Oshkosh Corporation (NYSE:OSK)‘s stock had its “buy” rating restated by equities research analysts at Robert W. Baird in a note issued to investors on Thursday. They presently have a $93.00 target price on the stock. Robert W. Baird’s target price would suggest a potential upside of 8.71% from the stock’s current price.
Several other brokerages have also recently issued reports on OSK. Drexel Hamilton raised Oshkosh Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Friday, August 4th. Bank of America Corporation raised Oshkosh Corporation from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $60.00 to $78.00 in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $85.00 target price on shares of Oshkosh Corporation in a research report on Thursday, July 13th. Royal Bank Of Canada raised their target price on Oshkosh Corporation from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, KeyCorp reissued a “buy” rating and issued a $85.00 target price on shares of Oshkosh Corporation in a research report on Sunday, September 17th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Oshkosh Corporation currently has an average rating of “Buy” and a consensus price target of $83.91.
Oshkosh Corporation (OSK) traded up 1.72% during midday trading on Thursday, hitting $87.02. The stock had a trading volume of 197,516 shares. The firm has a 50 day moving average of $78.31 and a 200 day moving average of $71.11. Oshkosh Corporation has a 52 week low of $52.00 and a 52 week high of $87.16. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 25.82 and a beta of 1.77.
Oshkosh Corporation (NYSE:OSK) last announced its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.51. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Oshkosh Corporation had a return on equity of 14.49% and a net margin of 3.83%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $1.13 earnings per share. Equities research analysts predict that Oshkosh Corporation will post $3.96 EPS for the current year.
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In related news, EVP Ignacio A. Cortina sold 4,000 shares of Oshkosh Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $75.28, for a total transaction of $301,120.00. Following the sale, the executive vice president now owns 11,778 shares of the company’s stock, valued at approximately $886,647.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert S. Messina sold 3,400 shares of Oshkosh Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $75.23, for a total value of $255,782.00. Following the sale, the vice president now directly owns 12,558 shares in the company, valued at approximately $944,738.34. The disclosure for this sale can be found here. Insiders sold 50,533 shares of company stock worth $3,810,466 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its stake in Oshkosh Corporation by 116.7% during the 2nd quarter. American Century Companies Inc. now owns 689,119 shares of the company’s stock valued at $47,467,000 after purchasing an additional 371,089 shares during the period. BNP Paribas Arbitrage SA raised its stake in Oshkosh Corporation by 33.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 41,837 shares of the company’s stock valued at $2,882,000 after purchasing an additional 10,581 shares during the period. JPMorgan Chase & Co. raised its stake in Oshkosh Corporation by 85.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,316,316 shares of the company’s stock valued at $159,548,000 after purchasing an additional 1,063,971 shares during the period. Citigroup Inc. raised its stake in Oshkosh Corporation by 270.2% during the 2nd quarter. Citigroup Inc. now owns 52,729 shares of the company’s stock valued at $3,632,000 after purchasing an additional 38,484 shares during the period. Finally, Prudential Financial Inc. raised its stake in Oshkosh Corporation by 22.6% during the 2nd quarter. Prudential Financial Inc. now owns 1,091,575 shares of the company’s stock valued at $75,188,000 after purchasing an additional 201,070 shares during the period. 94.64% of the stock is currently owned by institutional investors.
Oshkosh Corporation Company Profile
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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