Oshkosh (NYSE:OSK) Trading Down 2.7%

Oshkosh Co. (NYSE:OSK)’s stock price dropped 2.7% on Thursday . The stock traded as low as $102.41 and last traded at $102.41. Approximately 234,898 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 485,943 shares. The stock had previously closed at $105.23.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OSK. JPMorgan Chase & Co. cut their price target on Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Bank of America upped their target price on shares of Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a report on Tuesday, May 28th. Raymond James started coverage on Oshkosh in a research note on Friday, June 28th. They set an “outperform” rating and a $125.00 price target for the company. Evercore ISI lowered their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, Citigroup started coverage on Oshkosh in a report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $125.79.

Oshkosh Price Performance

The firm has a market capitalization of $6.70 billion, a P/E ratio of 9.76, a PEG ratio of 0.93 and a beta of 1.19. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $104.79 and its 200 day simple moving average is $111.38.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, beating the consensus estimate of $3.00 by $0.34. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the firm earned $2.69 EPS. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. Sell-side analysts forecast that Oshkosh Co. will post 11.66 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

Hedge Funds Weigh In On Oshkosh

A number of large investors have recently bought and sold shares of the stock. Atlas Capital Advisors LLC increased its position in shares of Oshkosh by 161.6% in the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 139 shares during the period. Headlands Technologies LLC purchased a new position in Oshkosh during the 1st quarter valued at about $31,000. Rise Advisors LLC raised its position in Oshkosh by 215.5% during the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after purchasing an additional 181 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after buying an additional 289 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Oshkosh by 51.3% in the 1st quarter. GAMMA Investing LLC now owns 581 shares of the company’s stock worth $72,000 after buying an additional 197 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

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.