Oshkosh Corp (NYSE:OSK) declared a quarterly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Monday, August 19th will be given a dividend of 0.27 per share on Tuesday, September 3rd. This represents a $1.08 annualized dividend and a yield of 1.49%. The ex-dividend date is Friday, August 16th.
Oshkosh has increased its dividend payment by an average of 13.3% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Oshkosh has a payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Oshkosh to earn $8.00 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 13.5%.
OSK opened at $72.48 on Wednesday. The firm’s fifty day moving average is $81.33. The stock has a market capitalization of $4.96 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 0.79 and a beta of 1.95. The company has a current ratio of 1.99, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. Oshkosh has a 52-week low of $51.42 and a 52-week high of $86.45.
A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. cut shares of Oshkosh from an “overweight” rating to a “neutral” rating and increased their target price for the company from $80.00 to $85.00 in a research report on Wednesday, May 1st. Evercore ISI upgraded shares of Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 target price for the company in a research report on Thursday, August 1st. Citigroup reduced their target price on shares of Oshkosh from $95.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. UBS Group assumed coverage on shares of Oshkosh in a research report on Tuesday, April 23rd. They issued a “neutral” rating and a $85.00 target price for the company. Finally, ValuEngine cut shares of Oshkosh from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $82.55.
In related news, VP James W. Johnson sold 11,029 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $76.05, for a total transaction of $838,755.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.
Oshkosh Company Profile
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 services; and chassis and service parts sales.
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