Oshkosh Corporation (NYSE:OSK) Short Interest Down 25.7% in February

Oshkosh Corporation (NYSE:OSK) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 2,335,552 shares, a decrease of 25.7% from the February 12th total of 3,142,434 shares. Based on an average daily volume of 755,577 shares, the short-interest ratio is currently 3.1 days. Approximately 3.8% of the shares of the company are short sold. Approximately 3.8% of the shares of the company are short sold. Based on an average daily volume of 755,577 shares, the short-interest ratio is currently 3.1 days.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OSK. Barclays initiated coverage on shares of Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 target price for the company. Truist Financial set a $183.00 price target on Oshkosh in a report on Friday, January 30th. DA Davidson raised their price objective on Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Citigroup lifted their price objective on Oshkosh from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Finally, Robert W. Baird set a $182.00 price objective on Oshkosh in a research report on Friday, January 30th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and an average target price of $165.31.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total value of $676,280.00. Following the sale, the senior vice president directly owned 13,577 shares in the company, valued at $2,295,463.39. This trade represents a 22.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

Institutional Trading of Oshkosh

Large investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. acquired a new position in Oshkosh during the third quarter worth $26,000. Blue Trust Inc. boosted its stake in shares of Oshkosh by 471.1% in the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after purchasing an additional 179 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Oshkosh by 3,014.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after purchasing an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Oshkosh in the 3rd quarter worth about $29,000. Finally, Torren Management LLC acquired a new stake in shares of Oshkosh during the 4th quarter worth about $30,000. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Price Performance

NYSE OSK traded down $2.62 on Friday, reaching $147.24. The company’s stock had a trading volume of 492,368 shares, compared to its average volume of 692,004. Oshkosh has a 52 week low of $76.82 and a 52 week high of $180.49. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The firm has a market cap of $9.21 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 0.76 and a beta of 1.37. The business has a 50-day moving average price of $159.27 and a 200 day moving average price of $140.54.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.58 EPS. Sell-side analysts expect that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were given a dividend of $0.57 per share. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, February 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.5%. Oshkosh’s dividend payout ratio is 22.75%.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.