Oshkosh Co. (NYSE:OSK) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Oshkosh Co. (NYSE:OSK) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $126.23.

Several research firms have commented on OSK. Morgan Stanley boosted their target price on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. UBS Group boosted their target price on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Bank of America boosted their target price on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. Evercore ISI boosted their price target on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Truist Financial boosted their price target on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday, January 31st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Heck Capital Advisors LLC acquired a new position in shares of Oshkosh during the 4th quarter worth approximately $114,000. Mackenzie Financial Corp acquired a new position in Oshkosh in the 4th quarter valued at $531,000. Forum Financial Management LP acquired a new position in Oshkosh in the 4th quarter valued at $237,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Oshkosh by 4.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,069 shares of the company’s stock valued at $16,549,000 after buying an additional 8,087 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in Oshkosh by 48.3% in the 4th quarter. Voloridge Investment Management LLC now owns 476,419 shares of the company’s stock valued at $45,293,000 after buying an additional 155,182 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

Oshkosh Trading Down 1.1 %

NYSE:OSK opened at $101.48 on Friday. The stock has a market capitalization of $6.55 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 1.45 and a beta of 1.22. The business’s 50-day simple moving average is $100.43 and its 200-day simple moving average is $103.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Sell-side analysts expect that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.01%. Oshkosh’s payout ratio is presently 19.71%.

Oshkosh Company Profile

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.