Zacks Investment Research upgraded shares of Oshkosh Corp (NYSE:OSK) from a hold rating to a buy rating in a report released on Wednesday. They currently have $94.00 price target on the stock.
According to Zacks, “Oshkosh Corporation designs, manufactures and markets of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment also includes Jerr-Dan-branded tow trucks and roll-back vehicle carriers sold to towing companies in the U. S. and abroad. The Defense segment manufactures and sells tactical trucks and supply parts to U. S. military and to other militaries around the world. The Fire & Emergency segment manufactures commercial and custom firefighting vehicles and equipment, aircraft rescue and firefighting vehicles, snow removal vehicles, simulators and other emergency vehicles primarily sold to fire departments, airports and other governmental units, and broadcast vehicles sold to broadcasters and television stations in the Americas and abroad. The Commercial segment manufactures rear and front discharge concrete mixers, refuse collection vehicles, portable and stationary concrete batch plants. “
A number of other equities research analysts have also recently issued reports on OSK. Jefferies Group LLC restated a buy rating and set a $85.00 price target on shares of Oshkosh Corp in a report on Thursday, June 8th. BidaskClub upgraded shares of Oshkosh Corp from a hold rating to a buy rating in a report on Wednesday, June 14th. Bank of America Corporation cut shares of Oshkosh Corp from a neutral rating to an underperform rating and decreased their price target for the company from $75.00 to $60.00 in a report on Friday, July 7th. Stifel Nicolaus restated a buy rating and set a $80.00 price target on shares of Oshkosh Corp in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada upped their price target on shares of Oshkosh Corp from $80.00 to $85.00 and gave the company an outperform rating in a report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Oshkosh Corp currently has an average rating of Buy and a consensus target price of $82.40.
Oshkosh Corp (OSK) opened at 84.24 on Wednesday. The firm has a market cap of $6.30 billion, a PE ratio of 25.00 and a beta of 1.77. The company has a 50 day moving average price of $77.31 and a 200 day moving average price of $70.73. Oshkosh Corp has a 1-year low of $52.00 and a 1-year high of $84.97.
Oshkosh Corp (NYSE:OSK) last posted its earnings results on Wednesday, August 2nd. The company reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.51. Oshkosh Corp had a net margin of 3.83% and a return on equity of 14.49%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The business’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities research analysts forecast that Oshkosh Corp will post $3.95 earnings per share for the current year.
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In other Oshkosh Corp news, VP R Scott Grennier sold 4,883 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $74.40, for a total transaction of $363,295.20. Following the completion of the transaction, the vice president now owns 4,912 shares in the company, valued at $365,452.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Marek W. May sold 3,200 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $74.89, for a total transaction of $239,648.00. Following the transaction, the vice president now owns 11,068 shares of the company’s stock, valued at approximately $828,882.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,533 shares of company stock valued at $3,810,466. 2.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in OSK. BlackRock Inc. lifted its stake in Oshkosh Corp by 5,532.7% during the first quarter. BlackRock Inc. now owns 6,431,080 shares of the company’s stock worth $441,107,000 after purchasing an additional 6,316,906 shares during the period. JPMorgan Chase & Co. lifted its stake in Oshkosh Corp by 85.0% during the second quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock worth $159,548,000 after purchasing an additional 1,063,971 shares during the period. AQR Capital Management LLC lifted its stake in Oshkosh Corp by 54.3% during the first quarter. AQR Capital Management LLC now owns 2,950,143 shares of the company’s stock worth $202,350,000 after purchasing an additional 1,037,968 shares during the period. Vanguard Group Inc. lifted its stake in Oshkosh Corp by 16.8% during the first quarter. Vanguard Group Inc. now owns 6,767,922 shares of the company’s stock worth $464,212,000 after purchasing an additional 973,348 shares during the period. Finally, American Century Companies Inc. lifted its stake in Oshkosh Corp by 116.7% during the second quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock worth $47,467,000 after purchasing an additional 371,089 shares during the period. Hedge funds and other institutional investors own 94.64% of the company’s stock.
About Oshkosh Corp
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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