Oshkosh (NYSE:OSK) Sets New 1-Year High at $125.66

Oshkosh Co. (NYSE:OSK - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $125.66 and last traded at $125.48, with a volume of 121087 shares trading hands. The stock had previously closed at $123.30.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company increased their target price on Oshkosh from $114.00 to $122.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 31st. Stifel Nicolaus upped their target price on shares of Oshkosh from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, December 19th. Citigroup increased their price target on shares of Oshkosh from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. Morgan Stanley began coverage on shares of Oshkosh in a research report on Monday, January 8th. They issued an "equal weight" rating and a $102.00 price objective for the company. Finally, StockNews.com lowered Oshkosh from a "buy" rating to a "hold" rating in a research report on Thursday, March 28th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Oshkosh has an average rating of "Moderate Buy" and an average target price of $117.94.

Oshkosh Stock Up 2.9 %

The business has a fifty day moving average of $113.71 and a 200 day moving average of $103.87. The firm has a market cap of $8.32 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.61 and a beta of 1.29. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.32. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.60 earnings per share. On average, equities research analysts predict that Oshkosh Co. will post 10.3 EPS for the current year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a dividend of $0.46 per share. This is a boost from Oshkosh's previous quarterly dividend of $0.41. This represents a $1.84 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Wednesday, February 14th. Oshkosh's dividend payout ratio is currently 20.26%.

Insider Transactions at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the transaction, the senior vice president now directly owns 13,499 shares of the company's stock, valued at $1,503,518.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by insiders.

Institutional Trading of Oshkosh

Hedge funds have recently made changes to their positions in the business. Venturi Wealth Management LLC lifted its position in shares of Oshkosh by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company's stock valued at $34,000 after buying an additional 111 shares during the last quarter. Money Concepts Capital Corp lifted its position in shares of Oshkosh by 1,359.1% in the fourth quarter. Money Concepts Capital Corp now owns 321 shares of the company's stock valued at $28,000 after buying an additional 299 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Oshkosh in the third quarter valued at approximately $32,000. GAMMA Investing LLC acquired a new stake in shares of Oshkosh in the fourth quarter valued at approximately $42,000. Finally, Belpointe Asset Management LLC increased its stake in shares of Oshkosh by 108.5% during the first quarter. Belpointe Asset Management LLC now owns 513 shares of the company's stock worth $43,000 after purchasing an additional 267 shares during the period. 92.36% of the stock is owned by institutional investors and hedge funds.

About Oshkosh

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.