Oshkosh (NYSE:OSK) Sets New 12-Month Low - Here's Why

Oshkosh Co. (NYSE:OSK - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $89.08 and last traded at $90.13, with a volume of 46887 shares changing hands. The stock had previously closed at $89.56.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OSK shares. 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 research note on Thursday, October 31st. 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 report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Finally, Truist Financial increased 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $124.62.

Oshkosh Price Performance

The firm has a 50 day moving average price of $103.34 and a 200 day moving average price of $103.86. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The stock has a market cap of $5.97 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.98 and a beta of 1.21.

Oshkosh (NYSE:OSK - Get Free Report) last posted 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 return on equity of 19.87% and a net margin of 6.41%. On average, analysts forecast that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh's dividend payout ratio is presently 17.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Greenhaven Associates Inc. increased its position in Oshkosh by 0.8% during the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company's stock worth $254,181,000 after purchasing an additional 19,442 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Oshkosh by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company's stock valued at $196,370,000 after acquiring an additional 78,235 shares in the last quarter. FMR LLC grew its stake in Oshkosh by 3.3% in the third quarter. FMR LLC now owns 1,223,891 shares of the company's stock worth $122,646,000 after purchasing an additional 39,235 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Oshkosh by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company's stock worth $109,250,000 after acquiring an additional 10,357 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Oshkosh by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 684,171 shares of the company's stock valued at $68,561,000 after buying an additional 4,974 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

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.