Oshkosh Co. (NYSE:OSK) Receives Average Rating of “Hold” from Brokerages

Shares of Oshkosh Co. (NYSE:OSK) have been given an average rating of “Hold” by the fourteen brokerages that are presently covering the stock, MarketBeat reports. One investment 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 brokerages that have issued ratings on the stock in the last year is $123.00.

A number of equities analysts have commented on OSK shares. Truist Financial upped their target price on shares of Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. UBS Group reduced their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. 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, JPMorgan Chase & Co. increased their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th.

Hedge Funds Weigh In On Oshkosh

A number of hedge funds have recently made changes to their positions in OSK. Commonwealth Equity Services LLC increased its position in shares of Oshkosh by 3.3% during the second quarter. Commonwealth Equity Services LLC now owns 30,044 shares of the company’s stock worth $3,251,000 after purchasing an additional 954 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Oshkosh by 23.6% during the second quarter. Foundations Investment Advisors LLC now owns 2,167 shares of the company’s stock worth $234,000 after buying an additional 414 shares in the last quarter. National Bank of Canada FI raised its position in shares of Oshkosh by 2.6% in the second quarter. National Bank of Canada FI now owns 10,643 shares of the company’s stock valued at $1,121,000 after buying an additional 272 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Oshkosh by 36.5% in the second quarter. Victory Capital Management Inc. now owns 282,732 shares of the company’s stock worth $30,592,000 after buying an additional 75,572 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Oshkosh by 2.1% during the second quarter. Arizona State Retirement System now owns 18,357 shares of the company’s stock worth $1,986,000 after acquiring an additional 380 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

NYSE:OSK opened at $95.07 on Thursday. The company has a market capitalization of $6.19 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.98 and a beta of 1.19. Oshkosh has a 12 month low of $92.61 and a 12 month high of $127.98. The business’s 50-day moving average is $105.19 and its 200 day moving average is $104.56. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15.

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

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

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.