Oshkosh (OSK) Reaches New 52-Week Low at $58.59

Oshkosh Corp (NYSE:OSK)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $58.59 and last traded at $58.52, with a volume of 14279 shares trading hands. The stock had previously closed at $59.30.

Several brokerages recently commented on OSK. Royal Bank of Canada reiterated a “buy” rating and issued a $98.00 target price on shares of Oshkosh in a report on Wednesday, August 1st. Credit Suisse Group dropped their target price on shares of Oshkosh from $96.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, August 1st. ValuEngine downgraded shares of Oshkosh from a “sell” rating to a “strong sell” rating in a report on Saturday, October 6th. Stifel Nicolaus dropped their price objective on Oshkosh from $106.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Finally, KeyCorp dropped their price objective on Oshkosh from $104.00 to $88.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Oshkosh presently has an average rating of “Hold” and an average target price of $89.14.

The stock has a market capitalization of $4.52 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 0.52 and a beta of 1.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.88.

Oshkosh (NYSE:OSK) last announced its earnings results on Tuesday, July 31st. The company reported $2.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.18. Oshkosh had a net margin of 5.44% and a return on equity of 19.19%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Oshkosh’s revenue was up 6.8% compared to the same quarter last year. Equities analysts predict that Oshkosh Corp will post 6.03 earnings per share for the current fiscal year.

In other news, insider Wilson R. Jones sold 47,000 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $72.02, for a total transaction of $3,384,940.00. Following the sale, the insider now directly owns 180,862 shares in the company, valued at $13,025,681.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David M. Sagehorn sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $75.40, for a total value of $3,393,000.00. Following the sale, the vice president now owns 179,097 shares in the company, valued at $13,503,913.80. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its stake in shares of Oshkosh by 48.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 9,461 shares of the company’s stock valued at $731,000 after purchasing an additional 3,089 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Oshkosh by 49.9% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,138 shares of the company’s stock worth $318,000 after purchasing an additional 1,378 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Oshkosh by 47.8% in the 1st quarter. LPL Financial LLC now owns 10,854 shares of the company’s stock worth $839,000 after purchasing an additional 3,511 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Oshkosh by 1.9% in the 1st quarter. Legal & General Group Plc now owns 111,005 shares of the company’s stock worth $8,577,000 after purchasing an additional 2,079 shares during the last quarter. Finally, Atlantic Trust Group LLC grew its holdings in shares of Oshkosh by 8,246.4% in the 1st quarter. Atlantic Trust Group LLC now owns 23,036 shares of the company’s stock worth $1,780,000 after purchasing an additional 22,760 shares during the last quarter. 89.42% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Company Profile (NYSE:OSK)

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.

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