UBS Group Cuts Oshkosh (NYSE:OSK) Price Target to $125.00

Oshkosh (NYSE:OSK) had its target price trimmed by UBS Group from $129.00 to $125.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial dropped their target price on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Evercore ISI lowered their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. Robert W. Baird reduced their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their target price on Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Oshkosh currently has an average rating of “Hold” and an average target price of $122.86.

Oshkosh Price Performance

Shares of NYSE OSK opened at $100.00 on Thursday. The firm has a market cap of $6.51 billion, a P/E ratio of 9.71, a PEG ratio of 1.01 and a beta of 1.19. Oshkosh has a twelve month low of $93.34 and a twelve month high of $127.98. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $107.37 and a 200 day moving average of $105.91.

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

Oshkosh Announces Dividend

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

Institutional Inflows and Outflows

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