Oshkosh Corp. (OSK) Sees Strong Trading Volume
Oshkosh Corp. (NYSE:OSK) shares saw unusually-high trading volume on Friday . Approximately 497,434 shares were traded during mid-day 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.
OSK has been the subject of several recent research reports. Bank of America Corp. raised Oshkosh Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday, August 18th. 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 shares of Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $46.00 to $63.00 in a research report on Friday, July 29th. Macquarie began coverage on shares of Oshkosh Corp. in a research report on Monday, May 23rd. They set a “neutral” rating for the company. Finally, RBC Capital Markets raised shares of Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $46.00 to $63.00 in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. Oshkosh Corp. presently has a consensus rating of “Buy” and an average price target of $49.29.
The stock has a 50-day moving average price of $52.58 and a 200 day moving average price of $45.03. The stock has a market cap of $4.03 billion and a P/E ratio of 20.09.
Oshkosh Corp. (NYSE:OSK) last released its earnings results 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. The firm earned $1.75 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the firm earned $1.13 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, equities analysts predict that Oshkosh Corp. will post $2.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 15th were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.39%.
In related news, VP R Scott Grennier sold 6,430 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $54.12, for a total value of $347,991.60. Following the completion of the sale, the vice president now owns 14,366 shares in the company, valued at approximately $777,487.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark M. Radue sold 3,133 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $54.37, for a total value of $170,341.21. Following the completion of the sale, the vice president now owns 41,105 shares of the company’s stock, valued at approximately $2,234,878.85. 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.