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

Shares of Oshkosh Co. (NYSE:OSK) have been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. One equities 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 12-month price target among analysts that have issued ratings on the stock in the last year is $123.14.

A number of research firms have commented on OSK. JPMorgan Chase & Co. lifted their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Robert W. Baird decreased their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus lowered their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Evercore ISI reduced their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Truist Financial lowered their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th.

Oshkosh Price Performance

Oshkosh stock opened at $111.29 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The stock has a market cap of $7.24 billion, a P/E ratio of 10.80, a PEG ratio of 1.09 and a beta of 1.18. The company has a 50-day moving average price of $103.24 and a 200 day moving average price of $107.10. Oshkosh has a 12-month low of $93.27 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Sell-side analysts anticipate that Oshkosh will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, November 15th. Oshkosh’s dividend payout ratio is currently 17.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of Oshkosh during the 3rd quarter worth $25,000. Headlands Technologies LLC purchased a new stake in Oshkosh during the 1st quarter worth about $31,000. Bessemer Group Inc. boosted its position in shares of Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after acquiring an additional 289 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Oshkosh by 5,563.6% in the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after acquiring an additional 612 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its position in shares of Oshkosh by 547.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock worth $72,000 after acquiring an additional 564 shares in the last quarter. Hedge funds and other 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.