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

Oshkosh Co. (NYSE:OSK) has earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $123.14.

OSK has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Truist Financial lowered their price objective on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Robert W. Baird reduced their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Evercore ISI decreased their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th.

Oshkosh Price Performance

NYSE:OSK opened at $106.63 on Friday. Oshkosh has a one year low of $93.34 and a one year high of $127.98. The stock has a market cap of $6.94 billion, a PE ratio of 10.35, a P/E/G ratio of 1.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The stock has a 50 day moving average price of $107.14 and a 200 day moving average price of $106.36.

Oshkosh (NYSE:OSK) last issued its 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. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. Equities research analysts expect that Oshkosh will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

Institutional Trading of Oshkosh

Large investors have recently modified their holdings of the stock. Greenhaven Associates Inc. increased its stake in shares of Oshkosh by 0.8% during the third quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock worth $254,181,000 after buying an additional 19,442 shares during the period. Dimensional Fund Advisors LP grew its holdings in Oshkosh by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after acquiring an additional 78,235 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Oshkosh by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after purchasing an additional 235,496 shares in the last quarter. FMR LLC lifted its position in shares of Oshkosh by 3.3% during the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company’s stock worth $122,646,000 after purchasing an additional 39,235 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Oshkosh by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock worth $109,250,000 after purchasing an additional 10,357 shares during 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.