Oshkosh (NYSE:OSK) Reaches New 12-Month Low – Should You Sell?

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on OSK shares. UBS Group reduced their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Truist Financial boosted their target price on Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Robert W. Baird lowered their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on shares of Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Citigroup decreased their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday. One research 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 currently has a consensus rating of “Hold” and a consensus price target of $122.31.

Oshkosh Trading Up 1.3 %

The business’s fifty day simple moving average is $103.12 and its two-hundred day simple moving average is $103.77. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $6.05 billion, a P/E ratio of 9.03, a P/E/G ratio of 0.98 and a beta of 1.21.

Oshkosh (NYSE:OSK) last released its 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. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. As a group, analysts forecast that Oshkosh Co. will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The company 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 1.98%. The ex-dividend date was Friday, November 15th. Oshkosh’s dividend payout ratio is presently 17.86%.

Institutional Investors Weigh In On Oshkosh

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Oshkosh by 17.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after buying an additional 28,478 shares in the last quarter. Virtu Financial LLC acquired a new position in Oshkosh in the third quarter worth about $504,000. Barclays PLC lifted its stake in Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after purchasing an additional 32,435 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in Oshkosh by 57.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after purchasing an additional 7,334 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its holdings in shares of Oshkosh by 3.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after buying an additional 4,680 shares in the last quarter. Institutional investors and hedge funds 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.