Oshkosh Corp. (NYSE:OSK) had its target price decreased by stock analysts at Deutsche Bank AG from $62.00 to $60.00 in a report released on Monday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 12.32% from the company’s previous close.
A number of other research analysts have also commented on the company. Bank of America Corp. raised Oshkosh Corp. from a “neutral” rating to a “buy” rating in a report on Thursday, August 18th. Credit Suisse Group AG raised Oshkosh Corp. from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $50.00 to $54.00 in a report on Monday. Jefferies Group reaffirmed a “buy” rating and set a $53.00 target price on shares of Oshkosh Corp. in a report on Tuesday, June 7th. Royal Bank Of Canada raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $46.00 to $63.00 in a report on Friday, July 29th. Finally, RBC Capital Markets raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $46.00 to $63.00 in a report on Friday, July 29th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $54.94.
Oshkosh Corp. (NYSE:OSK) opened at 53.42 on Monday. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 19.59 and a beta of 1.98. Oshkosh Corp. has a 12-month low of $29.59 and a 12-month high of $57.75. The firm has a 50-day moving average of $54.49 and a 200-day moving average of $47.54.
Oshkosh Corp. (NYSE:OSK) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.13. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.61 billion. Oshkosh Corp. had a return on equity of 11.02% and a net margin of 3.36%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $1.13 earnings per share. Equities research analysts forecast that Oshkosh Corp. will post $2.90 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 15th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.42%. Oshkosh Corp.’s dividend payout ratio is 27.94%.
In other news, EVP Gregory L. Fredericksen sold 14,333 shares of Oshkosh Corp. stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $53.74, for a total transaction of $770,255.42. Following the completion of the sale, the executive vice president now directly owns 55,509 shares in the company, valued at approximately $2,983,053.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David M. Sagehorn sold 49,495 shares of Oshkosh Corp. stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $54.13, for a total value of $2,679,164.35. Following the sale, the vice president now owns 111,113 shares of the company’s stock, valued at $6,014,546.69. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
Several large investors have recently made changes to their positions in OSK. BlackRock Japan Co. Ltd purchased a new stake in shares of Oshkosh Corp. during the second quarter valued at about $127,000. US Bancorp DE raised its stake in shares of Oshkosh Corp. by 1.1% in the second quarter. US Bancorp DE now owns 3,154 shares of the company’s stock valued at $150,000 after buying an additional 34 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Oshkosh Corp. during the second quarter valued at about $201,000. 1st Global Advisors Inc. purchased a new stake in shares of Oshkosh Corp. during the second quarter valued at about $205,000. Finally, Oarsman Capital Inc. bought a new stake in Oshkosh Corp. during the second quarter valued at $208,000. Institutional investors and hedge funds own 95.60% of the company’s stock.
Oshkosh Corp. Company Profile
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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