Oshkosh Corporation (NYSE:OSK) VP Colleen R. Moynihan sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $87.62, for a total transaction of $350,480.00. Following the sale, the vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $643,744.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Oshkosh Corporation (NYSE OSK) opened at $85.81 on Wednesday. Oshkosh Corporation has a 1-year low of $61.74 and a 1-year high of $94.16. The company has a current ratio of 1.81, a quick ratio of 1.09 and a debt-to-equity ratio of 0.35. The firm has a market cap of $6,398.67, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.15 and a beta of 1.87.
Oshkosh Corporation (NYSE:OSK) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.36. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.90 billion. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. equities analysts predict that Oshkosh Corporation will post 4.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, November 15th. This is a positive change from Oshkosh Corporation’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 1.12%. Oshkosh Corporation’s dividend payout ratio is currently 22.34%.
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A number of brokerages have issued reports on OSK. Deutsche Bank AG raised their price objective on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Tuesday, August 8th. Stifel Nicolaus restated a “buy” rating and set a $100.00 price objective on shares of Oshkosh Corporation in a report on Wednesday, November 1st. Finally, Jefferies Group LLC raised their price objective on shares of Oshkosh Corporation from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $92.85.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC raised its holdings in Oshkosh Corporation by 73.7% during the first quarter. Teachers Advisors LLC now owns 232,256 shares of the company’s stock worth $15,930,000 after buying an additional 98,534 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Oshkosh Corporation during the first quarter worth $447,000. State Street Corp raised its holdings in Oshkosh Corporation by 1.6% during the first quarter. State Street Corp now owns 2,021,104 shares of the company’s stock worth $138,625,000 after buying an additional 32,017 shares during the last quarter. Credit Suisse AG raised its holdings in Oshkosh Corporation by 47.7% during the first quarter. Credit Suisse AG now owns 143,950 shares of the company’s stock worth $9,874,000 after buying an additional 46,470 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in Oshkosh Corporation during the first quarter worth $247,000. 94.41% of the stock is currently owned by institutional investors and hedge funds.
Oshkosh Corporation 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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