Oshkosh Co. (NYSE:OSK) Short Interest Update

Oshkosh Co. (NYSE:OSK) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,470,000 shares, an increase of 25.6% from the October 31st total of 1,170,000 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 551,500 shares, the days-to-cover ratio is presently 2.7 days.

Oshkosh Price Performance

Shares of NYSE OSK traded down $1.46 during midday trading on Monday, reaching $112.15. 386,005 shares of the company traded hands, compared to its average volume of 505,082. Oshkosh has a 12 month low of $93.34 and a 12 month high of $127.98. The firm has a market cap of $7.30 billion, a PE ratio of 10.89, a PEG ratio of 1.11 and a beta of 1.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The stock’s 50-day simple moving average is $106.07 and its 200-day simple moving average is $106.51.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. As a group, equities analysts anticipate that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.64%. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Institutional Trading of Oshkosh

Hedge funds and other institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in shares of Oshkosh in the third quarter valued at $25,000. Brooklyn Investment Group acquired a new stake in Oshkosh in the third quarter worth about $34,000. Versant Capital Management Inc increased its position in Oshkosh by 5,563.6% in the second quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after purchasing an additional 612 shares during the period. Eagle Bay Advisors LLC increased its position in Oshkosh by 547.6% in the second quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock worth $72,000 after purchasing an additional 564 shares during the period. Finally, GAMMA Investing LLC increased its position in Oshkosh by 26.2% in the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock worth $79,000 after purchasing an additional 152 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Truist Financial cut their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Robert W. Baird cut their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, Evercore ISI cut their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $123.14.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.