Oshkosh (NYSE:OSK) Reaches New 1-Year High - What's Next?

Key Points

• Oshkosh Corporation's stock hit a new 52-week high of $144.03 during trading, reflecting strong market interest with over 573,297 shares exchanged.
• Analysts have a consensus rating of "Moderate Buy" for Oshkosh, with several firms raising their price targets significantly, the highest being $180.00 by KeyCorp.
• The company recently declared a quarterly dividend of $0.51 per share, yielding 1.4%, highlighting its commitment to returning value to shareholders.

Oshkosh Corporation (NYSE:OSK - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $144.03 and last traded at $143.52, with a volume of 573297 shares changing hands. The stock had previously closed at $142.44.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OSK shares. The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and increased their target price for the company from $124.00 to $131.00 in a research note on Tuesday, July 1st. KeyCorp upped their price target on Oshkosh from $140.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday. Evercore ISI reaffirmed an "outperform" rating on shares of Oshkosh in a research report on Tuesday, August 19th. Bank of America raised their price target on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, June 6th. Finally, Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and raised their price target for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Oshkosh has a consensus rating of "Moderate Buy" and a consensus price target of $138.08.

Oshkosh Stock Performance

The firm has a 50 day moving average of $127.93 and a 200-day moving average of $107.70. The stock has a market capitalization of $9.19 billion, a PE ratio of 14.41, a P/E/G ratio of 1.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the business earned $3.34 EPS. The business's revenue for the quarter was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Research analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. Oshkosh's dividend payout ratio (DPR) is 20.48%.

Insider Transactions at Oshkosh

In related news, CMO Bryan K. Brandt sold 1,732 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $140.37, for a total value of $243,120.84. Following the transaction, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Anupam Khare sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the transaction, the senior vice president directly owned 13,716 shares in the company, valued at $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSK. Parallel Advisors LLC grew its holdings in Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after buying an additional 127 shares during the last quarter. CX Institutional acquired a new stake in Oshkosh in the 1st quarter valued at $28,000. Golden State Wealth Management LLC boosted its stake in Oshkosh by 147.6% in the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after buying an additional 186 shares in the last quarter. Whittier Trust Co. boosted its stake in Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company's stock valued at $32,000 after buying an additional 114 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Oshkosh by 215.5% in the second quarter. Hantz Financial Services Inc. now owns 407 shares of the company's stock worth $46,000 after purchasing an additional 278 shares in the last quarter. Institutional investors and hedge funds 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.

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