Oshkosh Corporation (NYSE:OSK) Director Craig P. Omtvedt sold 7,050 shares of Oshkosh Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $74.82, for a total value of $527,481.00. Following the transaction, the director now directly owns 32,374 shares in the company, valued at $2,422,222.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Oshkosh Corporation (NYSE OSK) opened at 73.38 on Friday. Oshkosh Corporation has a 52 week low of $50.77 and a 52 week high of $77.20. The stock has a market capitalization of $5.49 billion, a PE ratio of 21.77 and a beta of 1.81. The company’s 50 day moving average price is $70.95 and its 200-day moving average price is $68.64.
Oshkosh Corporation (NYSE:OSK) last announced its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.51. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the firm earned $1.13 earnings per share. Equities research analysts predict that Oshkosh Corporation will post $3.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.84 annualized dividend and a dividend yield of 1.14%. Oshkosh Corporation’s dividend payout ratio is presently 25.07%.
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Several analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $85.00 price objective (up from $80.00) on shares of Oshkosh Corporation in a report on Wednesday, August 9th. BidaskClub raised Oshkosh Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $85.00 price objective on shares of Oshkosh Corporation in a report on Thursday, June 8th. Deutsche Bank AG upped their price objective on Oshkosh Corporation from $79.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Oshkosh Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Oshkosh Corporation presently has a consensus rating of “Buy” and an average price target of $75.67.
Several hedge funds have recently made changes to their positions in OSK. Raymond James Trust N.A. increased its stake in shares of Oshkosh Corporation by 0.9% in the second quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock valued at $210,000 after buying an additional 28 shares in the last quarter. Hanseatic Management Services Inc. increased its position in Oshkosh Corporation by 0.3% in the second quarter. Hanseatic Management Services Inc. now owns 15,738 shares of the company’s stock worth $1,084,000 after buying an additional 41 shares during the period. M&T Bank Corp increased its position in Oshkosh Corporation by 1.2% in the second quarter. M&T Bank Corp now owns 5,135 shares of the company’s stock worth $353,000 after buying an additional 61 shares during the period. Advisors Asset Management Inc. increased its position in Oshkosh Corporation by 3.5% in the second quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock worth $140,000 after buying an additional 68 shares during the period. Finally, 1st Global Advisors Inc. increased its position in Oshkosh Corporation by 2.2% in the first quarter. 1st Global Advisors Inc. now owns 4,303 shares of the company’s stock worth $295,000 after buying an additional 91 shares during the period. Institutional investors own 95.68% of the company’s stock.
Oshkosh Corporation Company Profile
Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.
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