Oshkosh (NYSE:OSK) Sets New 52-Week High – Should You Buy?

Oshkosh Corporation (NYSE:OSK) hit a new 52-week high during trading on Monday . The stock traded as high as $174.25 and last traded at $173.8750, with a volume of 88838 shares trading hands. The stock had previously closed at $171.71.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OSK. Citigroup dropped their target price on shares of Oshkosh from $175.00 to $170.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Sanford C. Bernstein upped their price target on Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, December 19th. Robert W. Baird set a $182.00 price objective on Oshkosh in a report on Friday, January 30th. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research report on Thursday, January 22nd. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $159.60.

Oshkosh Stock Performance

The stock’s fifty day simple moving average is $140.47 and its two-hundred day simple moving average is $135.08. The company has a market cap of $10.91 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period last year, the business posted $2.58 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Oshkosh Corporation will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a dividend of $0.57 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.3%. Oshkosh’s dividend payout ratio is currently 20.36%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Oshkosh during the 2nd quarter valued at about $98,570,000. Alliancebernstein L.P. grew its position in Oshkosh by 908.0% in the third quarter. Alliancebernstein L.P. now owns 913,497 shares of the company’s stock valued at $118,481,000 after acquiring an additional 822,874 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Oshkosh by 22.8% in the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after purchasing an additional 529,907 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of Oshkosh during the second quarter valued at about $59,709,000. Finally, Capital Research Global Investors acquired a new stake in Oshkosh during the 3rd quarter valued at approximately $63,441,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.