Oshkosh Co. (NYSE:OSK) Receives $125.29 Consensus Target Price from Brokerages

Oshkosh Co. (NYSE:OSK) has earned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $125.29.

Several research firms recently commented on OSK. Raymond James began coverage on Oshkosh in a report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Jefferies Financial Group decreased their price objective on shares of Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, July 11th. Truist Financial decreased their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Finally, Stifel Nicolaus decreased their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st.

Oshkosh Trading Down 1.7 %

NYSE OSK opened at $103.45 on Friday. Oshkosh has a 12 month low of $86.10 and a 12 month high of $127.98. The stock has a market cap of $6.73 billion, a P/E ratio of 10.00, a P/E/G ratio of 1.06 and a beta of 1.19. The stock’s fifty day moving average price is $102.41 and its 200-day moving average price is $108.50. The company has a current ratio of 1.44, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the prior year, the firm posted $2.69 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. As a group, equities analysts forecast that Oshkosh will post 11.33 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, August 16th. This represents a $1.84 dividend on an annualized basis and a yield of 1.78%. Oshkosh’s dividend payout ratio is currently 17.79%.

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of Oshkosh in the second quarter worth approximately $1,500,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Oshkosh in the first quarter worth approximately $1,507,000. M&G Plc bought a new position in shares of Oshkosh in the first quarter worth approximately $15,102,000. Cetera Investment Advisers boosted its position in shares of Oshkosh by 772.9% in the first quarter. Cetera Investment Advisers now owns 27,409 shares of the company’s stock worth $3,418,000 after purchasing an additional 24,269 shares during the period. Finally, OFI Invest Asset Management bought a new position in shares of Oshkosh in the second quarter worth approximately $1,545,000. 92.36% of the stock is owned by hedge funds and other institutional investors.

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.