Oshkosh (NYSE:OSK) Trading Up 7.2% - What's Next?

Oshkosh Co. (NYSE:OSK - Get Free Report) shares rose 7.2% during mid-day trading on Thursday . The company traded as high as $109.64 and last traded at $109.48. Approximately 1,295,877 shares changed hands during trading, an increase of 103% from the average daily volume of 637,690 shares. The stock had previously closed at $102.13.

Analysts Set New Price Targets

Several analysts have recently commented on OSK shares. DA Davidson lowered their price target on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group lowered their target price on Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. UBS Group boosted their price target on Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. increased their price objective on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Citigroup reiterated an "underperform" rating on shares of Oshkosh in a research report on Friday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $120.29.

Oshkosh Stock Performance

The company has a market cap of $7.04 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 1.45 and a beta of 1.37. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The stock's 50 day moving average price is $92.27 and its 200 day moving average price is $97.99.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.02 by ($0.10). The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The business's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the company posted $2.89 EPS. On average, analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Friday, May 16th. Oshkosh's payout ratio is currently 21.79%.

Institutional Investors Weigh In On Oshkosh

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares during the period. Parallel Advisors LLC lifted its position in Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after buying an additional 127 shares in the last quarter. CX Institutional purchased a new stake in Oshkosh during the first quarter worth approximately $28,000. Golden State Wealth Management LLC increased its position in shares of Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after acquiring an additional 186 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its stake in shares of Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after acquiring an additional 110 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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.