Oshkosh (NYSE:OSK) Sets New 12-Month Low at $77.00

Oshkosh Co. (NYSE:OSKGet Rating)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $77.00 and last traded at $77.36, with a volume of 5634 shares traded. The stock had previously closed at $79.76.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. TheStreet downgraded shares of Oshkosh from a “b-” rating to a “c+” rating in a research report on Friday, July 1st. Robert W. Baird cut their price target on shares of Oshkosh from $84.00 to $83.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. JPMorgan Chase & Co. cut their price target on shares of Oshkosh from $107.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, July 12th. Citigroup downgraded shares of Oshkosh from a “buy” rating to a “neutral” rating and cut their price target for the company from $120.00 to $90.00 in a report on Thursday, July 7th. Finally, Morgan Stanley cut their price target on shares of Oshkosh from $111.00 to $105.00 and set an “overweight” rating for the company in a report on Monday, August 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $105.20.

Oshkosh Price Performance

The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 43.84, a PEG ratio of 1.07 and a beta of 1.33. The company’s 50 day simple moving average is $82.88 and its 200-day simple moving average is $90.59. The company has a current ratio of 1.73, a quick ratio of 1.06 and a debt-to-equity ratio of 0.21.

Oshkosh (NYSE:OSKGet Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.53). Oshkosh had a return on equity of 4.02% and a net margin of 1.53%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the business earned $2.09 earnings per share. Oshkosh’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities research analysts predict that Oshkosh Co. will post 3.46 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 15th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, August 12th. This represents a $1.48 annualized dividend and a dividend yield of 1.91%. Oshkosh’s dividend payout ratio is currently 83.62%.

Institutional Investors Weigh In On Oshkosh

Several hedge funds have recently modified their holdings of OSK. BNP Paribas Arbitrage SA boosted its position in shares of Oshkosh by 36.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 15,356 shares of the company’s stock worth $1,731,000 after acquiring an additional 4,061 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Oshkosh by 0.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,300,177 shares of the company’s stock worth $146,543,000 after acquiring an additional 4,574 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Oshkosh by 2.6% in the fourth quarter. Rhumbline Advisers now owns 186,073 shares of the company’s stock worth $20,972,000 after acquiring an additional 4,790 shares during the last quarter. Covestor Ltd acquired a new stake in shares of Oshkosh in the fourth quarter worth approximately $54,000. Finally, Ensign Peak Advisors Inc boosted its position in shares of Oshkosh by 2.5% in the fourth quarter. Ensign Peak Advisors Inc now owns 65,110 shares of the company’s stock worth $7,339,000 after acquiring an additional 1,560 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

Oshkosh Company Profile

(Get Rating)

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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