Oshkosh Corp (OSK) Given Consensus Rating of “Hold” by Analysts

Oshkosh Corp (OSK) Given Consensus Rating of “Hold” by Analysts

Shares of Oshkosh Corp (NYSE:OSK) have received an average recommendation of “Hold” from the fourteen research firms that are currently covering the stock. Eight investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $69.70.

A number of research analysts recently weighed in on OSK shares. Zacks Investment Research upgraded shares of Oshkosh Corp from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Saturday, April 8th. Royal Bank of Canada increased their price objective on shares of Oshkosh Corp from $74.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Jefferies Group LLC increased their price objective on shares of Oshkosh Corp from $78.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Seaport Global Securities upgraded shares of Oshkosh Corp from an “accumulate” rating to a “buy” rating in a research report on Wednesday, February 1st. Finally, Barrington Research increased their price objective on shares of Oshkosh Corp from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, April 27th.

Oshkosh Corp (NYSE:OSK) traded down 0.28% during midday trading on Monday, reaching $67.59. 612,881 shares of the company’s stock traded hands. The firm’s 50-day moving average is $69.00 and its 200 day moving average is $66.83. Oshkosh Corp has a 52-week low of $44.01 and a 52-week high of $75.00. The firm has a market cap of $5.06 billion, a PE ratio of 24.22 and a beta of 1.75.

Oshkosh Corp (NYSE:OSK) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.62 billion. Oshkosh Corp had a net margin of 3.54% and a return on equity of 12.27%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Equities research analysts expect that Oshkosh Corp will post $3.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 12th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, May 10th. This represents a $0.84 dividend on an annualized basis and a yield of 1.24%. Oshkosh Corp’s dividend payout ratio is currently 28.28%.

In other Oshkosh Corp news, insider Wilson R. Jones sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $69.00, for a total transaction of $2,415,000.00. Following the completion of the sale, the insider now directly owns 142,623 shares of the company’s stock, valued at $9,840,987. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David M. Sagehorn sold 47,800 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $71.20, for a total transaction of $3,403,360.00. Following the sale, the vice president now directly owns 131,616 shares of the company’s stock, valued at $9,371,059.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,346 shares of company stock valued at $7,713,667. 2.00% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Oshkosh Corp by 48.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,855 shares of the company’s stock worth $120,000 after buying an additional 603 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Oshkosh Corp during the fourth quarter worth approximately $121,000. Advisors Asset Management Inc. boosted its stake in shares of Oshkosh Corp by 9.5% in the first quarter. Advisors Asset Management Inc. now owns 1,971 shares of the company’s stock worth $135,000 after buying an additional 171 shares in the last quarter. James Investment Research Inc. acquired a new stake in shares of Oshkosh Corp during the first quarter worth approximately $144,000. Finally, US Bancorp DE boosted its stake in shares of Oshkosh Corp by 8.2% in the third quarter. US Bancorp DE now owns 3,412 shares of the company’s stock worth $191,000 after buying an additional 258 shares in the last quarter. 94.60% of the stock is owned by institutional investors and hedge funds.

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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