Oshkosh Corporation (NYSE: OSK) stock fell -1.32% on Friday to $86.08 against a previous-day closing price of $87.23. With 0.41 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.59 million shares. During the session, the Farm & Heavy Construction Machinery company that operates in wider Industrials sector, reached to the highest price of $87.59 whereas the lowest price it dropped to was $85.97. The 52-week range on OSK shows that it touched its highest point at $125.16 and its lowest point at $77.89 during that stretch. It currently has a 1-year price target of $100.97. With its current market cap of 5.69 billion, OSK has annualized dividend of $1.48 while the current yield stands at 1.72%. Beta for the stock currently stands at 1.35.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OSK was up-trending over the past week, with a rise of 1.76%, but this was up by 1.55% over a month. Three-month performance dropped to -12.52% while six-month performance fell -26.28%. The stock lost -28.44% in the past year, while it has lost -23.63% so far this year. A look at the trailing 12-month EPS for OSK yields 4.43 with Next year EPS estimates of 9.19. For the next quarter, that number is 0.90. This implies an EPS growth rate of -98.70% for this year and 71.36% for next year. EPS is expected to grow by 20.82% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -52.50%.
Float and Shares Shorts:
At present, 66.39 million OSK shares are outstanding with a float of 65.36 million shares on hand for trading. On Apr 28, 2022, short shares totaled 2.24 million, which was 3.40% higher than short shares on Mar 30, 2022. In addition to Mr. John C. Pfeifer as the firm’s Pres, CEO & Director, Mr. Michael E. Pack serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 95.03% of OSK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.10% of OSK, in contrast to 40.67% held by mutual funds. Shares owned by individuals account for 4.46%. As the largest shareholder in OSK with 12.04% of the stake, Aristotle Capital Management LLC holds 7,919,555 shares worth 7,919,555. A second-largest stockholder of OSK, The Vanguard Group, Inc., holds 6,060,815 shares, controlling over 9.21% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in OSK, holding 5,057,851 shares or 7.69% stake. With a 2.94% stake in OSK, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,934,556 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.88% of OSK stock, is the second-largest Mutual Fund holder. It holds 1,895,147 shares valued at 155.67 million. Vanguard Small Cap Index Fund holds 2.53% of the stake in OSK, owning 1,662,896 shares worth 136.59 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OSK since 19 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 9 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OSK analysts setting a high price target of $125.00 and a low target of $80.50, the average target price over the next 12 months is $96.97. Based on these targets, OSK could surge 45.21% to reach the target high and fall by -6.48% to reach the target low. Reaching the average price target will result in a growth of 12.65% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. OSK will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of $5.64 being high and $4.84 being low. For OSK, this leads to a yearly average estimate of $5.26. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Oshkosh Corporation surprised analysts by $0.08 when it reported $0.24 EPS against a consensus estimate of $0.16. The surprise factor in the prior quarter was $0.06. Based on analyst estimates, the high estimate for the next quarter is $1.15 and the low estimate is $0.60. The average estimate for the next quarter is thus $0.90.
Summary of Insider Activity:
Insiders traded OSK stock several times over the past three months with 13 Buys and 4 Sells. In these transactions, 25,955 shares were bought while 11,290 shares were sold. The number of buy transactions has increased to 150 while that of sell transactions has risen to 108 over the past year. The total number of shares bought during that period was 147,590 while 67,048 shares were sold.
