Oshkosh Co. (NYSE:OSK) Given Average Rating of “Moderate Buy” by Brokerages

Oshkosh Co. (NYSE:OSK) has been given an average recommendation of “Moderate Buy” by the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $126.94.

OSK has been the subject of a number of research reports. StockNews.com downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Bank of America boosted their price target on shares of Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 28th. Truist Financial boosted their price target on shares of Oshkosh from $121.00 to $132.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Stifel Nicolaus boosted their price target on shares of Oshkosh from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. lifted their price target on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th.

Oshkosh Trading Down 0.9 %

Shares of OSK stock opened at $105.52 on Friday. The firm has a market cap of $6.90 billion, a P/E ratio of 10.10, a PEG ratio of 1.04 and a beta of 1.26. Oshkosh has a 1-year low of $80.07 and a 1-year high of $127.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The firm’s 50-day simple moving average is $116.35 and its 200-day simple moving average is $112.27.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.89 EPS for the quarter, beating the consensus estimate 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 firm posted $1.59 earnings per share. Oshkosh’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts forecast that Oshkosh will post 11.17 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, May 10th. Oshkosh’s dividend payout ratio is 17.61%.

Hedge Funds Weigh In On Oshkosh

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSK. Atlas Capital Advisors LLC raised its position in Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after buying an additional 139 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Oshkosh in the 1st quarter valued at approximately $31,000. Rise Advisors LLC increased its position in shares of Oshkosh by 215.5% during the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after purchasing an additional 111 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Oshkosh during the 4th quarter worth approximately $42,000. Institutional investors own 92.36% of the company’s stock.

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.