Drexel Hamilton upgraded shares of Oshkosh Corporation (NYSE:OSK) from a hold rating to a buy rating in a research report report published on Friday, August 4th. The brokerage currently has $83.00 price objective on the stock.
Several other research firms have also recently issued reports on OSK. Royal Bank Of Canada increased their price objective on Oshkosh Corporation from $80.00 to $85.00 and gave the stock an outperform rating in a research report on Thursday, August 3rd. Stifel Nicolaus reiterated a buy rating and issued a $80.00 price objective on shares of Oshkosh Corporation in a research report on Thursday, August 3rd. Bank of America Corporation upgraded Oshkosh Corporation from an underperform rating to a neutral rating and increased their price objective for the stock from $60.00 to $78.00 in a research report on Thursday, August 3rd. Deutsche Bank AG raised their price target on Oshkosh Corporation from $79.00 to $80.00 and gave the company a hold rating in a research report on Thursday, August 3rd. Finally, Barrington Research raised their price target on Oshkosh Corporation from $75.00 to $86.00 and gave the company an outperform rating in a research report on Thursday, April 27th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Oshkosh Corporation currently has an average rating of Buy and an average target price of $75.67.
Oshkosh Corporation (OSK) traded up 2.05% during trading on Friday, hitting $75.49. 821,466 shares of the company’s stock were exchanged. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 22.40 and a beta of 1.81. Oshkosh Corporation has a 12-month low of $50.77 and a 12-month high of $77.20. The company’s 50-day moving average price is $70.22 and its 200 day moving average price is $68.52.
Oshkosh Corporation (NYSE:OSK) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.51. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. Oshkosh Corporation’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 earnings per share. Equities analysts forecast that Oshkosh Corporation will post $3.95 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This article was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://stocknewstimes.com/2017/08/15/drexel-hamilton-upgrades-oshkosh-corporation-osk-to-buy-updated.html.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, August 16th. Oshkosh Corporation’s dividend payout ratio is currently 25.07%.
In related news, EVP Ignacio A. Cortina sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $75.28, for a total transaction of $301,120.00. Following the sale, the executive vice president now directly owns 11,778 shares in the company, valued at approximately $886,647.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Robert S. Messina sold 3,400 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $75.23, for a total value of $255,782.00. Following the sale, the vice president now owns 12,558 shares in the company, valued at $944,738.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,533 shares of company stock worth $3,810,466. Company insiders own 2.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Oshkosh Corporation by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 1,252,345 shares of the company’s stock valued at $85,898,000 after buying an additional 142,745 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Oshkosh Corporation during the first quarter valued at about $3,133,000. Alliancebernstein L.P. increased its stake in Oshkosh Corporation by 4.4% in the first quarter. Alliancebernstein L.P. now owns 4,279,772 shares of the company’s stock valued at $293,550,000 after buying an additional 178,674 shares in the last quarter. Systematic Financial Management LP increased its stake in Oshkosh Corporation by 256.6% in the first quarter. Systematic Financial Management LP now owns 412,646 shares of the company’s stock valued at $28,303,000 after buying an additional 296,941 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Oshkosh Corporation by 16.8% in the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock valued at $464,212,000 after buying an additional 973,348 shares in the last quarter. Institutional investors own 95.68% 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.
Receive News & Ratings for Oshkosh Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oshkosh Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
