Oshkosh Co. (NYSE:OSK) Short Interest Update

Oshkosh Co. (NYSE:OSK) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 1,210,000 shares, a decline of 17.7% from the November 15th total of 1,470,000 shares. Based on an average daily trading volume, of 578,900 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.9% of the company’s shares are short sold.

Oshkosh Stock Down 1.4 %

OSK stock traded down $1.45 during trading on Friday, hitting $100.00. 486,380 shares of the stock traded hands, compared to its average volume of 513,327. Oshkosh has a 1 year low of $93.34 and a 1 year high of $127.98. The firm’s 50 day moving average is $107.37 and its two-hundred day moving average is $105.95. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.01 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate 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 net margin of 6.41% and a return on equity of 19.87%. On average, sell-side analysts anticipate that Oshkosh will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Friday, November 15th. Oshkosh’s payout ratio is presently 17.86%.

Institutional Trading of Oshkosh

Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. purchased a new position in shares of Oshkosh in the third quarter worth approximately $532,000. Synovus Financial Corp boosted its holdings in shares of Oshkosh by 10.5% in the third quarter. Synovus Financial Corp now owns 30,251 shares of the company’s stock worth $3,031,000 after buying an additional 2,865 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Oshkosh by 8.3% in the third quarter. Tidal Investments LLC now owns 10,841 shares of the company’s stock worth $1,086,000 after buying an additional 827 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Oshkosh by 18.9% in the third quarter. Sanctuary Advisors LLC now owns 14,704 shares of the company’s stock worth $1,473,000 after buying an additional 2,340 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Oshkosh in the third quarter worth approximately $504,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group decreased their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Truist Financial reduced their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI reduced their price objective on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, Robert W. Baird reduced their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Oshkosh presently has an average rating of “Hold” and a consensus target price of $122.86.

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.