Oshkosh Co. (NYSE:OSK) Short Interest Down 17.7% in November

Oshkosh Co. (NYSE:OSK) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 1,210,000 shares, a decline of 17.7% from the November 15th total of 1,470,000 shares. Based on an average daily volume of 578,900 shares, the short-interest ratio is currently 2.1 days. Currently, 1.9% of the shares of the company are sold short.

Institutional Investors Weigh In On Oshkosh

A number of large investors have recently modified their holdings of the company. Greenhaven Associates Inc. raised its stake in Oshkosh by 0.8% during the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock worth $254,181,000 after acquiring an additional 19,442 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Oshkosh by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock valued at $196,370,000 after buying an additional 78,235 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Oshkosh by 19.6% in the second quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after acquiring an additional 235,496 shares during the period. FMR LLC grew its position in shares of Oshkosh by 3.3% during the third quarter. FMR LLC now owns 1,223,891 shares of the company’s stock worth $122,646,000 after acquiring an additional 39,235 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Oshkosh by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock valued at $109,250,000 after purchasing an additional 10,357 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Stock Performance

OSK remained flat at $100.00 on Monday. 380,589 shares of the company traded hands, compared to its average volume of 512,738. The stock’s 50-day simple moving average is $107.37 and its two-hundred day simple moving average is $105.87. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 0.98 and a beta of 1.19. Oshkosh has a 12-month low of $93.34 and a 12-month high of $127.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46.

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 the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. On average, analysts predict that Oshkosh will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Friday, November 15th. Oshkosh’s dividend payout ratio is presently 17.86%.

Wall Street Analyst Weigh In

OSK has been the subject of several recent research reports. Evercore ISI reduced their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Truist Financial cut 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. Robert W. Baird lowered their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their price target on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, UBS Group decreased their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oshkosh currently has an average rating of “Hold” and a consensus price target of $122.86.

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.