JPMorgan Chase & Co. Cuts Oshkosh (NYSE:OSK) Price Target to $117.00

Oshkosh (NYSE:OSK) had its target price lowered by JPMorgan Chase & Co. from $127.00 to $117.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also commented on the company. Bank of America upped their price objective on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Truist Financial raised their price objective on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. UBS Group boosted their price objective on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Raymond James raised their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Citigroup dropped their price target on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $124.38.

Oshkosh Stock Up 0.4 %

OSK stock opened at $97.68 on Tuesday. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 9.44, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The business’s 50-day moving average is $101.32 and its two-hundred day moving average is $102.40. 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 quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping 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%. As a group, analysts forecast that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 2.09%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s payout ratio is presently 19.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Oshkosh by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock worth $19,632,000 after purchasing an additional 28,478 shares during the last quarter. Barclays PLC grew its stake in shares of Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after buying an additional 32,435 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Oshkosh in the 3rd quarter worth about $504,000. Y Intercept Hong Kong Ltd raised its position 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 valued at $2,023,000 after buying an additional 7,334 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its holdings 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 valued at $14,144,000 after acquiring an additional 4,680 shares during the last quarter. Hedge funds and other institutional investors 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.