Oshkosh (NYSE:OSK) Receives New Coverage from Analysts at Raymond James

Raymond James started coverage on shares of Oshkosh (NYSE:OSK) in a report released on Friday, Marketbeat Ratings reports. The firm issued an outperform rating and a $125.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their price objective on Oshkosh from $120.00 to $130.00 and gave the company a neutral rating in a report on Tuesday, April 16th. Truist Financial raised their price objective on Oshkosh from $121.00 to $132.00 and gave the company a hold rating in a report on Friday, April 26th. DA Davidson upgraded shares of Oshkosh from a neutral rating to a buy rating and raised their target price for the company from $122.00 to $130.00 in a research note on Friday, March 1st. StockNews.com downgraded shares of Oshkosh from a buy rating to a hold rating in a research note on Friday, April 26th. Finally, Robert W. Baird raised their price objective on shares of Oshkosh from $158.00 to $190.00 and gave the stock an outperform rating in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $127.25.

Oshkosh Price Performance

OSK stock opened at $108.20 on Friday. The stock has a 50-day moving average price of $113.33 and a two-hundred day moving average price of $112.81. The stock has a market cap of $7.08 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.03 and a beta of 1.26. 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 has a 1 year low of $83.25 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 EPS. Equities analysts forecast that Oshkosh will post 11.17 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 13th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a yield of 1.70%. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC increased its stake in Oshkosh by 161.6% in the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 139 shares during the last quarter. Headlands Technologies LLC bought a new position in Oshkosh in the first quarter valued at approximately $31,000. Rise Advisors LLC increased its stake in Oshkosh by 215.5% in the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after acquiring an additional 181 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Oshkosh by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after buying an additional 111 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Oshkosh during the fourth quarter worth $42,000. 92.36% of the stock is owned by institutional investors.

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.