Brokerages Set Oshkosh Co. (NYSE:OSK) PT at $123.14

Shares of Oshkosh Co. (NYSE:OSK) have earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $122.86.

Several research firms recently issued reports on OSK. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. UBS Group lowered their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday. Evercore ISI reduced their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Robert W. Baird decreased their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Truist Financial dropped their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th.

Institutional Trading of Oshkosh

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in Oshkosh during the second quarter worth about $1,500,000. Cetera Investment Advisers boosted its position in shares of Oshkosh by 772.9% during the 1st quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock worth $3,418,000 after purchasing an additional 24,269 shares during the period. OFI Invest Asset Management acquired a new stake in Oshkosh in the 2nd quarter valued at approximately $1,545,000. Y Intercept Hong Kong Ltd raised its position in Oshkosh by 57.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after purchasing an additional 7,334 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its stake in Oshkosh by 3.4% during the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after purchasing an additional 4,680 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Shares of OSK stock opened at $100.00 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. Oshkosh has a 12-month low of $93.34 and a 12-month high of $127.98. The business’s 50 day moving average is $107.37 and its two-hundred day moving average is $105.91. The company has a market capitalization of $6.51 billion, a P/E ratio of 9.71, a P/E/G ratio of 1.01 and a beta of 1.19.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Analysts expect that Oshkosh will post 11.35 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.84%. Oshkosh’s dividend payout ratio is currently 17.86%.

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.