Oshkosh Corporation (OSK) Gains “Outperform” Rating from RBC Capital Markets

Oshkosh Corporation (OSK) Gains “Outperform” Rating from RBC Capital Markets

RBC Capital Markets reaffirmed their outperform rating on shares of Oshkosh Corporation (NYSE:OSK) in a research note released on Friday morning. The brokerage currently has a $79.00 target price on the stock, up from their previous target price of $74.00.

Several other brokerages have also recently issued reports on OSK. Royal Bank Of Canada raised their target price on shares of Oshkosh Corporation from $74.00 to $79.00 and gave the stock an outperform rating in a report on Friday, January 27th. J P Morgan Chase & Co cut shares of Oshkosh Corporation from an overweight rating to a neutral rating and raised their target price for the stock from $60.00 to $68.00 in a report on Friday, December 9th. Longbow Research cut shares of Oshkosh Corporation from a buy rating to a neutral rating in a report on Tuesday, December 6th. They noted that the move was a valuation call. KeyCorp raised their target price on shares of Oshkosh Corporation from $59.00 to $75.00 and gave the stock an overweight rating in a report on Tuesday, November 29th. Finally, Bank of America Corporation cut shares of Oshkosh Corporation from a buy rating to a neutral rating and set a $62.00 target price on the stock. in a report on Thursday, November 17th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $65.29.

Oshkosh Corporation (NYSE:OSK) opened at 69.63 on Friday. The company has a market cap of $5.20 billion, a PE ratio of 23.39 and a beta of 1.78. The stock has a 50 day moving average of $68.08 and a 200 day moving average of $59.63. Oshkosh Corporation has a 12-month low of $29.75 and a 12-month high of $74.16.

Oshkosh Corporation (NYSE:OSK) last issued its earnings results on Thursday, January 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.14. Oshkosh Corporation had a net margin of 3.54% and a return on equity of 12.27%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Equities analysts expect that Oshkosh Corporation will post $3.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 27th. Shareholders of record on Monday, February 13th will be issued a $0.21 dividend. The ex-dividend date is Thursday, February 9th. This represents a $0.84 dividend on an annualized basis and a yield of 1.21%. Oshkosh Corporation’s dividend payout ratio is currently 28.28%.

In other news, Director Craig P. Omtvedt sold 2,300 shares of the business’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $70.00, for a total value of $161,000.00. Following the sale, the director now directly owns 28,392 shares in the company, valued at approximately $1,987,440. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Colleen R. Moynihan sold 13,316 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $62.80, for a total transaction of $836,244.80. Following the completion of the sale, the vice president now owns 8,431 shares in the company, valued at $529,466.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,603 shares of company stock worth $6,364,409. 2.00% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in Oshkosh Corporation by 1.1% in the second quarter. US Bancorp DE now owns 3,154 shares of the company’s stock worth $150,000 after buying an additional 34 shares in the last quarter. Whittier Trust Co. boosted its position in Oshkosh Corporation by 1.2% in the second quarter. Whittier Trust Co. now owns 7,989 shares of the company’s stock worth $381,000 after buying an additional 97 shares in the last quarter. 1st Global Advisors Inc. boosted its position in Oshkosh Corporation by 3.0% in the third quarter. 1st Global Advisors Inc. now owns 4,431 shares of the company’s stock worth $248,000 after buying an additional 131 shares in the last quarter. Calvert Investment Management Inc. boosted its position in Oshkosh Corporation by 2.7% in the second quarter. Calvert Investment Management Inc. now owns 5,930 shares of the company’s stock worth $283,000 after buying an additional 154 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its position in Oshkosh Corporation by 0.7% in the third quarter. State Treasurer State of Michigan now owns 29,600 shares of the company’s stock worth $1,658,000 after buying an additional 200 shares in the last quarter. 93.58% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Corporation Company Profile

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.

Related posts

Leave a Comment