Oshkosh Co. (NYSE:OSK) Short Interest Down 17.7% in November

Oshkosh Co. (NYSE:OSK) saw a large 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 short-interest ratio is currently 2.1 days. Currently, 1.9% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Robert W. Baird reduced their target price 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. 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. UBS Group dropped their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Evercore ISI dropped their target price on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $122.86.

Oshkosh Price Performance

Shares of OSK traded down $1.45 during trading hours on Friday, hitting $100.00. 486,380 shares of the stock were exchanged, compared to its average volume of 513,327. The stock’s 50-day moving average price is $107.37 and its two-hundred day moving average price is $105.91. Oshkosh has a 12-month low of $93.34 and a 12-month high of $127.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The company 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.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Research analysts expect that Oshkosh will post 11.35 earnings per share 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 given a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.84%. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Oshkosh during the 2nd quarter worth $1,500,000. OFI Invest Asset Management acquired a new stake in shares of Oshkosh during the second quarter valued at about $1,545,000. Y Intercept Hong Kong Ltd boosted its position in Oshkosh by 57.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after buying an additional 7,334 shares during the period. Horizon Kinetics Asset Management LLC lifted its stake in Oshkosh by 3.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after acquiring an additional 4,680 shares during the last quarter. Finally, Equity Investment Corp grew its holdings in Oshkosh by 1.5% during the 3rd quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock worth $59,012,000 after acquiring an additional 8,611 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Company Profile

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.