Oshkosh (NYSE:OSK) Given New $123.00 Price Target at Truist Financial

Oshkosh (NYSE:OSK) had its target price cut by Truist Financial from $132.00 to $123.00 in a report published on Tuesday, Benzinga reports. They currently have a hold rating on the stock.

OSK has been the subject of a number of other research reports. StockNews.com downgraded shares of Oshkosh from a buy rating to a hold rating in a research report on Friday, April 26th. Raymond James assumed coverage on Oshkosh in a report on Friday, June 28th. They issued an outperform rating and a $125.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Oshkosh from $120.00 to $130.00 and gave the stock a neutral rating in a report on Tuesday, April 16th. Robert W. Baird upped their price target on Oshkosh from $158.00 to $190.00 and gave the stock an outperform rating in a report on Friday, May 10th. Finally, Citigroup assumed coverage on Oshkosh in a report on Wednesday, June 26th. They issued a buy rating and a $130.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh presently has a consensus rating of Moderate Buy and an average target price of $126.69.

Oshkosh Stock Performance

NYSE:OSK opened at $105.85 on Tuesday. 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 has a market capitalization of $6.92 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 1.09 and a beta of 1.22. The company’s 50-day moving average is $112.76 and its two-hundred day moving average is $112.94. Oshkosh has a 1-year low of $84.60 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping 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 period in the prior year, the business posted $1.59 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts forecast that Oshkosh will post 11.17 EPS for the current year.

Oshkosh Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OSK. Vanguard Group Inc. raised its position in shares of Oshkosh by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after buying an additional 718,122 shares during the period. Greenhaven Associates Inc. raised its position in shares of Oshkosh by 0.5% in the 4th quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock worth $267,750,000 after buying an additional 11,100 shares during the period. LSV Asset Management raised its position in shares of Oshkosh by 5.5% in the 1st quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock worth $243,274,000 after buying an additional 102,330 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Oshkosh by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock worth $189,473,000 after buying an additional 122,786 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Oshkosh by 2.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 884,797 shares of the company’s stock worth $110,484,000 after buying an additional 21,063 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.