Oshkosh Corporation (NYSE:OSK - Get Free Report) SVP Anupam Khare sold 4,000 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the sale, the senior vice president owned 13,577 shares of the company's stock, valued at approximately $2,295,463.39. This trade represents a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Oshkosh Price Performance
OSK stock opened at $172.36 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The firm has a market cap of $10.78 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 0.86 and a beta of 1.37. The company's fifty day simple moving average is $154.29 and its 200 day simple moving average is $139.49. Oshkosh Corporation has a 12-month low of $76.82 and a 12-month high of $180.49.
Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the business posted $2.58 earnings per share. The business's revenue was up 3.5% on a year-over-year basis. On average, analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.
Oshkosh Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, February 17th. This is a positive change from Oshkosh's previous quarterly dividend of $0.51. Oshkosh's dividend payout ratio (DPR) is currently 22.75%.
Institutional Investors Weigh In On Oshkosh
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new stake in shares of Oshkosh in the 3rd quarter worth $26,000. Blue Trust Inc. lifted its position in shares of Oshkosh by 471.1% during the third quarter. Blue Trust Inc. now owns 217 shares of the company's stock valued at $28,000 after purchasing an additional 179 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in Oshkosh by 3,014.3% during the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company's stock worth $28,000 after purchasing an additional 211 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in Oshkosh in the 3rd quarter worth about $29,000. Finally, Torren Management LLC purchased a new stake in Oshkosh in the 4th quarter valued at about $30,000. 92.36% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
OSK has been the topic of several research analyst reports. Argus cut their target price on shares of Oshkosh from $175.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, December 10th. Weiss Ratings reissued a "buy (b-)" rating on shares of Oshkosh in a research report on Thursday, January 22nd. Wall Street Zen raised Oshkosh from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. Raymond James Financial reaffirmed an "outperform" rating and set a $175.00 price target on shares of Oshkosh in a research note on Monday. Finally, Morgan Stanley reduced their price objective on Oshkosh from $155.00 to $144.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 3rd. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.81.
View Our Latest Stock Report on Oshkosh
About Oshkosh
(
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Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company's offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.
Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.
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