Oshkosh Corporation (NYSE:OSK) shares traded 3.36% higher at $83.00 on Wall Street last session.
In accordance with the data, 20 analysts cover Oshkosh Corporation (NYSE:OSK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $116.00 and a low of $82.00, we find $100.00. Given the previous closing price of $80.30, this indicates a potential upside of 24.53 percent. OSK stock price is now -11.30% away from the 50-day moving average and -4.19% away from the 200-day moving average. The market capitalization of the company currently stands at $5.68B.
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It has been rated a hold by 11 analysts and a buy by 7. Brokers who have rated the stock have averaged $101.06 as their price target over the next twelve months.
On May 13, 2022, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $103 to quote $92, while ‘Robert W. Baird’ rates the stock as ‘Neutral’.
In other news, Baab Jason P, SVP, Corp. Develop. & Strategy sold 1,000 shares of the company’s stock on Feb 24. The stock was sold for $89,000 at an average price of $89.00. Upon completion of the transaction, the SVP, Corp. Develop. & Strategy now directly owns 1,352 shares in the company, valued at $0.11 million. Insiders disposed of 60,136 shares of company stock worth roughly $4.99 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OSK stock. A new stake in Oshkosh Corporation shares was purchased by AMALGAMATED FINANCIAL CORP. during the first quarter worth $3,831,000. CI PRIVATE WEALTH, LLC invested $3,378,000 in shares of OSK during the first quarter. In the first quarter, ERGOTELES LLC acquired a new stake in Oshkosh Corporation valued at approximately $2,460,000. EDGESTREAM PARTNERS, L.P. acquired a new stake in OSK for approximately $2,412,000. RENAISSANCE TECHNOLOGIES LLC purchased a new stake in OSK valued at around $2,241,000 in the second quarter. In total, there are 516 active investors with 93.80% ownership of the company’s stock.
Oshkosh Corporation (NYSE: OSK) opened at $82.54 on Tuesday. During the past 12 months, Oshkosh Corporation has had a low of $69.30 and a high of $111.18. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.90, and a quick ratio of 1.10. The fifty day moving average price for OSK is $93.49 and a two-hundred day moving average price translates $86.59 for the stock.
The latest earnings results from Oshkosh Corporation (NYSE: OSK) was released for Dec, 2022. The net profit margin was 2.10% and return on equity was 5.80% for OSK. For the current quarter, analysts expect OSK to generate $2.08B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/02/2023. Investors who held shares on 02/16/2023 were paid a $0.41 dividend. On an annualized basis, this represents a $1.64 dividend and a 1.98% percent yield. There was an ex-dividend date of 02/15/2023 for this dividend. In terms of dividend payout ratio, OSK is presently at 55.70%.
Oshkosh Corporation(OSK) Company Profile
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. Its Defense segment provides heavy, medium, and light tactical wheeled vehicles and related services for the department of defense. The company’s Fire & Emergency segment offers custom and commercial firefighting vehicles and equipment; and commercial fire apparatus and emergency vehicles, such as pumpers, aerial platform, ladder and tiller trucks, tankers, rescue vehicles, wild land rough terrain response vehicles, mobile command and control centers, bomb squad vehicles, hazardous materials control vehicles, and other emergency response vehicles. This segment also provides aircraft rescue and firefighting, snow removal, and broadcast vehicles, as well as command trucks, and military simulator shelters and trailers. Its Commercial segment offers front-and rear-discharge concrete mixers for the concrete ready-mix industry; refuse collection vehicles and related components to commercial and municipal waste haulers; and field service vehicles and truck-mounted cranes for the construction, equipment dealer, building supply, utility, tire service, railroad, and mining industries. Oshkosh Corporation provides its products through direct sales representatives, dealers, and distributors. The company was formerly known as Oshkosh Truck Corporation and changed its name to Oshkosh Corporation in February 2008. Oshkosh Corporation was founded in 1917 and is headquartered in Oshkosh, Wisconsin.
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