Oshkosh Corporation (NYSE:OSK)‘s stock had its “buy” rating restated by stock analysts at SunTrust Banks, Inc. in a research report issued on Friday. They currently have a $90.00 price target on the stock. SunTrust Banks, Inc.’s price objective indicates a potential downside of 1.12% from the company’s current price.
OSK has been the subject of several other research reports. Robert W. Baird reissued a “buy” rating and set a $93.00 price target on shares of Oshkosh Corporation in a research report on Thursday, October 12th. ValuEngine raised shares of Oshkosh Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $85.00 price target (up previously from $80.00) on shares of Oshkosh Corporation in a research report on Wednesday, August 9th. BidaskClub raised shares of Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 8th. Finally, Deutsche Bank AG increased their price target on shares of Oshkosh Corporation from $79.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $85.62.
Shares of Oshkosh Corporation (OSK) traded up 0.45% during trading on Friday, reaching $91.02. 609,638 shares of the company were exchanged. The stock has a 50-day moving average price of $83.11 and a 200-day moving average price of $72.80. The stock has a market capitalization of $6.81 billion, a PE ratio of 27.01 and a beta of 1.77. Oshkosh Corporation has a one year low of $52.27 and a one year high of $91.18.
Oshkosh Corporation (NYSE:OSK) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.51. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the company earned $1.13 EPS. The firm’s revenue was up 16.6% on a year-over-year basis. Analysts forecast that Oshkosh Corporation will post $3.96 EPS for the current year.
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In other Oshkosh Corporation news, Director Craig P. Omtvedt sold 7,050 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $74.82, for a total value of $527,481.00. Following the completion of the transaction, the director now directly owns 32,374 shares in the company, valued at approximately $2,422,222.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R Scott Grennier sold 4,883 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $74.40, for a total transaction of $363,295.20. Following the completion of the transaction, the vice president now owns 4,912 shares of the company’s stock, valued at $365,452.80. The disclosure for this sale can be found here. Insiders sold a total of 50,533 shares of company stock valued at $3,810,466 over the last 90 days. Company insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of OSK. Neuberger Berman Group LLC raised its holdings in Oshkosh Corporation by 38.9% in the 1st quarter. Neuberger Berman Group LLC now owns 5,469 shares of the company’s stock worth $375,000 after purchasing an additional 1,532 shares in the last quarter. Teachers Advisors LLC raised its holdings in Oshkosh Corporation by 73.7% in the 1st quarter. Teachers Advisors LLC now owns 232,256 shares of the company’s stock worth $15,930,000 after purchasing an additional 98,534 shares in the last quarter. Geode Capital Management LLC raised its holdings in Oshkosh Corporation by 5.4% in the 1st quarter. Geode Capital Management LLC now owns 572,408 shares of the company’s stock worth $39,261,000 after purchasing an additional 29,396 shares in the last quarter. UBS Group AG raised its holdings in Oshkosh Corporation by 155.9% in the 1st quarter. UBS Group AG now owns 50,845 shares of the company’s stock worth $3,487,000 after purchasing an additional 30,976 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Oshkosh Corporation by 5,532.7% in the 1st quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock worth $441,107,000 after purchasing an additional 6,316,906 shares in the last quarter. Institutional investors and hedge funds own 94.30% 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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