Oshkosh Co. (NYSE:OSK – Get Rating) – Stock analysts at DA Davidson issued their Q2 2023 EPS estimates for Oshkosh in a research report issued on Tuesday, May 2nd. DA Davidson analyst M. Shlisky forecasts that the company will post earnings per share of $1.59 for the quarter. The consensus estimate for Oshkosh’s current full-year earnings is $6.00 per share.
Several other analysts have also commented on OSK. StockNews.com raised shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Tuesday. Robert W. Baird lifted their target price on Oshkosh from $93.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, February 1st. Credit Suisse Group cut their target price on Oshkosh from $113.00 to $96.00 in a research report on Friday, April 28th. Stifel Nicolaus decreased their price target on Oshkosh from $109.00 to $101.00 in a research report on Friday, April 28th. Finally, Morgan Stanley cut their price objective on Oshkosh from $114.00 to $107.00 in a report on Thursday, April 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Oshkosh currently has an average rating of “Hold” and a consensus price target of $97.93.
Oshkosh Price Performance
Oshkosh (NYSE:OSK – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.59. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.09 billion. Oshkosh had a return on equity of 9.92% and a net margin of 2.90%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Jump Financial LLC increased its stake in shares of Oshkosh by 1,125.1% during the 1st quarter. Jump Financial LLC now owns 35,747 shares of the company’s stock worth $2,973,000 after purchasing an additional 32,829 shares during the last quarter. First National Bank of Omaha increased its stake in shares of Oshkosh by 3.3% during the 1st quarter. First National Bank of Omaha now owns 16,173 shares of the company’s stock worth $1,345,000 after purchasing an additional 513 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Oshkosh by 51.9% during the 1st quarter. Quantinno Capital Management LP now owns 6,763 shares of the company’s stock worth $563,000 after purchasing an additional 2,312 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in shares of Oshkosh by 14.6% during the 1st quarter. New Mexico Educational Retirement Board now owns 11,800 shares of the company’s stock worth $982,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Oshkosh by 2.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 71,059 shares of the company’s stock worth $5,911,000 after purchasing an additional 1,680 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.
Insiders Place Their Bets
In other Oshkosh news, SVP Jason P. Baab sold 1,000 shares of the stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $89.00, for a total value of $89,000.00. Following the completion of the sale, the senior vice president now owns 1,352 shares in the company, valued at approximately $120,328. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.64% of the company’s stock.
Oshkosh Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Monday, May 15th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.64 dividend on an annualized basis and a yield of 2.10%. Oshkosh’s payout ratio is 43.27%.
About Oshkosh
Oshkosh Corp. engages in the design, manufacture, and marketing of specialty vehicles and vehicle bodies. It operates through the following segments: Access Equipment, Defense, Fire & Emergency, and Commercial. The Access Equipment segment consists of JerrDan and JLG, which manufactures aerial work platforms and telehandlers that are used in construction, industrial, institutional, and general maintenance applications to position workers and materials at elevated heights.
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