Oshkosh Co. (NYSE:OSK) Short Interest Update

Oshkosh Co. (NYSE:OSK) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,470,000 shares, an increase of 25.6% from the October 31st total of 1,170,000 shares. Based on an average daily volume of 551,500 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.3% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of brokerages recently commented on OSK. Evercore ISI lowered their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. JPMorgan Chase & Co. boosted their target price on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Robert W. Baird decreased their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Truist Financial decreased their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Oshkosh has an average rating of “Hold” and a consensus price target of $123.14.

Institutional Investors Weigh In On Oshkosh

Several institutional investors have recently bought and sold shares of OSK. V Square Quantitative Management LLC bought a new stake in shares of Oshkosh during the 3rd quarter worth approximately $25,000. Brooklyn Investment Group bought a new stake in shares of Oshkosh during the 3rd quarter worth approximately $34,000. Versant Capital Management Inc raised its stake in shares of Oshkosh by 5,563.6% during the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock worth $67,000 after purchasing an additional 612 shares in the last quarter. Eagle Bay Advisors LLC raised its stake in shares of Oshkosh by 547.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock worth $72,000 after purchasing an additional 564 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Oshkosh by 26.2% during the 2nd quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock worth $79,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Down 1.3 %

Shares of NYSE:OSK traded down $1.46 during trading on Monday, hitting $112.15. 386,005 shares of the company’s stock traded hands, compared to its average volume of 505,082. Oshkosh has a 52 week low of $93.34 and a 52 week high of $127.98. 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 company has a market cap of $7.30 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18. The company has a 50-day moving average price of $106.07 and a 200-day moving average price of $106.51.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. As a group, research analysts forecast that Oshkosh will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

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.