Oshkosh (NYSE:OSK) Hits New 52-Week Low – What’s Next?

Oshkosh Co. (NYSE:OSK) shares hit a new 52-week low during trading on Monday . The company traded as low as $89.08 and last traded at $90.13, with a volume of 46887 shares changing hands. The stock had previously closed at $89.56.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Robert W. Baird cut their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Truist Financial upped their price objective on Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Finally, UBS Group dropped their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $124.62.

Oshkosh Price Performance

The firm has a market cap of $5.91 billion, a P/E ratio of 8.81, a PEG ratio of 0.98 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The company’s 50-day moving average is $103.34 and its two-hundred day moving average is $103.86.

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

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Friday, November 15th. Oshkosh’s dividend payout ratio is presently 17.86%.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in Oshkosh in the third quarter valued at about $25,000. Brooklyn Investment Group acquired a new stake in shares of Oshkosh in the 3rd quarter valued at approximately $34,000. International Assets Investment Management LLC grew its holdings in shares of Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after purchasing an additional 893 shares during the last quarter. Venturi Wealth Management LLC increased its position in Oshkosh by 35.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after purchasing an additional 262 shares in the last quarter. Finally, Redwood Wealth Management Group LLC bought a new position in Oshkosh in the 2nd quarter valued at approximately $111,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

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.