Oshkosh Corporation (NYSE: OSK) is 27.36% higher on its value in year-to-date trading and has touched a low of $46.72 and a high of $104.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OSK stock was last observed hovering at around $103.28 in the last trading session, with the day’s gains setting it 6.34% off its average median price target of $110.50 for the next 12 months. It is also 12.3% off the consensus price target high of $125.00 offered by 16 analysts, but current levels are -19.15% lower than the price target low of $92.00 for the same period.
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Currently trading at $109.62, the stock is 13.52% and 19.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.29 million and changing 6.14% at the moment leaves the stock 37.49% off its SMA200. OSK registered 35.72% gain for a year compared to 6-month gain of 41.23%. The firm has a 50-day simple moving average (SMA 50) of $95.04 and a 200-day simple moving average (SMA200) of $82.83.
The stock witnessed a 15.41% loss in the last 1 month and extending the period to 3 months gives it a 36.70%, and is 10.69% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.04% over the week and 3.99% over the month.
Oshkosh Corporation (OSK) has around 14400 employees, a market worth around $7.28B and $6.74B in sales. Current P/E ratio is 23.68 and Fwd P/E is 14.91. Profit margin for the company is 4.70%. Distance from 52-week low is 134.63% and 5.05% from its 52-week high. The company has generated returns on investments over the last 12 months (10.20%).
Oshkosh Corporation (OSK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Oshkosh Corporation (OSK) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 1.80, where 4 rate it as a Hold and 2 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Oshkosh Corporation is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at $1.13 with sales reaching $1.75B over the same period.The EPS is expected to shrink by -43.20% this year, but quarterly earnings will post 4.60% year-over-year. Quarterly sales are estimated to shrink -2.80% in year-over-year returns.
Oshkosh Corporation (OSK) Top Institutional Holders
504 institutions hold shares in Oshkosh Corporation (OSK), with 464.33k shares held by insiders accounting for 0.68% while institutional investors hold 97.57% of the company’s shares. The shares outstanding are 68.24M, and float is at 67.96M with Short Float at 1.77%. Institutions hold 96.90% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 6.53 million shares valued at $562.32 million. The investor’s holdings represent 9.55% of the OSK Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 6.19 million shares valued at $532.92 million to account for 9.05% of the shares outstanding. The other top investors are Aristotle Capital Management, LLC which holds 4.13 million shares representing 6.04% and valued at over $355.71 million, while FMR, LLC holds 5.89% of the shares totaling 4.03 million with a market value of $346.64 million.
Oshkosh Corporation (OSK) Insider Activity
A total of 222 insider transactions have happened at Oshkosh Corporation (OSK) in the last six months, with sales accounting for 101 and purchases happening 121 times. The most recent transaction is an insider sale by Johnson James W., the company’s Exec. VP & Pres., Fire & Emerg. SEC filings show that Johnson James W. sold 7,500 shares of the company’s common stock on Feb 16 at a price of $99.53 per share for a total of $0.75 million. Following the sale, the insider now owns 44730.0 shares.
Oshkosh Corporation disclosed in a document filed with the SEC on Feb 08 that Brandt Bryan K (SVP & Chief Marketing Officer) sold a total of 2,250 shares of the company’s common stock. The trade occurred on Feb 08 and was made at $98.03 per share for $0.22 million. Following the transaction, the insider now directly holds 3774.0 shares of the OSK stock.
Still, SEC filings show that on Feb 08, Jones Wilson R (President and CEO) disposed off 89,575 shares at an average price of $97.08 for $8.7 million. The insider now directly holds 164,522 shares of Oshkosh Corporation (OSK).
Oshkosh Corporation (OSK): Who are the competitors?
The company’s main competitors (and peers) include Navistar International Corporation (NAV) that is trading 19.24% up over the past 12 months. Miller Industries Inc. (MLR) is 24.58% up on the 1-year trading charts. Short interest in the company’s stock has fallen -76.67% from the last report on Dec 30, 2020 to stand at a total of 2.12 million short shares sold with a short interest ratio of 1.58.