Oshkosh (NYSE:OSK) Price Target Raised to $127.00

Oshkosh (NYSE:OSK) had its price objective hoisted by JPMorgan Chase & Co. from $115.00 to $127.00 in a report issued on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

OSK has been the subject of a number of other reports. Citigroup lowered their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. UBS Group lowered their target price 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 price target 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. Raymond James raised their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Truist Financial raised their price target on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.25.

Oshkosh Stock Up 2.7 %

NYSE:OSK opened at $116.30 on Friday. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The stock has a market capitalization of $7.57 billion, a P/E ratio of 11.29, a P/E/G ratio of 1.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The company’s 50-day simple moving average is $99.78 and its 200-day simple moving average is $102.95.

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

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.75%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh’s payout ratio is presently 19.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Oshkosh during the 4th quarter valued at approximately $23,285,000. Assenagon Asset Management S.A. raised its holdings in shares of Oshkosh by 3,329.3% in the third quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after buying an additional 233,218 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Oshkosh by 154.9% during the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock worth $16,044,000 after purchasing an additional 97,282 shares in the last quarter. Edgestream Partners L.P. lifted its position in shares of Oshkosh by 704.3% during the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after acquiring an additional 59,566 shares during the period. Finally, Holocene Advisors LP purchased a new position in shares of Oshkosh during the 3rd quarter worth approximately $5,375,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

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.