Oshkosh Corp. (NYSE:OSK) hit a new 52-week high during trading on Monday . The stock traded as high as $57.75 and last traded at $57.01, with a volume of 367,177 shares trading hands. The stock had previously closed at $55.90.

Several equities research analysts recently commented on the company. Bank of America Corp. set a $62.00 target price on Oshkosh Corp. and gave the company a “buy” rating in a report on Saturday. Deutsche Bank AG assumed coverage on Oshkosh Corp. in a report on Tuesday, September 6th. They set a “buy” rating and a $62.00 target price on the stock. RBC Capital Markets upgraded Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $46.00 to $63.00 in a report on Friday, July 29th. Barrington Research raised their target price on Oshkosh Corp. from $54.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, July 29th. Finally, Royal Bank Of Canada upgraded Oshkosh Corp. from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $46.00 to $63.00 in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $52.53.

The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 20.76 and a beta of 1.98. The stock’s 50-day moving average price is $53.58 and its 200-day moving average price is $45.71.

Oshkosh Corp. (NYSE:OSK) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.13. Oshkosh Corp. had a return on equity of 11.02% and a net margin of 3.36%. The company earned $1.75 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities research analysts forecast that Oshkosh Corp. will post $2.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 15th were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.33%. Oshkosh Corp.’s dividend payout ratio is currently 27.94%.

In other Oshkosh Corp. news, insider Joseph H. Kimmitt sold 35,378 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $54.00, for a total value of $1,910,412.00. Following the completion of the sale, the insider now owns 67,782 shares of the company’s stock, valued at $3,660,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Sagehorn sold 49,495 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $54.13, for a total value of $2,679,164.35. Following the completion of the sale, the vice president now directly owns 111,113 shares of the company’s stock, valued at approximately $6,014,546.69. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in OSK. Northwestern Mutual Investment Management Company LLC boosted its position in Oshkosh Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,666 shares of the company’s stock valued at $604,000 after buying an additional 52 shares in the last quarter. Mason Street Advisors LLC acquired a new position in Oshkosh Corp. during the second quarter valued at $1,596,000. Public Employees Retirement System of Ohio boosted its position in Oshkosh Corp. by 111.5% in the second quarter. Public Employees Retirement System of Ohio now owns 48,927 shares of the company’s stock valued at $2,334,000 after buying an additional 25,795 shares in the last quarter. Calvert Investment Management Inc. boosted its position in Oshkosh Corp. by 2.7% in the second quarter. Calvert Investment Management Inc. now owns 5,930 shares of the company’s stock valued at $283,000 after buying an additional 154 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Oshkosh Corp. by 8.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 291,372 shares of the company’s stock valued at $13,902,000 after buying an additional 23,539 shares in the last quarter. 95.60% of the stock is owned by institutional investors.

About Oshkosh Corp.

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.

5 Day Chart for NYSE:OSK

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