Oshkosh (NYSE:OSK) Hits New 12-Month High Following Analyst Upgrade

Oshkosh Corporation (NYSE:OSK) hit a new 52-week high during trading on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $144.03 and last traded at $143.52, with a volume of 573297 shares traded. The stock had previously closed at $142.44.

OSK has been the topic of several other reports. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp boosted their target price on shares of Oshkosh from $140.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday. Jefferies Financial Group restated a “hold” rating on shares of Oshkosh in a research report on Friday, June 6th. Evercore ISI reiterated an “outperform” rating on shares of Oshkosh in a research report on Tuesday, August 19th. Finally, UBS Group set a $164.00 price objective on shares of Oshkosh and gave the stock a “buy” rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh currently has an average rating of “Moderate Buy” and a consensus target price of $138.08.

Insider Activity

In related news, SVP Anupam Khare sold 4,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the transaction, the senior vice president owned 13,716 shares of the company’s stock, valued at approximately $1,906,935.48. The trade was a 22.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the transaction, the chief marketing officer directly owned 10,459 shares of the company’s stock, valued at $1,468,129.83. The trade was a 14.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC increased its stake in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after acquiring an additional 127 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Oshkosh by 69.1% during the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after acquiring an additional 114 shares during the last quarter. CX Institutional acquired a new position in shares of Oshkosh during the 1st quarter valued at about $28,000. Golden State Wealth Management LLC increased its stake in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock valued at $30,000 after acquiring an additional 186 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Oshkosh by 215.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 407 shares of the company’s stock valued at $46,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Performance

The stock’s 50 day moving average price is $129.21 and its 200 day moving average price is $108.12. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.78 and a beta of 1.43.

Oshkosh (NYSE:OSK) last posted its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The company’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, analysts expect that Oshkosh Corporation will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 19th. Oshkosh’s dividend payout ratio is 20.48%.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.