Oshkosh Co. (NYSE:OSK) Given Average Rating of “Hold” by Brokerages

Oshkosh Co. (NYSE:OSK) has received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $124.38.

OSK has been the topic of a number of research analyst reports. Citigroup reduced their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Raymond James increased their target price 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. Bank of America lifted their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Truist Financial increased their price objective 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. Finally, Evercore ISI lifted their target price on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th.

Oshkosh Stock Up 3.2 %

Shares of NYSE:OSK opened at $98.84 on Tuesday. Oshkosh has a 12-month low of $89.08 and a 12-month high of $127.98. The stock’s 50-day moving average price is $101.58 and its two-hundred day moving average price is $102.31. 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 firm has a market cap of $6.38 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.45 and a beta of 1.21.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS 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%. On average, research analysts forecast that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, February 14th. Oshkosh’s dividend payout ratio is presently 19.71%.

Institutional Trading of Oshkosh

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after acquiring an additional 138 shares in the last quarter. Coppell Advisory Solutions LLC grew its stake in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after purchasing an additional 110 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in Oshkosh in the fourth quarter valued at about $32,000. Brooklyn Investment Group acquired a new stake in Oshkosh during the third quarter valued at approximately $34,000. Finally, V Square Quantitative Management LLC lifted its holdings in Oshkosh by 64.1% during the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock worth $38,000 after buying an additional 157 shares during the last quarter. Institutional investors 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.