Oshkosh Co. (NYSE:OSK - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $87.08 and last traded at $87.28, with a volume of 129049 shares trading hands. The stock had previously closed at $95.79.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on OSK shares. KeyCorp decreased their price objective on shares of Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday. The Goldman Sachs Group dropped their price objective on shares of Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. UBS Group cut their price target on shares of Oshkosh from $137.00 to $97.00 and set a "buy" rating on the stock in a research report on Monday. Raymond James raised their price target on shares of Oshkosh from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, Evercore ISI upped their price objective on Oshkosh from $122.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $117.38.
Get Our Latest Report on OSK
Oshkosh Stock Performance
The firm's 50-day moving average price is $100.24 and its two-hundred day moving average price is $101.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 1.45 and a beta of 1.26.
Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. On average, analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.
Oshkosh Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.51 dividend. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, February 14th. Oshkosh's payout ratio is currently 19.71%.
Hedge Funds Weigh In On Oshkosh
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Oshkosh by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company's stock valued at $774,035,000 after acquiring an additional 176,400 shares in the last quarter. Greenhaven Associates Inc. lifted its position in Oshkosh by 0.6% during the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company's stock valued at $242,629,000 after purchasing an additional 15,622 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Oshkosh by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company's stock valued at $220,342,000 after acquiring an additional 206,377 shares during the period. American Century Companies Inc. increased its stake in Oshkosh by 23.3% during the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company's stock worth $193,031,000 after purchasing an additional 384,141 shares in the last quarter. Finally, FMR LLC raised its position in Oshkosh by 13.0% in the 4th quarter. FMR LLC now owns 1,383,558 shares of the company's stock valued at $131,535,000 after buying an additional 159,667 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.
About Oshkosh
(
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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.
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