh Corp. from $38.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, April 29th. TheStreet raised shares of Oshkosh Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Jefferies Group reissued a “buy” rating and issued a $53.00 price objective on shares of Oshkosh Corp. in a research note on Tuesday, June 7th. Stifel Nicolaus lifted their price objective on shares of Oshkosh Corp. from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Bank of America Corp. raised shares of Oshkosh Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. Oshkosh Corp. has an average rating of “Buy” and an average target price of $49.50.
The stock has a market cap of $4.01 billion and a price-to-earnings ratio of 20.01. The stock’s 50-day moving average is $50.86 and its 200-day moving average is $43.52.
Oshkosh Corp. (NYSE:OSK) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.13 EPS for the quarter, topping the Zacks’ 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. Oshkosh Corp.’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 EPS. Equities research analysts expect that Oshkosh Corp. will post $2.77 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Monday, August 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 11th.
In related news, EVP Gregory L. Fredericksen sold 14,333 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $53.74, for a total transaction of $770,255.42. Following the transaction, the executive vice president now owns 55,509 shares of the company’s stock, valued at approximately $2,983,053.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joseph H. Kimmitt sold 18,000 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $54.50, for a total transaction of $981,000.00. Following the transaction, the insider now directly owns 61,282 shares in the company, valued at approximately $3,339,869. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Oshkosh Corp. stock. Suntrust Banks Inc. raised its stake in shares of Oshkosh Corp. (NYSE:OSK) by 8.2% during the fourth quarter, according to its most recent 13F 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 quarter.
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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