Oshkosh (NYSE:OSK) Sets New 52-Week High – Here’s What Happened
by Amy Steele · The Cerbat GemOshkosh Corporation (NYSE:OSK – Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $144.34 and last traded at $144.6550, with a volume of 683007 shares trading hands. The stock had previously closed at $136.71.
Wall Street Analysts Forecast Growth
OSK has been the subject of several research analyst reports. Truist Financial reduced their price objective on Oshkosh from $171.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Citigroup reduced their target price on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. UBS Group lowered their price objective on Oshkosh from $165.00 to $163.00 and set a “buy” rating on the stock in a research note on Monday. JPMorgan Chase & Co. lifted their price target on Oshkosh from $133.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Finally, Zacks Research lowered shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $149.44.
Read Our Latest Stock Analysis on OSK
Oshkosh Trading Up 6.4%
The stock has a market cap of $9.20 billion, a P/E ratio of 14.19, a PEG ratio of 1.46 and a beta of 1.41. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average price is $127.01 and its 200 day moving average price is $129.68.
Oshkosh (NYSE:OSK – Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.08. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. Oshkosh’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.93 EPS. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Equities research analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.
Oshkosh Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Oshkosh’s dividend payout ratio (DPR) is currently 19.90%.
Institutional Trading of Oshkosh
A number of hedge funds and other institutional investors have recently bought and sold shares of OSK. Harbor Capital Advisors Inc. purchased a new position in Oshkosh during the third quarter valued at approximately $26,000. Blue Trust Inc. raised its position in shares of Oshkosh by 471.1% during the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after purchasing an additional 179 shares during the period. SJS Investment Consulting Inc. lifted its stake in shares of Oshkosh by 3,014.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after buying an additional 211 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Oshkosh during the 3rd quarter valued at $29,000. Finally, Root Financial Partners LLC bought a new position in Oshkosh in the 3rd quarter worth $35,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.
Oshkosh Company Profile
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.