Oshkosh (NYSE:OSK) Reaches New 1-Year Low – What’s Next?

Oshkosh Co. (NYSE:OSK)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $92.36 and last traded at $92.64, with a volume of 523751 shares trading hands. The stock had previously closed at $92.88.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Robert W. Baird reduced 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. upped their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. UBS Group lowered their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Truist Financial increased their target price on Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a report on Thursday, December 19th. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $124.62.

Oshkosh Price Performance

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 stock’s fifty day moving average is $103.81 and its 200-day moving average is $104.09. The stock has a market cap of $6.00 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating 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 firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. As a group, equities analysts anticipate that Oshkosh Co. will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.00%. Oshkosh’s payout ratio is currently 17.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OSK. Commonwealth Equity Services LLC raised its stake in shares of Oshkosh by 3.3% in the second quarter. Commonwealth Equity Services LLC now owns 30,044 shares of the company’s stock valued at $3,251,000 after acquiring an additional 954 shares in the last quarter. National Bank of Canada FI lifted its stake in Oshkosh by 2.6% in the second quarter. National Bank of Canada FI now owns 10,643 shares of the company’s stock worth $1,121,000 after acquiring an additional 272 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Oshkosh by 36.5% during the 2nd quarter. Victory Capital Management Inc. now owns 282,732 shares of the company’s stock worth $30,592,000 after acquiring an additional 75,572 shares in the last quarter. Arizona State Retirement System increased its position in shares of Oshkosh by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 18,357 shares of the company’s stock valued at $1,986,000 after purchasing an additional 380 shares during the last quarter. Finally, Candriam S.C.A. raised its holdings in shares of Oshkosh by 10.8% in the 2nd quarter. Candriam S.C.A. now owns 3,458 shares of the company’s stock valued at $374,000 after purchasing an additional 338 shares in the last quarter. 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.