Oshkosh (NYSE:OSK) Price Target Raised to $130.00

Oshkosh (NYSE:OSK) had its price target raised by Raymond James from $125.00 to $130.00 in a report released on Friday,Benzinga reports. Raymond James currently has an outperform rating on the stock.

OSK has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered their price objective on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Citigroup dropped their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird dropped their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. UBS Group reduced their price target on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Truist Financial increased their target price on Oshkosh from $109.00 to $118.00 and gave the company 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $125.25.

Oshkosh Price Performance

OSK opened at $116.30 on Friday. The stock’s 50 day simple moving average is $99.78 and its 200 day simple moving average is $102.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh has a 1 year low of $89.08 and a 1 year high of $127.98. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.72 and a beta of 1.21.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share 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%. As a group, analysts predict that Oshkosh will post 11.34 earnings per share for the current year.

Oshkosh Increases Dividend

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

Institutional Investors Weigh In On Oshkosh

Institutional investors have recently bought and sold shares of the company. Bank of Jackson Hole Trust acquired a new position in shares of Oshkosh during the 4th quarter worth approximately $44,000. Venturi Wealth Management LLC raised its position in Oshkosh by 24.9% in the fourth quarter. Venturi Wealth Management LLC now owns 1,250 shares of the company’s stock valued at $119,000 after purchasing an additional 249 shares during the period. Truist Financial Corp raised its position in Oshkosh by 3.7% in the fourth quarter. Truist Financial Corp now owns 19,482 shares of the company’s stock valued at $1,852,000 after purchasing an additional 687 shares during the period. Manchester Capital Management LLC raised its position in Oshkosh by 11.1% in the fourth quarter. Manchester Capital Management LLC now owns 2,143 shares of the company’s stock valued at $204,000 after purchasing an additional 214 shares during the period. Finally, Blue Trust Inc. raised its position in Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after purchasing an additional 138 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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.