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

Shares of Oshkosh Co. (NYSE:OSK) have received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $126.23.

Several brokerages have recently commented on OSK. Robert W. Baird reduced their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Raymond James upped their price target on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Morgan Stanley raised their target price on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Finally, UBS Group boosted their price target on Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd.

Oshkosh Stock Performance

NYSE:OSK opened at $110.39 on Friday. The company has a market cap of $7.18 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.44 and a beta of 1.23. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $99.89 and its two-hundred day moving average is $103.04. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98.

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

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a $0.51 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is 19.71%.

Hedge Funds Weigh In On Oshkosh

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSK. Mackenzie Financial Corp purchased a new stake in shares of Oshkosh in the fourth quarter valued at $531,000. Forum Financial Management LP acquired a new position in Oshkosh during the fourth quarter valued at $237,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Oshkosh by 4.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,069 shares of the company’s stock worth $16,549,000 after acquiring an additional 8,087 shares in the last quarter. Voloridge Investment Management LLC boosted its position in Oshkosh by 48.3% during the 4th quarter. Voloridge Investment Management LLC now owns 476,419 shares of the company’s stock worth $45,293,000 after acquiring an additional 155,182 shares during the period. Finally, Squarepoint Ops LLC grew its stake in Oshkosh by 23.3% during the 4th quarter. Squarepoint Ops LLC now owns 231,640 shares of the company’s stock valued at $22,022,000 after acquiring an additional 43,749 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

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.