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 down 0.6%. By the end of trading, Oshkosh Corporation fell 41 cents (-1.1%) to $38.15 on light volume. Throughout the day, 964,466 shares of Oshkosh Corporation exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $37.46-$38.20 after having opened the day at $38.20 as compared to the previous trading day's close of $38.56. Other companies within the Automotive industry that declined today were: Superior Industries International ( SUP), down 10.2%, Federal-Mogul ( FDML), down 8.2%, Orbital Corporation ( OBT), down 6.6%, and LKQ Corporation ( LKQ), down 3.6%.
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Oshkosh Corporation designs, manufactures, and markets a range of specialty vehicles and vehicle bodies worldwide. Oshkosh Corporation has a market cap of $3.39 billion and is part of the consumer goods sector. The company has a P/E ratio of 15, below the S&P 500 P/E ratio of 17.7. Shares are up 30.8% 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, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Gentherm ( THRM), up 3%, Strattec Security Corporation ( STRT), up 2%, Drew Industries ( DW), up 1.9%, and Modine Manufacturing Company ( MOD), up 1.8%, were all gainers within the automotive industry with Autoliv ( ALV) being today's featured automotive industry leader.

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).

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