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

Oshkosh Co. (NYSE:OSK) 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.

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:OSK) 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

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.