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Tag: OSK Stock

  • Why Oshkosh Corp (OSK) is making big gains while Workhorse is on the decline

    Why Oshkosh Corp (OSK) is making big gains while Workhorse is on the decline

    The stock of Oshkosh Corp (OSK) has shown a gain, today. The company grew over 7.94% at $118.32 in pre-market trading today.‎

    Oshkosh corporation which was previously known as Oshkosh Truck is basically an American industrial company which deals with the designing and making of specialty trucks, military vehicles, truck bodies, airport fire apparatus, and access equipment.

    The rise in the stock of OSK took place after they won a multi-billion dollar USPS contract from their rival company i-e Workhorse. The stock of Workhorse declined about 47.5% on Tuesday which was a huge setback but it didn’t stop and another 8.3% loss happened after the extended trade.

    Under this recent development, USPS has given a 10-year contract to OSK. The main goal being assigned to Oshkosh is to manufacture a new generation of US-built Postal delivery vehicles. The initial investment in this contract is about $428M. With this investment, Oshkosh Defense will give the final production design of the next-generation delivery vehicle. The initial investment is also for plant tooling and build-out for the US manufacturing facility where the final assembling of vehicles will take place.  The objective of OSK is to assemble 50k to 165k vehicles over 10 years.

    The new generation vehicles are going to be designed in a way that they will be equipped with either fuel-efficient internal combustion engines or battery electric power trains. This put more emphasis on how this contract will give a boost to the company. 

    Finally,

    This contract is not the final step rather it is the first part of a multi-billion-dollar 10-year effort to replace the postal delivery vehicle fleet. It will be highly effective for the company and its stand in the market.

  • Don’t Miss these 10 Farm & Heavy Construction Machinery Stocks ‎

    Don’t Miss these 10 Farm & Heavy Construction Machinery Stocks ‎

    Companies that produce agriculture and construction machinery, including tractors, ‎planting devices, ‎harvesters, excavators, and machinery and equipment associated with ‎agriculture and construction, ‎are in the farm & heavy construction equipment industry. This ‎would often involve transportation ‎companies providing both local and long-distance ‎trucking and transfer services with freight and ‎passenger supplies.‎
    ‎ The following stocks are the best performers in Farm & Heavy Construction Machinery.‎‎

    AGCO Corporation (NYSE:AGCO) shares were trading up 3.09% at $102.88 at the ‎time of writing on Friday. The company recently revealed the election of Bob De Lange to its Board of ‎Directors effective January 1, 2021.

    AGCO Corporation (NYSE:AGCO) share price went from a low point around ‎‎$35.33 to briefly over $100.06 in past 52 weeks, though shares have since pulled back to $102.88. AGCO ‎market cap has remained high, hitting $7.48B at the time of writing, giving it price-to-sales ratio of ‎more than 0.

    ‎If we look at the recent analyst rating AGCO, Morgan Stanley upgraded ‎coverage on AGCO shares with an Overweight rating and a $103.53 price target, ‎which implies room for 0.65% upside momentum this year.

    Caterpillar Inc. (CAT) last closed at $180.96, in a 52-week range of $87.50 to ‎‎$183.81. On December 9, 2020, the board of directors of company voted to maintain the quarterly cash ‎dividend of one dollar and three cents ($1.03) per share of common stock, payable on February 19, ‎‎2021 to shareholders of record at the close of business on January 20, 2021. Analysts have a consensus ‎price target of $173.75.

    CNH Industrial N.V. (CNHI) stock soar by 3.17% to $12.06. The company recently ‎reported the early repayment of GBP 600,000,000 commercial paper under the Joint HM Treasury and ‎Bank of England’s Covid Corporate Financing Facility (CCFF) The most recent rating by Deutsche Bank, ‎on December 15, 2020, is at a Buy.

    Deere & Company (NYSE:DE) Shares headed rising, higher as much as 2.33%. ‎The firm lately revealed that it has been honored in the Robotics category of the 2021 CES Innovation ‎Awards, which recognize outstanding product design and engineering in consumer technology ‎products. The most recent rating by Oppenheimer, on December 15, 2020, is at an Outperform.

    Navistar International Corporation (NYSE:NAV) fall -0.09% after losing more ‎than -$0.04 on Friday.

    Oshkosh Corporation (OSK) last closed at $85.75, in a 52-week range of $46.72 ‎to $95.62. On December 4, 2020 the firm declared that it has been named to the 2020 Dow Jones ‎Sustainability World Index (DJSI), highlighting Oshkosh’s commitment to sustainable business ‎practices. Analysts have a consensus price target of $93.41.

    PACCAR Inc (PCAR) stock soar by 0.28% to $86.01. The most recent rating by ‎Morgan Stanley, on December 15, 2020, is at an Equal-weight.

    Terex Corporation (NYSE:TEX) Shares headed falling, lower as much as -1.86%. ‎The company reported on December 14, 2020, that Christopher Rossi has been appointed to the ‎Company’s Board of Directors, effective January 1, 2021. The most recent rating by Stifel, on ‎December 15, 2020, is at a Buy.

    Titan International Inc. (NYSE:TWI) rose 0.46% after gaining more than $0.02 on ‎Friday. The company on December 3, 2020 revealed the completion of the sale of its Brownsville, ‎Texas facility.

    Wabash National Corporation (WNC) last closed at $17.35, in a 52-week range of ‎‎$6.26 to $19.17. On December 16, 2020, the firm reported its intent to sell the Beall brand of tank ‎trailers and associated assets to MAC Trailer Enterprises Inc. Analysts have a consensus price target of ‎‎$18.60.