Oshkosh (NYSE:OSK) Hits New 12-Month High - What's Next?

Oshkosh Corporation (NYSE:OSK - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $124.77 and last traded at $124.55, with a volume of 1591745 shares. The stock had previously closed at $124.21.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. DA Davidson cut their price target on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on shares of Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Robert W. Baird boosted their price target on shares of Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Jefferies Financial Group reissued a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. Finally, UBS Group boosted their price target on shares of Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $123.14.

Oshkosh Stock Performance

The company has a 50-day moving average price of $104.88 and a two-hundred day moving average price of $99.17. The stock has a market capitalization of $8.06 billion, a P/E ratio of 13.37, a PEG ratio of 1.82 and a beta of 1.43. The company has a quick ratio of 0.86, a current ratio of 1.77 and a debt-to-equity ratio of 0.26.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company earned $2.89 earnings per share. The company's quarterly revenue was down 9.1% on a year-over-year basis. Equities analysts expect that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Friday, May 16th. Oshkosh's dividend payout ratio (DPR) is 21.79%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Oshkosh by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company's stock worth $769,303,000 after acquiring an additional 35,382 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Oshkosh by 15.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company's stock valued at $251,417,000 after acquiring an additional 354,714 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Oshkosh by 14.7% during the first quarter. American Century Companies Inc. now owns 2,328,880 shares of the company's stock valued at $219,101,000 after acquiring an additional 298,470 shares in the last quarter. LSV Asset Management increased its holdings in shares of Oshkosh by 6.9% during the first quarter. LSV Asset Management now owns 1,726,606 shares of the company's stock valued at $162,439,000 after acquiring an additional 111,062 shares in the last quarter. Finally, FMR LLC increased its holdings in Oshkosh by 13.0% in the 4th quarter. FMR LLC now owns 1,383,558 shares of the company's stock worth $131,535,000 after buying an additional 159,667 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

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.