Oshkosh (NYSE:OSK) Price Target Raised to $118.00

Oshkosh (NYSE:OSK) had its target price hoisted by Truist Financial from $109.00 to $118.00 in a report issued on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

A number of other equities research analysts have also recently commented on the company. UBS Group lowered their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. 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 research report on Thursday, October 31st. JPMorgan Chase & Co. dropped their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Citigroup decreased their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, KeyCorp lifted their target price on Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.25.

Oshkosh Trading Up 2.7 %

Shares of NYSE OSK opened at $116.30 on Friday. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. 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 stock has a fifty day simple moving average of $99.78 and a 200-day simple moving average of $102.95. The stock has a market capitalization of $7.57 billion, a PE ratio of 11.29, a PEG ratio of 1.72 and a beta of 1.21.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, equities analysts forecast that Oshkosh will post 11.34 earnings per share for the current year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be given a dividend of $0.51 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is presently 19.71%.

Hedge Funds Weigh In On Oshkosh

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Oshkosh by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after purchasing an additional 28,478 shares during the period. Virtu Financial LLC bought a new position in Oshkosh during the 3rd quarter valued at about $504,000. Barclays PLC lifted its stake in Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after acquiring an additional 32,435 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in shares of Oshkosh by 57.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after purchasing an additional 7,334 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its stake in shares of Oshkosh by 3.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after purchasing an additional 4,680 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.