Oshkosh (NYSE:OSK) Price Target Raised to $137.00 at Evercore ISI

Oshkosh (NYSE:OSK) had its target price hoisted by Evercore ISI from $122.00 to $137.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently commented on OSK. Morgan Stanley boosted their target price on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Bank of America lifted their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Truist Financial upped their price objective on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, January 31st. KeyCorp lifted their price objective on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Citigroup dropped their target price on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.23.

Oshkosh Trading Up 0.6 %

Oshkosh stock opened at $109.82 on Wednesday. Oshkosh has a 52 week low of $89.08 and a 52 week high of $127.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 1.42 and a beta of 1.23. The company has a 50 day moving average price of $99.71 and a 200 day moving average price of $102.99.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Research analysts forecast that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.86%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, February 14th. Oshkosh’s dividend payout ratio is 19.71%.

Hedge Funds Weigh In On Oshkosh

Several institutional investors have recently added to or reduced their stakes in OSK. Synovus Financial Corp boosted its stake in Oshkosh by 0.4% in the fourth quarter. Synovus Financial Corp now owns 30,357 shares of the company’s stock worth $2,886,000 after purchasing an additional 106 shares in the last quarter. Coppell Advisory Solutions LLC raised its position in shares of Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after acquiring an additional 110 shares during the last quarter. Captrust Financial Advisors lifted its stake in Oshkosh by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company’s stock valued at $310,000 after buying an additional 122 shares during the period. Blue Trust Inc. raised its position in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares during the period. Finally, Carolina Wealth Advisors LLC raised its holdings in Oshkosh by 2.5% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock worth $576,000 after purchasing an additional 146 shares during the period. 92.36% of the stock is owned by 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.