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

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OSK shares. JPMorgan Chase & Co. lowered their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday. Citigroup lowered their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday. Truist Financial boosted their target price on shares of Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. UBS Group reduced their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Robert W. Baird dropped 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Oshkosh has a consensus rating of “Hold” and a consensus target price of $122.31.

Oshkosh Stock Performance

The stock has a market capitalization of $6.05 billion, a PE ratio of 9.03, a PEG ratio of 0.98 and a beta of 1.21. 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 firm’s 50-day simple moving average is $103.12 and its two-hundred day simple moving average is $103.77.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, equities research analysts expect that Oshkosh Co. will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid 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 of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is currently 17.86%.

Hedge Funds Weigh In On Oshkosh

Hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in Oshkosh in the third quarter valued at about $25,000. Brooklyn Investment Group bought a new stake in shares of Oshkosh in the 3rd quarter valued at approximately $34,000. International Assets Investment Management LLC increased its holdings in Oshkosh by 9,922.2% in the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock worth $90,000 after buying an additional 893 shares during the last quarter. Venturi Wealth Management LLC raised its position in Oshkosh by 35.5% during the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $100,000 after acquiring an additional 262 shares in the last quarter. Finally, KBC Group NV lifted its stake in Oshkosh by 15.2% in the third quarter. KBC Group NV now owns 1,666 shares of the company’s stock valued at $167,000 after acquiring an additional 220 shares during the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

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.