Oshkosh (NYSE:OSK) Sets New 12-Month Low - Should You Sell?

Oshkosh Co. (NYSE:OSK - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $92.36 and last traded at $92.64, with a volume of 523751 shares. The stock had previously closed at $92.88.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Robert W. Baird reduced their target price on shares of Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. UBS Group decreased their target price on Oshkosh from $129.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on Oshkosh from $120.00 to $125.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Finally, Truist Financial lifted their price target on Oshkosh from $113.00 to $116.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $123.00.

Oshkosh Trading Down 0.3 %

The business's fifty day simple moving average is $104.10 and its two-hundred day simple moving average is $104.18. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $6.03 billion, a P/E ratio of 8.99, a P/E/G ratio of 0.98 and a beta of 1.21.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.87 by $0.06. The company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. As a group, analysts forecast that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.99%. Oshkosh's payout ratio is presently 17.86%.

Hedge Funds Weigh In On Oshkosh

Several large investors have recently made changes to their positions in OSK. V Square Quantitative Management LLC acquired a new stake in Oshkosh during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group acquired a new stake in shares of Oshkosh during the third quarter worth $34,000. International Assets Investment Management LLC lifted its position in Oshkosh by 9,922.2% in the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock valued at $90,000 after acquiring an additional 893 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Oshkosh by 35.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company's stock worth $100,000 after purchasing an additional 262 shares during the period. Finally, Redwood Wealth Management Group LLC bought a new position in Oshkosh during the 2nd quarter worth about $111,000. Institutional investors and hedge funds own 92.36% of the company's stock.

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.