Citigroup Begins Coverage on Oshkosh (NYSE:OSK)

Citigroup started coverage on shares of Oshkosh (NYSE:OSK) in a research note released on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $130.00 price target on the stock.

A number of other equities analysts also recently commented on OSK. Robert W. Baird raised their price objective on shares of Oshkosh from $158.00 to $190.00 and gave the stock an outperform rating in a report on Friday, May 10th. DA Davidson raised shares of Oshkosh from a neutral rating to a buy rating and raised their price objective for the stock from $122.00 to $130.00 in a report on Friday, March 1st. Stifel Nicolaus raised their price objective on shares of Oshkosh from $135.00 to $140.00 and gave the stock a buy rating in a report on Friday, April 26th. StockNews.com downgraded shares of Oshkosh from a buy rating to a hold rating in a report on Friday, April 26th. Finally, Bank of America lifted their price target on shares of Oshkosh from $108.00 to $112.00 and gave the company an underperform rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $127.25.

Oshkosh Stock Performance

NYSE OSK opened at $108.20 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 1.04 and a beta of 1.26. The company’s fifty day moving average is $113.33 and its two-hundred day moving average is $112.81. Oshkosh has a 52-week low of $83.25 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $1.59 EPS. Equities research analysts forecast that Oshkosh will post 11.17 EPS for the current year.

Oshkosh Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.70%. The ex-dividend date was Friday, May 10th. Oshkosh’s payout ratio is presently 17.61%.

Institutional Investors Weigh In On Oshkosh

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its position in shares of Oshkosh by 408.8% during the 4th quarter. Franklin Resources Inc. now owns 64,407 shares of the company’s stock worth $6,982,000 after buying an additional 51,748 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Oshkosh during the 4th quarter worth approximately $1,995,000. Dimensional Fund Advisors LP grew its position in shares of Oshkosh by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock worth $189,473,000 after buying an additional 122,786 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Oshkosh by 92.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,395 shares of the company’s stock worth $2,138,000 after buying an additional 10,770 shares during the period. Finally, Quest Partners LLC acquired a new position in Oshkosh during the fourth quarter valued at approximately $1,154,000. Institutional investors and hedge funds 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.