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

Shares of Oshkosh Co. (NYSE:OSK) 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 traded.

Analysts Set New Price Targets

OSK has been the subject of several recent analyst reports. Evercore ISI boosted their target price on Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Citigroup boosted their target price on Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Morgan Stanley began coverage on Oshkosh in a research report on Monday, January 8th. They set an “equal weight” rating and a $102.00 price target on the stock. TheStreet raised Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Finally, StockNews.com raised Oshkosh from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and an average price target of $120.25.

Oshkosh Trading Down 2.1 %

The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29. The business has a 50 day moving average price of $117.17 and a 200-day moving average price of $106.82.

Oshkosh (NYSE:OSK) last posted its earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts expect that Oshkosh Co. will post 10.33 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were issued a $0.46 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.55%. This is an increase from Oshkosh’s previous quarterly dividend of $0.41. Oshkosh’s dividend payout ratio is currently 20.26%.

Insider Activity at Oshkosh

In other Oshkosh 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 transaction, the senior vice president now owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OSK. Valley National Advisers Inc. increased its position in Oshkosh by 18.2% in the 1st quarter. Valley National Advisers Inc. now owns 623 shares of the company’s stock valued at $77,000 after acquiring an additional 96 shares during the period. State of Michigan Retirement System increased its position in Oshkosh by 0.6% in the 4th quarter. State of Michigan Retirement System now owns 15,708 shares of the company’s stock valued at $1,703,000 after acquiring an additional 100 shares during the period. Venturi Wealth Management LLC increased its position in Oshkosh by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after acquiring an additional 111 shares during the period. Tributary Capital Management LLC increased its position in Oshkosh by 2.0% in the 4th quarter. Tributary Capital Management LLC now owns 6,957 shares of the company’s stock valued at $754,000 after acquiring an additional 135 shares during the period. Finally, Atlas Capital Advisors LLC increased its position in shares of Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 139 shares during the period. Institutional investors own 92.36% of the company’s stock.

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.