Oshkosh Corporation (OSK) Given Consensus Rating of “Buy” by Analysts
Shares of Oshkosh Corporation (NYSE:OSK) have received an average rating of “Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $74.91.
A number of research analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $85.00 price target (up previously from $80.00) on shares of Oshkosh Corporation in a report on Wednesday. BidaskClub raised shares of Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $85.00 price target on shares of Oshkosh Corporation in a report on Thursday, June 8th. Deutsche Bank AG increased their price target on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of Oshkosh Corporation from a “buy” rating to a “hold” rating in a report on Wednesday.
Oshkosh Corporation (OSK) opened at 73.97 on Friday. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 21.95 and a beta of 1.81. The stock has a 50 day moving average price of $69.99 and a 200-day moving average price of $68.55. Oshkosh Corporation has a 12-month low of $50.77 and a 12-month high of $77.20.
Oshkosh Corporation (NYSE:OSK) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.84 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm earned $1.13 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts predict that Oshkosh Corporation will post $3.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio (DPR) is presently 25.07%.
In other news, VP R Scott Grennier sold 4,883 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $74.40, for a total transaction of $363,295.20. Following the transaction, the vice president now directly owns 4,912 shares of the company’s stock, valued at $365,452.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Frank R. Nerenhausen sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $75.81, for a total transaction of $379,050.00. Following the transaction, the executive vice president now directly owns 34,918 shares in the company, valued at $2,647,133.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,533 shares of company stock worth $3,810,466. Corporate insiders own 2.00% of the company’s stock.
Several institutional investors have recently modified their holdings of OSK. BlackRock Inc. raised its position in shares of Oshkosh Corporation by 5,532.7% in the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock worth $441,107,000 after buying an additional 6,316,906 shares during the period. JPMorgan Chase & Co. raised its position in shares of Oshkosh Corporation by 85.0% in the second quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after buying an additional 1,063,971 shares during the period. AQR Capital Management LLC raised its position in shares of Oshkosh Corporation by 54.3% in the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock worth $202,350,000 after buying an additional 1,037,968 shares during the period. Vanguard Group Inc. raised its position in shares of 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 during the period. Finally, Prudential Financial Inc. raised its position in shares of Oshkosh Corporation by 194.2% in the first quarter. Prudential Financial Inc. now owns 890,505 shares of the company’s stock worth $61,080,000 after buying an additional 587,822 shares during the period. 95.09% of the stock is currently owned by institutional investors and hedge funds.
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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