KeyCorp reaffirmed their buy rating on shares of Oshkosh Corporation (NYSE:OSK) in a research note released on Sunday morning. The brokerage currently has a $85.00 target price on the stock.

A number of other research firms have also recently weighed in on OSK. Drexel Hamilton upgraded shares of Oshkosh Corporation from a hold rating to a buy rating and set a $83.00 target price on the stock in a research note on Friday, August 4th. Bank of America Corporation upgraded shares of Oshkosh Corporation from an underperform rating to a neutral rating and lifted their target price for the company from $60.00 to $78.00 in a research note on Thursday, August 3rd. Jefferies Group LLC restated a buy rating and set a $85.00 target price on shares of Oshkosh Corporation in a research note on Thursday, July 13th. Royal Bank Of Canada lifted their target price on shares of Oshkosh Corporation from $80.00 to $85.00 and gave the company an outperform rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus restated a buy rating and set a $80.00 target price on shares of Oshkosh Corporation in a research note on Thursday, August 3rd. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $76.50.

Oshkosh Corporation (NYSE:OSK) opened at 79.69 on Friday. The company has a market cap of $5.96 billion, a PE ratio of 23.65 and a beta of 1.77. Oshkosh Corporation has a 12-month low of $50.77 and a 12-month high of $79.83. The stock has a 50 day moving average of $74.30 and a 200 day moving average of $69.56.

Oshkosh Corporation (NYSE:OSK) last released its earnings results on Wednesday, August 2nd. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.51. Oshkosh Corporation had a net margin of 3.83% and a return on equity of 14.49%. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the company earned $1.13 EPS. Oshkosh Corporation’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts expect that Oshkosh Corporation will post $3.95 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.05%. The ex-dividend date was Wednesday, August 16th. Oshkosh Corporation’s payout ratio is currently 25.07%.

In other news, Director Craig P. Omtvedt sold 7,050 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $74.82, for a total value of $527,481.00. Following the sale, the director now directly owns 32,374 shares in the company, valued at approximately $2,422,222.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP R Scott Grennier sold 4,883 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $74.40, for a total transaction of $363,295.20. Following the completion of the sale, the vice president now owns 4,912 shares in the company, valued at $365,452.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,533 shares of company stock worth $3,810,466. Corporate insiders own 2.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Raymond James Trust N.A. increased its holdings in shares of Oshkosh Corporation by 0.9% in the 2nd quarter. Raymond James Trust N.A. now owns 3,054 shares of the company’s stock worth $210,000 after buying an additional 28 shares during the last quarter. Hanseatic Management Services Inc. increased its holdings in shares of Oshkosh Corporation by 0.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 15,738 shares of the company’s stock worth $1,084,000 after buying an additional 41 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Oshkosh Corporation by 1.2% in the 2nd quarter. M&T Bank Corp now owns 5,135 shares of the company’s stock worth $353,000 after buying an additional 61 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Oshkosh Corporation by 3.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,039 shares of the company’s stock worth $140,000 after buying an additional 68 shares during the last quarter. Finally, 1st Global Advisors Inc. increased its holdings in shares of Oshkosh Corporation by 2.2% in the 1st quarter. 1st Global Advisors Inc. now owns 4,303 shares of the company’s stock worth $295,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 94.64% of the company’s stock.

About Oshkosh Corporation

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.

Analyst Recommendations for Oshkosh Corporation (NYSE:OSK)

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