Oshkosh Corp. (NYSE:OSK) had its target price cut by research analysts at Stifel Nicolaus from $63.00 to $61.00 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 19.89% from the company’s current price.
Several other research analysts have also weighed in on the company. Bank of America Corp. raised Oshkosh Corp. from a “neutral” rating to a “buy” rating in a research report on Thursday, August 18th. Deutsche Bank AG initiated coverage on Oshkosh Corp. in a research note on Tuesday, September 6th. They set a “buy” rating and a $62.00 target price for the company. Jefferies Group reiterated a “buy” rating and set a $53.00 target price on shares of Oshkosh Corp. in a research note on Tuesday, June 7th. Royal Bank Of Canada upgraded 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 research note on Friday, July 29th. Finally, Credit Suisse Group AG upgraded Oshkosh Corp. from an “underperform” rating to a “neutral” rating in a research note on Monday. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $52.40.
Oshkosh Corp. (NYSE:OSK) opened at 50.88 on Monday. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 18.66 and a beta of 1.98. Oshkosh Corp. has a 1-year low of $29.59 and a 1-year high of $57.75. The firm’s 50-day moving average price is $54.55 and its 200 day moving average price is $47.16.
Oshkosh Corp. (NYSE:OSK) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.13. The firm 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 business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 EPS. On average, analysts predict that Oshkosh Corp. will post $2.78 EPS for the current year.
The firm 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 was Thursday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.49%. Oshkosh Corp.’s dividend payout ratio (DPR) is currently 27.94%.
In other news, VP Mark M. Radue sold 3,133 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $54.37, for a total transaction of $170,341.21. Following the completion of the transaction, the vice president now owns 41,105 shares of the company’s stock, valued at approximately $2,234,878.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP R Scott Grennier sold 1,000 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $54.78, for a total value of $54,780.00. Following the transaction, the vice president now directly owns 6,336 shares of the company’s stock, valued at approximately $347,086.08. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors L.L.C. boosted its position in Oshkosh Corp. by 38.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 120,000 shares of the company’s stock worth $4,904,000 after buying an additional 33,600 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Oshkosh Corp. by 25.5% in the first quarter. TIAA CREF Investment Management LLC now owns 139,338 shares of the company’s stock worth $5,695,000 after buying an additional 28,303 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of Oshkosh Corp. by 13.7% in the first quarter. Teachers Advisors Inc. now owns 130,955 shares of the company’s stock worth $5,352,000 after buying an additional 15,739 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Oshkosh Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 360,422 shares of the company’s stock worth $14,731,000 after buying an additional 12,499 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Oshkosh Corp. by 18.5% in the first quarter. BlackRock Inc. now owns 34,427 shares of the company’s stock worth $1,407,000 after buying an additional 5,383 shares during the last quarter. 95.60% of the stock is owned by institutional investors.
About Oshkosh Corp.
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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