Oshkosh Corp. (NYSE:OSK) was upgraded by stock analysts at Credit Suisse Group AG from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. The firm currently has a $54.00 price target on the stock, up from their prior price target of $50.00. Credit Suisse Group AG’s target price points to a potential upside of 1.09% from the stock’s previous close.
A number of other brokerages have also commented on OSK. Bank of America Corp. set a $62.00 price objective on Oshkosh Corp. and gave the stock a “buy” rating in a report on Saturday, September 17th. Deutsche Bank AG began coverage on Oshkosh Corp. in a report on Tuesday, September 6th. They set a “buy” rating and a $62.00 price objective for the company. Barrington Research boosted their price objective on Oshkosh Corp. from $54.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Stifel Nicolaus boosted their price objective on Oshkosh Corp. from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Royal Bank Of Canada raised Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and boosted their price objective 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 issued a buy rating to the company’s stock. Oshkosh Corp. presently has a consensus rating of “Buy” and an average price target of $54.94.
Oshkosh Corp. (NYSE:OSK) opened at 53.42 on Monday. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 19.59 and a beta of 1.98. The stock’s 50 day moving average price is $54.49 and its 200-day moving average price is $47.54. Oshkosh Corp. has a 52 week low of $29.59 and a 52 week high of $57.75.
Oshkosh Corp. (NYSE:OSK) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.13. The firm earned $1.75 billion during 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 revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. On average, equities research analysts forecast that Oshkosh Corp. will post $2.90 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 29th. Shareholders 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 yield of 1.42%. Oshkosh Corp.’s payout ratio is 27.94%.
In other news, VP R Scott Grennier sold 6,430 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $54.12, for a total value of $347,991.60. Following the transaction, the vice president now owns 14,366 shares of the company’s stock, valued at $777,487.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Mark M. Radue sold 3,133 shares of the company’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 directly owns 41,105 shares in the company, valued at approximately $2,234,878.85. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OSK. BlackRock Japan Co. Ltd purchased a new position in Oshkosh Corp. during the second quarter valued at $127,000. US Bancorp DE boosted its position in 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 during the last quarter. Pacer Advisors Inc. purchased a new position in Oshkosh Corp. during the second quarter valued at $201,000. 1st Global Advisors Inc. purchased a new position in Oshkosh Corp. during the second quarter valued at $205,000. Finally, Oarsman Capital Inc. purchased a new position in Oshkosh Corp. during the second quarter valued at $208,000. 95.60% of the stock is currently owned by hedge funds and other 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.
Receive News & Ratings for Oshkosh Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh Corp. and related companies with MarketBeat.com's FREE daily email newsletter.