Robert W. Baird reissued their buy rating on shares of Oshkosh Corporation (NYSE:OSK) in a research note issued to investors on Wednesday. Robert W. Baird currently has a $97.00 target price on the stock.
Several other equities research analysts also recently commented on the stock. KeyCorp restated an overweight rating and issued a $100.00 target price (up previously from $90.00) on shares of Oshkosh Corporation in a research note on Wednesday. Stifel Nicolaus restated a buy rating and issued a $100.00 target price on shares of Oshkosh Corporation in a research note on Wednesday. SunTrust Banks, Inc. restated a buy rating and issued a $90.00 target price on shares of Oshkosh Corporation in a research note on Friday, October 27th. ValuEngine downgraded shares of Oshkosh Corporation from a buy rating to a hold rating in a research note on Wednesday, October 25th. Finally, Citigroup Inc. boosted their target price on shares of Oshkosh Corporation from $85.00 to $100.00 and gave the company a buy rating in a research note on Friday, October 13th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $92.85.
Oshkosh Corporation (NYSE:OSK) last issued its earnings results on Tuesday, October 31st. The company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.36. Oshkosh Corporation had a net margin of 4.18% and a return on equity of 15.14%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the previous year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.24 per share. This is a boost from Oshkosh Corporation’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, November 15th. Oshkosh Corporation’s payout ratio is currently 22.34%.
In other Oshkosh Corporation news, VP Marek W. May sold 3,200 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $74.89, for a total transaction of $239,648.00. Following the completion of the sale, the vice president now directly owns 11,068 shares of the company’s stock, valued at approximately $828,882.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig P. Omtvedt sold 7,050 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $74.82, for a total value of $527,481.00. Following the sale, the director now directly owns 32,374 shares of the company’s stock, valued at $2,422,222.68. The disclosure for this sale can be found here. Insiders have sold a total of 50,533 shares of company stock valued at $3,810,466 over the last three months. Company insiders own 2.00% of the company’s stock.
Large investors have recently made changes to their positions in the business. Janus Henderson Group PLC bought a new stake in Oshkosh Corporation during the 2nd quarter worth about $7,006,000. American Century Companies Inc. raised its holdings in Oshkosh Corporation by 116.7% during the 2nd quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock worth $47,467,000 after purchasing an additional 371,089 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Oshkosh Corporation by 33.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 41,837 shares of the company’s stock worth $2,882,000 after buying an additional 10,581 shares during the period. JPMorgan Chase & Co. grew its position in shares of Oshkosh Corporation by 85.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after buying an additional 1,063,971 shares during the period. Finally, Citigroup Inc. grew its position in shares of Oshkosh Corporation by 270.2% during the 2nd quarter. Citigroup Inc. now owns 52,729 shares of the company’s stock worth $3,632,000 after buying an additional 38,484 shares during the period. 94.35% of the stock is owned by hedge funds and other institutional investors.
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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