Oshkosh Corporation (NYSE:OSK)‘s stock had its “buy” rating reissued by equities researchers at KeyCorp in a report released on Sunday. They currently have a $85.00 price objective on the stock. KeyCorp’s target price suggests a potential upside of 7.87% from the stock’s previous close.
Several other research analysts also recently commented on the company. Jefferies Group LLC reissued a “buy” rating and issued a $85.00 target price on shares of Oshkosh Corporation in a report on Thursday, September 7th. ValuEngine raised Oshkosh Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Oshkosh Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $85.00 price objective (up previously from $80.00) on shares of Oshkosh Corporation in a report on Wednesday, August 9th. Finally, BidaskClub raised Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $76.50.
Shares of Oshkosh Corporation (OSK) opened at 78.80 on Friday. The firm’s 50-day moving average price is $74.00 and its 200 day moving average price is $69.50. The company has a market cap of $5.90 billion, a P/E ratio of 23.38 and a beta of 1.77. Oshkosh Corporation has a 52 week low of $50.77 and a 52 week high of $78.88.
Oshkosh Corporation (NYSE:OSK) last announced its earnings results on Wednesday, August 2nd. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.33 by $0.51. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. Oshkosh Corporation’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 EPS. On average, equities analysts predict that Oshkosh Corporation will post $3.95 EPS for the current fiscal year.
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In other news, VP R Scott Grennier sold 4,883 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $74.40, for a total value of $363,295.20. Following the transaction, the vice president now owns 4,912 shares of the company’s stock, valued at approximately $365,452.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph H. Kimmitt sold 23,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $75.83, for a total value of $1,744,090.00. Following the completion of the transaction, the insider now directly owns 70,262 shares in the company, valued at approximately $5,327,967.46. The disclosure for this sale can be found here. In the last three months, insiders sold 50,533 shares of company stock worth $3,810,466. 2.00% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of Oshkosh Corporation by 116.7% in the 2nd quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock valued at $47,467,000 after purchasing an additional 371,089 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Oshkosh Corporation by 33.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 41,837 shares of the company’s stock valued at $2,882,000 after purchasing an additional 10,581 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Oshkosh Corporation by 12.9% in the 1st quarter. JPMorgan Chase & Co. now owns 1,252,345 shares of the company’s stock valued at $85,898,000 after purchasing an additional 142,745 shares during the period. Prudential Financial Inc. lifted its stake in shares of Oshkosh Corporation by 22.6% in the 2nd quarter. Prudential Financial Inc. now owns 1,091,575 shares of the company’s stock valued at $75,188,000 after purchasing an additional 201,070 shares during the period. Finally, Martingale Asset Management L P acquired a new position in shares of Oshkosh Corporation in the 1st quarter valued at $3,133,000. 94.64% of the stock is currently owned by 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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