Oshkosh (NYSE:OSK) Hits New 12-Month Low - Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OSK shares. Robert W. Baird lowered their target price on Oshkosh from $171.00 to $160.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Truist Financial increased their price objective on Oshkosh from $113.00 to $116.00 and gave the stock a "hold" rating in a report on Thursday, December 19th. UBS Group dropped their target price on Oshkosh from $129.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price target on Oshkosh from $120.00 to $125.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. 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. According to data from MarketBeat, Oshkosh presently has an average rating of "Hold" and an average price target of $123.00.

Oshkosh Stock Down 0.3 %

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 firm's 50 day moving average price is $105.77 and its two-hundred day moving average price is $104.79. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping analysts' consensus estimates of $2.87 by $0.06. The business 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%. Sell-side analysts anticipate that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.96%. Oshkosh's dividend payout ratio (DPR) is 17.86%.

Hedge Funds Weigh In On Oshkosh

Several large investors have recently modified their holdings of OSK. V Square Quantitative Management LLC acquired a new position in Oshkosh in the 3rd quarter valued at about $25,000. Brooklyn Investment Group bought a new stake in shares of Oshkosh during the third quarter worth approximately $34,000. International Assets Investment Management LLC grew its position in shares of Oshkosh by 9,922.2% in the third quarter. International Assets Investment Management LLC now owns 902 shares of the company's stock valued at $90,000 after purchasing an additional 893 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Oshkosh by 35.5% during the third 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 acquired a new stake in Oshkosh during the 2nd quarter worth approximately $111,000. 92.36% of the stock is owned by 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.