Oshkosh (NYSE:OSK) Upgraded at KeyCorp

KeyCorp upgraded shares of Oshkosh (NYSE:OSK) from a sector weight rating to an overweight rating in a research note published on Friday, Marketbeat Ratings reports. KeyCorp currently has $113.00 price objective on the stock.

Other equities analysts have also issued reports about the stock. Truist Financial decreased their price objective on shares of Oshkosh from $116.00 to $109.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Citigroup dropped their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price target on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird cut their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, UBS Group dropped their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $121.14.

Oshkosh Stock Up 1.3 %

Shares of NYSE:OSK opened at $97.48 on Friday. The stock has a market cap of $6.34 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 1.01 and a beta of 1.21. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh has a 52-week low of $89.08 and a 52-week high of $127.98. The business’s 50 day moving average is $100.33 and its 200 day moving average is $103.17.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data 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 company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Sell-side analysts predict that Oshkosh will post 11.35 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

Hedge Funds Weigh In On Oshkosh

Institutional investors have recently added to or reduced their stakes in the stock. Trust Point Inc. increased its position in Oshkosh by 114.1% during the fourth quarter. Trust Point Inc. now owns 4,972 shares of the company’s stock worth $473,000 after purchasing an additional 2,650 shares during the last quarter. Capital Insight Partners LLC raised its position in shares of Oshkosh by 6.9% during the 4th quarter. Capital Insight Partners LLC now owns 4,428 shares of the company’s stock valued at $421,000 after buying an additional 285 shares during the period. Heck Capital Advisors LLC purchased a new position in Oshkosh in the fourth quarter worth approximately $114,000. New Wave Wealth Advisors LLC acquired a new stake in Oshkosh during the fourth quarter worth $179,000. Finally, R Squared Ltd purchased a new stake in Oshkosh in the fourth quarter valued at $142,000. 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.