Zacks Investment Research downgraded shares of Oshkosh (NYSE:OSK) from a buy rating to a hold rating in a research report report published on Thursday morning.
According to Zacks, “Oshkosh Corporation is a leading 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 & emergency. The company designs and builds the world’s toughest specialty trucks and truck bodies and access equipment by working shoulder-to-shoulder with the people who use them. . The Company is a leader in designing, manufacturing and servicing a broad range of access equipment, commercial, fire & emergency, military and specialty vehicles and vehicle bodies under the brands of Oshkosh, JLG, Pierce, McNeilus, Jerr-Dan, Frontline, CON-E-CO, London and IMT. Oshkosh Corporation has manufacturing operations in eight U.S. states and in Australia, Belgium, Canada, China, France, Mexico and Romania and through investments in joint ventures in Mexico and Brazil. The company currently employs approximately 13,000 people worldwide. “
OSK has been the subject of several other reports. Morgan Stanley assumed coverage on shares of Oshkosh in a report on Friday, March 2nd. They set an equal weight rating and a $86.00 target price for the company. ValuEngine lowered shares of Oshkosh from a buy rating to a hold rating in a report on Friday, March 2nd. Evercore ISI upgraded shares of Oshkosh from an in-line rating to an outperform rating in a report on Friday, February 9th. Robert W. Baird lowered shares of Oshkosh from an outperform rating to a neutral rating and set a $90.00 target price for the company. in a report on Friday, March 2nd. Finally, KeyCorp reiterated a buy rating and set a $104.00 target price on shares of Oshkosh in a report on Friday, January 26th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Oshkosh has an average rating of Buy and an average target price of $93.43.
OSK stock opened at $79.32 on Thursday. Oshkosh has a 1-year low of $61.74 and a 1-year high of $100.26. The stock has a market cap of $5,919.18, a P/E ratio of 18.71, a PEG ratio of 0.85 and a beta of 1.61. The company has a current ratio of 1.86, a quick ratio of 1.08 and a debt-to-equity ratio of 0.35.
Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 25th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.29. Oshkosh had a net margin of 4.48% and a return on equity of 16.64%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the business earned $0.26 earnings per share. The business’s revenue was up 31.0% on a year-over-year basis. sell-side analysts predict that Oshkosh will post 5.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Monday, February 12th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.21%. Oshkosh’s payout ratio is currently 22.64%.
In related news, VP James C. Freeders sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $86.70, for a total value of $199,410.00. Following the completion of the transaction, the vice president now directly owns 1,786 shares in the company, valued at approximately $154,846.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Duncan Palmer sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $91.93, for a total transaction of $137,895.00. Following the completion of the transaction, the director now owns 23,095 shares of the company’s stock, valued at $2,123,123.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,361 shares of company stock valued at $564,480. 2.00% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Cerebellum GP LLC bought a new stake in Oshkosh in the 4th quarter worth approximately $130,000. Pitcairn Co. bought a new stake in Oshkosh in the 4th quarter worth approximately $202,000. Chevy Chase Trust Holdings Inc. bought a new stake in Oshkosh in the 4th quarter worth approximately $203,000. CIBC Asset Management Inc bought a new stake in Oshkosh in the 3rd quarter worth approximately $208,000. Finally, Rothschild Investment Corp IL bought a new stake in Oshkosh in the 4th quarter worth approximately $218,000. 91.88% of the stock is owned by institutional investors and hedge funds.
Oshkosh 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.
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