Oshkosh Corp. (NYSE:OSK) VP Marek W. May sold 9,616 shares of the stock in a transaction on Friday, November 25th. The shares were sold at an average price of $69.74, for a total value of $670,619.84. Following the sale, the vice president now directly owns 12,368 shares in the company, valued at $862,544.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Oshkosh Corp. (NYSE:OSK) traded down 1.68% during trading on Monday, reaching $69.13. The company’s stock had a trading volume of 584,986 shares. Oshkosh Corp. has a one year low of $29.59 and a one year high of $70.39. The firm has a market capitalization of $5.09 billion, a P/E ratio of 23.76 and a beta of 1.68. The stock has a 50-day moving average of $58.19 and a 200 day moving average of $52.41.
Oshkosh Corp. (NYSE:OSK) last issued its earnings results on Tuesday, November 1st. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.21. Oshkosh Corp. had a return on equity of 12.31% and a net margin of 3.45%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The company’s revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts predict that Oshkosh Corp. will post $3.34 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be paid a $0.21 dividend. This is an increase from Oshkosh Corp.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.19%. Oshkosh Corp.’s dividend payout ratio is presently 28.97%.
Several research analysts have issued reports on OSK shares. Bank of America Corp. raised Oshkosh Corp. from a “neutral” rating to a “buy” rating in a research report on Thursday, August 18th. Deutsche Bank AG started coverage on Oshkosh Corp. in a research report on Tuesday, September 6th. They issued a “buy” rating and a $62.00 target price on the stock. Credit Suisse Group AG raised Oshkosh Corp. from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $50.00 to $54.00 in a research report on Monday, September 26th. JPMorgan Chase & Co. raised Oshkosh Corp. from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a research report on Monday, September 26th. Finally, Stifel Nicolaus dropped their target price on Oshkosh Corp. from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Monday, September 26th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $56.21.
Several hedge funds have recently modified their holdings of OSK. BlackRock Japan Co. Ltd bought a new stake in shares of Oshkosh Corp. during the second quarter worth approximately $127,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Oshkosh Corp. by 11.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,665 shares of the company’s stock worth $149,000 after buying an additional 282 shares during the last quarter. US Bancorp DE boosted its position in Oshkosh Corp. 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 during the last quarter. Bank of Hawaii acquired a new position in Oshkosh Corp. during the third quarter worth $210,000. Finally, McKinley Carter Wealth Services Inc. acquired a new position in Oshkosh Corp. during the third quarter worth $224,000. Hedge funds and other institutional investors own 98.55% of the company’s stock.
About Oshkosh Corp.