Oshkosh (NYSE:OSK) Shares Gap Up to $121.25

Oshkosh Co. (NYSE:OSK - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $121.25, but opened at $124.89. Oshkosh shares last traded at $121.66, with a volume of 274,956 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on OSK shares. The Goldman Sachs Group boosted their price objective on shares of Oshkosh from $104.00 to $116.00 and gave the stock a "neutral" rating in a report on Wednesday, January 31st. Wells Fargo & Company increased their price target on Oshkosh from $114.00 to $122.00 and gave the company an "equal weight" rating in a report on Wednesday, January 31st. Evercore ISI lifted their price objective on Oshkosh from $122.00 to $124.00 and gave the stock an "outperform" rating in a report on Tuesday, February 20th. DA Davidson raised Oshkosh from a "neutral" rating to a "buy" rating and upped their target price for the company from $122.00 to $130.00 in a research report on Friday, March 1st. Finally, TheStreet upgraded shares of Oshkosh from a "c" rating to a "b-" rating in a research note on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $120.25.

Oshkosh Price Performance

The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.53 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $117.31 and a two-hundred day moving average price of $106.91.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the company earned $1.60 earnings per share. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, research analysts forecast that Oshkosh Co. will post 10.33 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.55%. This is a positive change from Oshkosh's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 14th. Oshkosh's payout ratio is presently 20.26%.

Insider Buying and Selling 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 value 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 approximately $1,503,518.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oshkosh

Institutional investors and hedge funds have recently bought and sold shares of the stock. Valley National Advisers Inc. raised its position in shares of Oshkosh by 18.2% during the 1st quarter. Valley National Advisers Inc. now owns 623 shares of the company's stock worth $77,000 after buying an additional 96 shares in the last quarter. State of Michigan Retirement System lifted its position in Oshkosh by 0.6% in the fourth quarter. State of Michigan Retirement System now owns 15,708 shares of the company's stock worth $1,703,000 after purchasing an additional 100 shares during the period. Venturi Wealth Management LLC boosted its stake in Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company's stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. Tributary Capital Management LLC increased its position in shares of Oshkosh by 2.0% during the 4th quarter. Tributary Capital Management LLC now owns 6,957 shares of the company's stock valued at $754,000 after purchasing an additional 135 shares during the period. Finally, Atlas Capital Advisors LLC raised its stake in shares of Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company's stock worth $28,000 after buying an additional 139 shares in 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.