Oshkosh (NYSE:OSK) Hits New 52-Week Low – Time to Sell?

Oshkosh Co. (NYSE:OSK) shares hit a new 52-week low on Tuesday . The company traded as low as $92.36 and last traded at $92.64, with a volume of 523751 shares changing hands. The stock had previously closed at $92.88.

Analyst Ratings Changes

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

Oshkosh Trading Down 0.6 %

The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 0.98 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The company’s fifty day moving average price is $103.81 and its 200-day moving average price is $104.09.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. On average, research analysts expect that Oshkosh Co. will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio is presently 17.86%.

Institutional Investors Weigh In On Oshkosh

A number of large investors have recently bought and sold shares of OSK. Commonwealth Equity Services LLC raised its stake in shares of Oshkosh by 3.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 30,044 shares of the company’s stock valued at $3,251,000 after buying an additional 954 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Oshkosh by 2.6% during the 2nd quarter. National Bank of Canada FI now owns 10,643 shares of the company’s stock worth $1,121,000 after purchasing an additional 272 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Oshkosh by 36.5% during the 2nd quarter. Victory Capital Management Inc. now owns 282,732 shares of the company’s stock valued at $30,592,000 after purchasing an additional 75,572 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Oshkosh by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 18,357 shares of the company’s stock valued at $1,986,000 after purchasing an additional 380 shares during the period. Finally, Candriam S.C.A. boosted its holdings in Oshkosh by 10.8% during the second quarter. Candriam S.C.A. now owns 3,458 shares of the company’s stock worth $374,000 after buying an additional 338 shares in the last quarter. Hedge funds and other 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.