Oshkosh Corporation (NYSE:OSK) Short Interest Update

Oshkosh Corporation (NYSE:OSK) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 2,335,552 shares, a decrease of 25.7% from the February 12th total of 3,142,434 shares. Approximately 3.8% of the company’s shares are sold short. Based on an average daily volume of 755,577 shares, the short-interest ratio is currently 3.1 days. Based on an average daily volume of 755,577 shares, the short-interest ratio is currently 3.1 days. Approximately 3.8% of the company’s shares are sold short.

Insiders Place Their Bets

In related news, SVP Anupam Khare sold 4,000 shares of the firm’s 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 completion of the transaction, the senior vice president directly owned 13,577 shares of the company’s stock, valued at $2,295,463.39. This trade represents a 22.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is owned by insiders.

Institutional Trading of Oshkosh

Large investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. bought a new position in Oshkosh during the third quarter worth $26,000. Blue Trust Inc. grew its holdings in Oshkosh by 471.1% in the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after purchasing an additional 179 shares during the period. SJS Investment Consulting Inc. increased its stake in Oshkosh by 3,014.3% in the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after purchasing an additional 211 shares in the last quarter. Abich Financial Wealth Management LLC bought a new stake in Oshkosh in the third quarter valued at $29,000. Finally, Torren Management LLC acquired a new position in shares of Oshkosh during the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Trading Up 0.4%

Shares of OSK stock traded up $0.63 during mid-day trading on Monday, hitting $147.79. The company’s stock had a trading volume of 507,558 shares, compared to its average volume of 842,005. The company’s fifty day simple moving average is $159.27 and its 200-day simple moving average is $140.52. Oshkosh has a 52 week low of $76.82 and a 52 week high of $180.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. The company has a market cap of $9.24 billion, a PE ratio of 14.75, a P/E/G ratio of 0.76 and a beta of 1.37.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the firm earned $2.58 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities research analysts expect that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. KeyCorp reissued an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. Bank of America raised Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price objective on the stock in a research note on Tuesday, February 3rd. Citigroup upped their target price on Oshkosh from $170.00 to $180.00 and gave the company a “buy” rating in a report on Monday, March 9th. Morgan Stanley decreased their target price on shares of Oshkosh from $155.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 3rd. Finally, Sanford C. Bernstein raised their price target on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, December 19th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and a consensus target price of $165.31.

Oshkosh Company Profile

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.