Oshkosh (NYSE:OSK) Price Target Raised to $132.00

Oshkosh (NYSE:OSK) had its price objective raised by KeyCorp from $113.00 to $132.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued reports about the company. Citigroup cut their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird lowered their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Truist Financial reduced their price target on Oshkosh from $116.00 to $109.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. UBS Group lowered their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Oshkosh currently has an average rating of “Moderate Buy” and an average price target of $125.25.

Oshkosh Price Performance

NYSE:OSK opened at $116.30 on Friday. Oshkosh has a one year low of $89.08 and a one year high of $127.98. The company has a market cap 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 firm’s fifty day moving average price is $99.78 and its two-hundred day moving average price 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 (NYSE:OSK) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Equities analysts expect that Oshkosh will post 11.34 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed 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 is an increase from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.75%. Oshkosh’s payout ratio is 19.71%.

Hedge Funds Weigh In On Oshkosh

Large investors have recently bought and sold shares of the business. Bank of Montreal Can grew its holdings in Oshkosh by 71.8% in the second quarter. Bank of Montreal Can now owns 24,970 shares of the company’s stock worth $2,702,000 after purchasing an additional 10,438 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Oshkosh during the second quarter valued at $281,000. Sanctuary Advisors LLC purchased a new stake in shares of Oshkosh during the second quarter valued at $1,455,000. Capital Insight Partners LLC purchased a new stake in shares of Oshkosh during the third quarter valued at $415,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Oshkosh by 24.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,400 shares of the company’s stock valued at $1,442,000 after buying an additional 2,800 shares during the last quarter. 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.