Oshkosh Co. (NYSE:OSK) Receives Average Rating of “Moderate Buy” from Analysts

Oshkosh Co. (NYSE:OSKGet Free Report) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $125.92.

OSK has been the topic of a number of research reports. Truist Financial raised their target price on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. UBS Group raised their price objective on shares of Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Morgan Stanley upped their target price on shares of Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. KeyCorp raised their price target on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Raymond James upped their price objective on Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, January 31st.

Read Our Latest Stock Analysis on OSK

Hedge Funds Weigh In On Oshkosh

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in Oshkosh by 17.0% in 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 in the last quarter. Barclays PLC grew its holdings in Oshkosh by 40.9% in the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after purchasing an additional 32,435 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Oshkosh in the third quarter valued at $504,000. Y Intercept Hong Kong Ltd raised its stake in shares of Oshkosh by 57.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after buying an additional 7,334 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its position 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 buying an additional 4,680 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Up 1.3 %

Shares of Oshkosh stock opened at $96.99 on Tuesday. The company has a fifty day simple moving average of $101.05 and a 200-day simple moving average of $102.55. Oshkosh has a 12-month low of $89.08 and a 12-month high of $127.98. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 1.45 and a beta of 1.21.

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

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Friday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio is currently 19.71%.

About Oshkosh

(Get Free Report

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.

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Analyst Recommendations for Oshkosh (NYSE:OSK)

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