Oshkosh Corporation (OSK): Today's Featured Automotive Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Oshkosh Corporation (OSK) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day up 1%. By the end of trading, Oshkosh Corporation fell 47 cents (-1.2%) to $39.51 on light volume. Throughout the day, 677,925 shares of Oshkosh Corporation exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $39.06-$39.89 after having opened the day at $39.88 as compared to the previous trading day's close of $39.98. Other companies within the Automotive industry that declined today were: Supreme Industries (STS), down 9.5%, China Zenix Auto International Ltd ADR (ZX), down 2%, Strattec Security Corporation (STRT), down 1.8%, and China Automotive Systems (CAAS), down 1.8%.

• EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Oshkosh Corporation designs, manufactures, and markets a range of specialty vehicles and vehicle bodies worldwide. Oshkosh Corporation has a market cap of $3.49 billion and is part of the consumer goods sector. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7. Shares are up 34.8% year to date as of the close of trading on Thursday. Currently there are six analysts that rate Oshkosh Corporation a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Oshkosh Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

• You can view the full Oshkosh Ratings Report.

On the positive front, Orbital Corporation (OBT), up 7.4%, Lear Corporation (LEA), up 6.3%, Monro Muffler Brake (MNRO), up 4%, and Tenneco (TEN), up 3.7%, were all gainers within the automotive industry with BorgWarner (BWA) being today's featured automotive industry leader.

• Use our automotive section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR (XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods (SZK).

• Find other investment ideas from our top rated ETFs lists.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.

For more information on Oshkosh Corporation click any of the following:

• Oshkosh Corporation Stock Price

• Oshkosh Corporation Analyst Ratings

• Oshkosh Corporation Key Stats & Profile

• Oshkosh Corporation Earnings

• Oshkosh Corporation Ratio Comparison

• Oshkosh Corporation Growth Rates

• Oshkosh Corporation Balance Sheet

• Oshkosh Corporation Cash Flow

• Oshkosh Corporation Income Statement