Oshkosh (NYSE:OSK) Hits New 12-Month Low – Here’s Why

Oshkosh Co. (NYSE:OSK) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $87.08 and last traded at $87.28, with a volume of 129049 shares traded. The stock had previously closed at $95.79.

Analyst Upgrades and Downgrades

OSK has been the topic of a number of research reports. KeyCorp raised their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Truist Financial increased their target price on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Citigroup reduced their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Evercore ISI raised their price target on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Oshkosh has a consensus rating of “Hold” and an average price target of $124.38.

Oshkosh Stock Down 9.6 %

The stock has a 50 day moving average of $101.71 and a 200 day moving average of $102.19. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 1.45 and a beta of 1.26. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. As a group, analysts expect that Oshkosh Co. will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.51 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is presently 19.71%.

Institutional Investors Weigh In On Oshkosh

A number of institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares during the period. Coppell Advisory Solutions LLC boosted its position in Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after purchasing an additional 110 shares during the period. Hager Investment Management Services LLC acquired a new stake in Oshkosh in the fourth quarter worth $32,000. Proficio Capital Partners LLC acquired a new stake in Oshkosh in the fourth quarter worth $34,000. Finally, V Square Quantitative Management LLC lifted its stake in Oshkosh by 64.1% in the fourth quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after buying an additional 157 shares during the last quarter. 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.