Oshkosh (NYSE:OSK) Trading Down 0.7%

Oshkosh Corp (NYSE:OSK) traded down 0.7% during trading on Thursday . The stock traded as low as $68.28 and last traded at $68.33, 7,016 shares were traded during mid-day trading. A decline of 99% from the average session volume of 710,956 shares. The stock had previously closed at $68.81.

Several research analysts recently commented on the company. ValuEngine downgraded Oshkosh from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Evercore ISI raised Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 price objective for the company in a research note on Thursday, August 1st. UBS Group assumed coverage on Oshkosh in a research note on Tuesday, April 23rd. They issued a “neutral” rating and a $85.00 target price for the company. Citigroup cut their target price on Oshkosh from $95.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Thursday, July 11th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Oshkosh presently has a consensus rating of “Hold” and a consensus target price of $82.55.

The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 0.76 and a beta of 1.95. The business has a 50 day simple moving average of $80.81 and a 200-day simple moving average of $78.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 1.99.



Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, August 1st. The company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.35. Oshkosh had a return on equity of 22.70% and a net margin of 7.04%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the company earned $2.20 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts predict that Oshkosh Corp will post 8.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, August 16th. Oshkosh’s dividend payout ratio is presently 16.98%.

In other news, VP James W. Johnson sold 11,029 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $76.05, for a total transaction of $838,755.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Oshkosh during the first quarter valued at $205,000. Sciencast Management LP raised its stake in shares of Oshkosh by 11.4% during the first quarter. Sciencast Management LP now owns 3,900 shares of the company’s stock valued at $306,000 after acquiring an additional 400 shares during the last quarter. Alpha Windward LLC bought a new position in shares of Oshkosh during the first quarter valued at $451,000. Meeder Asset Management Inc. raised its stake in shares of Oshkosh by 20.6% during the first quarter. Meeder Asset Management Inc. now owns 17,987 shares of the company’s stock valued at $1,351,000 after acquiring an additional 3,074 shares during the last quarter. Finally, Gemmer Asset Management LLC raised its stake in shares of Oshkosh by 99.6% during the first quarter. Gemmer Asset Management LLC now owns 563 shares of the company’s stock valued at $42,000 after acquiring an additional 281 shares during the last quarter. Institutional investors and hedge funds own 89.87% of the company’s stock.

Oshkosh Company Profile (NYSE:OSK)

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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