R Scott Grennier Sells 4,883 Shares of Oshkosh Corporation (NYSE:OSK) Stock
Oshkosh Corporation (NYSE:OSK) VP R Scott Grennier sold 4,883 shares of Oshkosh Corporation stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $74.40, for a total transaction of $363,295.20. Following the sale, the vice president now directly owns 4,912 shares in the company, valued at approximately $365,452.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Oshkosh Corporation (OSK) traded down 0.11% during midday trading on Friday, reaching $73.97. 368,053 shares of the company traded hands. The company has a 50 day moving average price of $69.78 and a 200-day moving average price of $68.52. The stock has a market capitalization of $5.54 billion, a P/E ratio of 21.95 and a beta of 1.81. Oshkosh Corporation has a one year low of $50.77 and a one year high of $77.20.
Oshkosh Corporation (NYSE:OSK) last issued its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the business earned $1.13 EPS. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts forecast that Oshkosh Corporation will post $3.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio is currently 25.07%.
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Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Oshkosh Corporation by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 1,252,345 shares of the company’s stock worth $85,898,000 after buying an additional 142,745 shares in the last quarter. Martingale Asset Management L P purchased a new stake in Oshkosh Corporation during the first quarter worth $3,133,000. Alliancebernstein L.P. boosted its stake in Oshkosh Corporation by 4.4% in the first quarter. Alliancebernstein L.P. now owns 4,279,772 shares of the company’s stock worth $293,550,000 after buying an additional 178,674 shares in the last quarter. Systematic Financial Management LP boosted its stake in Oshkosh Corporation by 256.6% in the first quarter. Systematic Financial Management LP now owns 412,646 shares of the company’s stock worth $28,303,000 after buying an additional 296,941 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Oshkosh Corporation by 16.8% in the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock worth $464,212,000 after buying an additional 973,348 shares in the last quarter. Institutional investors and hedge funds own 95.09% of the company’s stock.
OSK has been the topic of a number of research reports. ValuEngine raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Barrington Research lifted their target price on shares of Oshkosh Corporation from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Royal Bank Of Canada lifted their target price on shares of Oshkosh Corporation from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $85.00 target price on shares of Oshkosh Corporation in a research note on Thursday, July 13th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $75.67.
About Oshkosh Corporation
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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