Oshkosh Co. (NYSE:OSK) Short Interest Up 25.6% in November

Oshkosh Co. (NYSE:OSK) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,470,000 shares, a growth of 25.6% from the October 31st total of 1,170,000 shares. Based on an average daily trading volume, of 551,500 shares, the short-interest ratio is presently 2.7 days. Currently, 2.3% of the shares of the stock are short sold.

Oshkosh Trading Down 1.3 %

NYSE:OSK traded down $1.46 during mid-day trading on Monday, hitting $112.15. 386,005 shares of the stock traded hands, compared to its average volume of 505,082. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.11 and a beta of 1.18. Oshkosh has a 52 week low of $93.34 and a 52 week high of $127.98. The firm’s 50 day moving average is $106.07 and its two-hundred day moving average is $106.51.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. On average, equities research analysts predict that Oshkosh will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.64%. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on OSK shares. Robert W. Baird decreased their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Evercore ISI lowered their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Finally, Truist Financial dropped their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $123.14.

Hedge Funds Weigh In On Oshkosh

Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in Oshkosh by 6.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,550 shares of the company’s stock worth $3,936,000 after purchasing an additional 2,048 shares during the period. Tidal Investments LLC grew its holdings in Oshkosh by 21.7% during the 1st quarter. Tidal Investments LLC now owns 5,567 shares of the company’s stock worth $694,000 after acquiring an additional 991 shares in the last quarter. Atria Investments Inc increased its position in Oshkosh by 10.6% during the 1st quarter. Atria Investments Inc now owns 16,214 shares of the company’s stock valued at $2,020,000 after purchasing an additional 1,551 shares during the period. Cetera Investment Advisers lifted its position in shares of Oshkosh by 772.9% in the 1st quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock worth $3,418,000 after purchasing an additional 24,269 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Oshkosh by 26.2% during the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after purchasing an additional 152 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

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.