Shares of Oshkosh Corp (NYSE:OSK) have been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $84.00.
A number of equities analysts have weighed in on OSK shares. Evercore ISI raised shares of Oshkosh from an “in-line” rating to an “outperform” rating and set a $79.00 price target on the stock in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised shares of Oshkosh from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $85.00 to $90.00 in a research note on Wednesday, September 11th. ValuEngine downgraded shares of Oshkosh from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Dougherty & Co started coverage on shares of Oshkosh in a research note on Wednesday, August 28th. They set a “buy” rating and a $80.00 price target on the stock. Finally, Citigroup cut their price target on shares of Oshkosh from $95.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th.
NYSE:OSK traded down $2.99 during trading hours on Thursday, reaching $72.81. 473,261 shares of the company were exchanged, compared to its average volume of 625,245. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.19. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 0.74 and a beta of 1.99. Oshkosh has a 52-week low of $51.42 and a 52-week high of $86.45. The stock has a 50 day simple moving average of $72.22 and a 200 day simple moving average of $77.32.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Friday, August 16th. Oshkosh’s dividend payout ratio is presently 16.98%.
Several hedge funds have recently modified their holdings of OSK. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Oshkosh in the 1st quarter valued at $1,849,000. Raymond James & Associates raised its stake in shares of Oshkosh by 35.8% in the 1st quarter. Raymond James & Associates now owns 49,050 shares of the company’s stock valued at $3,685,000 after acquiring an additional 12,943 shares during the period. First Trust Advisors LP raised its stake in shares of Oshkosh by 29.7% in the 1st quarter. First Trust Advisors LP now owns 175,689 shares of the company’s stock valued at $13,200,000 after acquiring an additional 40,268 shares during the period. FinTrust Capital Advisors LLC raised its stake in shares of Oshkosh by 1,128.6% in the 1st quarter. FinTrust Capital Advisors LLC now owns 344 shares of the company’s stock valued at $26,000 after acquiring an additional 316 shares during the period. Finally, Bremer Bank National Association purchased a new position in shares of Oshkosh in the 1st quarter valued at $240,000. 89.80% of the stock is currently owned by institutional investors and hedge funds.
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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