Oshkosh (NYSE:OSK) Sets New 1-Year High – Here’s What Happened

Oshkosh Corporation (NYSE:OSK)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $174.25 and last traded at $173.8750, with a volume of 88838 shares. The stock had previously closed at $171.71.

Analyst Ratings Changes

A number of equities analysts have weighed in on OSK shares. UBS Group reiterated a “buy” rating and set a $167.00 price objective on shares of Oshkosh in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Oshkosh in a research note on Thursday, January 22nd. Truist Financial set a $183.00 price target on shares of Oshkosh in a research note on Friday, January 30th. Robert W. Baird set a $182.00 price target on shares of Oshkosh in a research note on Friday, January 30th. Finally, Sanford C. Bernstein upped their price objective on shares of Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $159.60.

Oshkosh Stock Performance

The firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 0.87 and a beta of 1.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. The firm has a 50 day moving average price of $140.47 and a 200-day moving average price of $135.08.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results 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 company 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 business earned $2.58 EPS. Oshkosh’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.28 annualized dividend and a dividend yield of 1.3%. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s payout ratio is currently 20.36%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Keybank National Association OH purchased a new position in shares of Oshkosh during the third quarter worth approximately $422,000. Mutual Advisors LLC acquired a new stake in shares of Oshkosh during the third quarter worth $849,000. Asset Management One Co. Ltd. purchased a new stake in shares of Oshkosh in the third quarter valued at about $1,399,000. Convergence Investment Partners LLC acquired a new position in Oshkosh during the 3rd quarter worth approximately $1,162,000. Finally, Peterson Wealth Services grew its holdings in Oshkosh by 3,459.5% during the third quarter. Peterson Wealth Services now owns 56,952 shares of the company’s stock worth $7,387,000 after acquiring an additional 55,352 shares during the period. 92.36% of the stock is owned by hedge funds and other institutional investors.

About Oshkosh

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.