Oshkosh (NYSE:OSK) Trading Down 2.7%

Shares of Oshkosh Co. (NYSE:OSK) fell 2.7% on Thursday . The stock traded as low as $102.41 and last traded at $102.41. 234,898 shares were traded during mid-day trading, a decline of 52% from the average session volume of 485,943 shares. The stock had previously closed at $105.23.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OSK. JPMorgan Chase & Co. decreased their price objective on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Stifel Nicolaus reduced their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Evercore ISI reduced their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Raymond James assumed coverage on shares of Oshkosh in a research report on Friday, June 28th. They set an “outperform” rating and a $125.00 price target on the stock. Finally, Bank of America increased their price target on shares of Oshkosh from $108.00 to $112.00 and gave the company an “underperform” rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $125.79.

Oshkosh Price Performance

The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. The stock has a market cap of $6.54 billion, a P/E ratio of 9.62, a PEG ratio of 0.97 and a beta of 1.19. The firm’s fifty day moving average price is $104.56 and its 200-day moving average price is $111.24.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.34. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter last year, the business earned $2.69 earnings per share. The business’s revenue was up 18.0% on a year-over-year basis. Analysts forecast that Oshkosh Co. will post 11.7 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Friday, August 16th. Oshkosh’s payout ratio is 17.61%.

Institutional Trading of Oshkosh

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSK. Janney Montgomery Scott LLC lifted its stake in Oshkosh by 15.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 32,391 shares of the company’s stock worth $3,511,000 after acquiring an additional 4,256 shares during the period. Norges Bank purchased a new stake in Oshkosh in the fourth quarter worth $83,524,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Oshkosh during the fourth quarter valued at $79,000. PNC Financial Services Group Inc. lifted its position in Oshkosh by 6.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 25,554 shares of the company’s stock valued at $2,770,000 after buying an additional 1,464 shares during the period. Finally, Coldstream Capital Management Inc. lifted its position in Oshkosh by 18.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,697 shares of the company’s stock valued at $401,000 after buying an additional 581 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.