Oshkosh (NYSE:OSK) Sets New 12-Month Low – What’s Next?

Shares of Oshkosh Co. (NYSE:OSK) reached a new 52-week low on Monday . The stock traded as low as $92.61 and last traded at $93.37, with a volume of 29553 shares. The stock had previously closed at $94.35.

Wall Street Analyst Weigh In

OSK has been the subject of several recent analyst reports. Robert W. Baird lowered their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. UBS Group cut their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, Truist Financial upped their price target on shares of Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $123.00.

Oshkosh Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The company has a fifty day moving average price of $105.77 and a two-hundred day moving average price of $104.79. The company has a market cap of $6.13 billion, a P/E ratio of 9.15, a PEG ratio of 0.98 and a beta of 1.19.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, sell-side analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.95%. Oshkosh’s payout ratio is 17.86%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in Oshkosh by 1.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 22,615 shares of the company’s stock valued at $2,447,000 after purchasing an additional 235 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Oshkosh by 6.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,852 shares of the company’s stock valued at $1,282,000 after buying an additional 693 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Oshkosh during the 2nd quarter worth approximately $219,000. Commonwealth Equity Services LLC increased its holdings in shares of Oshkosh by 3.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 30,044 shares of the company’s stock worth $3,251,000 after acquiring an additional 954 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Oshkosh in the 2nd quarter valued at $227,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Company Profile

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.