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

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 higher today making it today's featured automotive winner. The industry as a whole was unchanged today. By the end of trading, Oshkosh Corporation rose 77 cents (1.9%) to $40.60 on average volume. Throughout the day, 1.1 million shares of Oshkosh Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in a price between $39.50-$40.73 after having opened the day at $39.75 as compared to the previous trading day's close of $39.83. Other companies within the Automotive industry that increased today were: Fuel Systems Solutions ( FSYS), up 4.4%, Hyster-Yale Materials Handling ( HY), up 3.8%, Navistar International ( NAV), up 3.6%, and Motorcar Parts of America ( MPAA), up 2.8%.
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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 $3.49 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 34.3% year to date as of the close of trading on Tuesday. Currently there are five 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 negative front, Quantum Fuel Systems Technologies Worldwide ( QTWW), down 10%, Orbital Corporation ( OBT), down 5.5%, Shiloh Industries ( SHLO), down 4.6%, and Strattec Security Corporation ( STRT), down 3.8%, were all laggards within the automotive industry with General Motors ( GM) being today's automotive industry laggard.

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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