Oshkosh (NYSE:OSK) Price Target Raised to $116.00

Oshkosh (NYSE:OSK) had its price target increased by Truist Financial from $113.00 to $116.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. UBS Group decreased their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Robert W. Baird decreased their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $123.00.

Oshkosh Stock Performance

NYSE OSK opened at $93.84 on Thursday. 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 company has a market capitalization of $6.11 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19. The business’s 50-day moving average price is $106.87 and its 200 day moving average price is $105.39. Oshkosh has a twelve month low of $93.34 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK) last issued its 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 business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, research analysts predict that Oshkosh will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

Institutional Investors Weigh In On Oshkosh

Several large investors have recently made changes to their positions in OSK. Greenhaven Associates Inc. increased its stake in Oshkosh by 0.8% during the 3rd quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock valued at $254,181,000 after buying an additional 19,442 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Oshkosh by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after buying an additional 78,235 shares during the period. American Century Companies Inc. grew its holdings in shares of Oshkosh by 19.6% during the second 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 grew its holdings 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 in the last quarter. Finally, Geode Capital Management LLC raised its position in Oshkosh by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock valued at $109,250,000 after buying an additional 10,357 shares during the period. Institutional investors and hedge funds 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.