Oshkosh Corporation (NYSE:OSK) had its price objective hoisted by Deutsche Bank AG from $79.00 to $80.00 in a research report report published on Thursday morning. They currently have a hold rating on the stock.
A number of other brokerages have also issued reports on OSK. Bank of America Corporation upgraded Oshkosh Corporation from an underperform rating to a neutral rating and raised their target price for the stock from $60.00 to $78.00 in a research note on Thursday. Royal Bank Of Canada raised their target price on Oshkosh Corporation from $80.00 to $85.00 and gave the stock an outperform rating in a research note on Thursday. Stifel Nicolaus restated a buy rating and issued a $80.00 target price on shares of Oshkosh Corporation in a research note on Thursday. Barrington Research raised their target price on Oshkosh Corporation from $75.00 to $86.00 and gave the stock an outperform rating in a research note on Thursday, April 27th. Finally, Zacks Investment Research upgraded Oshkosh Corporation from a hold rating to a buy rating and set a $77.00 target price for the company in a research note on Saturday, April 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Oshkosh Corporation has a consensus rating of Buy and a consensus price target of $75.08.
Oshkosh Corporation (NYSE:OSK) traded up 1.50% during midday trading on Thursday, reaching $74.99. The company’s stock had a trading volume of 880,137 shares. The firm has a 50 day moving average price of $68.51 and a 200-day moving average price of $68.23. The company has a market cap of $5.61 billion, a P/E ratio of 22.25 and a beta of 1.81. Oshkosh Corporation has a 12-month low of $50.77 and a 12-month high of $75.27.
Oshkosh Corporation (NYSE:OSK) last issued its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.51. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. On average, equities research analysts predict that Oshkosh Corporation will post $3.84 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.12%. Oshkosh Corporation’s payout ratio is currently 25.07%.
Several institutional investors have recently added to or reduced their stakes in OSK. BlackRock Inc. raised its position in Oshkosh Corporation by 5,532.7% in the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock worth $441,107,000 after buying an additional 6,316,906 shares during the last quarter. AQR Capital Management LLC raised its position in Oshkosh Corporation by 54.3% in the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock worth $202,350,000 after buying an additional 1,037,968 shares during the last quarter. Vanguard Group Inc. raised its position in Oshkosh Corporation by 16.8% in the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock worth $464,212,000 after buying an additional 973,348 shares during the last quarter. Prudential Financial Inc. raised its position in Oshkosh Corporation by 194.2% in the first quarter. Prudential Financial Inc. now owns 890,505 shares of the company’s stock worth $61,080,000 after buying an additional 587,822 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Oshkosh Corporation by 37.3% in the first quarter. Bank of New York Mellon Corp now owns 1,503,344 shares of the company’s stock worth $103,114,000 after buying an additional 408,117 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.
About Oshkosh Corporation
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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