Oshkosh (NYSE:OSK) Sets New 1-Year Low – Here’s What Happened

Oshkosh Co. (NYSE:OSK) shares reached a new 52-week low on Monday . The stock traded as low as $89.08 and last traded at $90.13, with a volume of 46887 shares traded. The stock had previously closed at $89.56.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OSK. Robert W. Baird cut their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. UBS Group cut their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Truist Financial lifted their price objective on Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $124.62.

Oshkosh Stock Up 1.4 %

The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $103.34 and its 200-day moving average price is $103.86. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.06. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Sell-side analysts predict that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 2.03%. Oshkosh’s dividend payout ratio is currently 17.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. AE Wealth Management LLC increased its position in Oshkosh by 7.3% during the second quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock worth $202,000 after buying an additional 127 shares during the last quarter. KBC Group NV increased its holdings in shares of Oshkosh by 15.2% during the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after acquiring an additional 220 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Oshkosh in the 3rd quarter valued at $25,000. Greenwich Wealth Management LLC lifted its holdings in Oshkosh by 0.5% during the 3rd quarter. Greenwich Wealth Management LLC now owns 49,593 shares of the company’s stock valued at $4,970,000 after purchasing an additional 253 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Oshkosh by 35.5% during the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after purchasing an additional 262 shares during the period. Institutional investors own 92.36% of the company’s stock.

Oshkosh Company Profile

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.