Shares of Oshkosh Co. (NYSE:OSK – Get Rating) have been given an average rating of “Hold” by the eighteen brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $105.20.
A number of research firms have weighed in on OSK. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Oshkosh from $118.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday, July 13th. Robert W. Baird decreased their target price on shares of Oshkosh from $84.00 to $83.00 and set a “neutral” rating on the stock in a research note on Thursday, July 28th. Argus began coverage on shares of Oshkosh in a research note on Tuesday, July 26th. They set a “hold” rating on the stock. KeyCorp boosted their target price on shares of Oshkosh from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. Finally, TheStreet cut shares of Oshkosh from a “b-” rating to a “c+” rating in a research note on Friday, July 1st.
Oshkosh Stock Down 0.2 %
Shares of OSK opened at $79.40 on Monday. Oshkosh has a one year low of $77.89 and a one year high of $125.16. The company has a market cap of $5.19 billion, a P/E ratio of 44.86, a P/E/G ratio of 1.08 and a beta of 1.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.73 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $83.48 and a two-hundred day simple moving average of $93.05.
Oshkosh (NYSE:OSK – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.53). Oshkosh had a net margin of 1.53% and a return on equity of 4.02%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter in the prior year, the firm earned $2.09 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Research analysts forecast that Oshkosh will post 3.46 EPS for the current fiscal year.
Oshkosh Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 15th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.48 dividend on an annualized basis and a yield of 1.86%. Oshkosh’s dividend payout ratio (DPR) is currently 83.62%.
Institutional Trading of Oshkosh
Several large investors have recently made changes to their positions in OSK. Verition Fund Management LLC grew its stake in Oshkosh by 532.1% in the second quarter. Verition Fund Management LLC now owns 49,334 shares of the company’s stock valued at $4,052,000 after acquiring an additional 41,529 shares during the period. M&G Investment Management Ltd. increased its stake in Oshkosh by 1.0% during the 2nd quarter. M&G Investment Management Ltd. now owns 93,217 shares of the company’s stock valued at $7,644,000 after purchasing an additional 958 shares in the last quarter. Prelude Capital Management LLC bought a new stake in Oshkosh during the 2nd quarter valued at $262,000. Captrust Financial Advisors raised its holdings in Oshkosh by 215.2% during the second quarter. Captrust Financial Advisors now owns 3,817 shares of the company’s stock worth $314,000 after buying an additional 2,606 shares during the last quarter. Finally, Eagle Bay Advisors LLC lifted its stake in shares of Oshkosh by 41.8% in the second quarter. Eagle Bay Advisors LLC now owns 682 shares of the company’s stock valued at $56,000 after buying an additional 201 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.
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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