Oshkosh (NYSE:OSK) PT Raised to $140.00

Oshkosh (NYSE:OSK) had its price target raised by Stifel Nicolaus from $135.00 to $140.00 in a research report sent to investors on Friday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other analysts have also weighed in on OSK. JPMorgan Chase & Co. raised their target price on shares of Oshkosh from $120.00 to $130.00 and gave the company a neutral rating in a research report on Tuesday, April 16th. The Goldman Sachs Group raised their price target on shares of Oshkosh from $104.00 to $116.00 and gave the company a neutral rating in a research note on Wednesday, January 31st. DA Davidson raised shares of Oshkosh from a neutral rating to a buy rating and raised their price target for the company from $122.00 to $130.00 in a research note on Friday, March 1st. Evercore ISI raised their price target on shares of Oshkosh from $122.00 to $124.00 and gave the company an outperform rating in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company raised their price target on shares of Oshkosh from $114.00 to $122.00 and gave the company an equal weight rating in a research note on Wednesday, January 31st. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of Moderate Buy and an average price target of $123.50.

Oshkosh Stock Down 0.9 %

Shares of OSK opened at $117.66 on Friday. Oshkosh has a 12 month low of $72.09 and a 12 month high of $127.98. The firm’s 50 day moving average is $117.49 and its 200-day moving average is $107.07. The stock has a market capitalization of $7.72 billion, a PE ratio of 11.25, a P/E/G ratio of 1.39 and a beta of 1.29. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the business posted $1.59 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Equities research analysts forecast that Oshkosh will post 11.25 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, May 10th. Oshkosh’s dividend payout ratio (DPR) is currently 17.61%.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of Oshkosh stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OSK. CWM LLC grew its holdings in shares of Oshkosh by 18.8% during the third quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $218,000 after buying an additional 362 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Oshkosh during the third quarter valued at about $1,325,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Oshkosh during the third quarter valued at about $86,000. Commonwealth Equity Services LLC grew its holdings in shares of Oshkosh by 8.4% during the third quarter. Commonwealth Equity Services LLC now owns 28,652 shares of the company’s stock valued at $2,734,000 after buying an additional 2,226 shares during the last quarter. Finally, FinTrust Capital Advisors LLC acquired a new position in shares of Oshkosh during the third quarter valued at about $191,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.