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

Oshkosh Co. (NYSE:OSK) has been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $126.23.

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Oshkosh from $115.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Citigroup lowered their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Truist Financial lifted their price objective on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Robert W. Baird lowered their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Evercore ISI lifted their price objective on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th.

Hedge Funds Weigh In On Oshkosh

Several institutional investors have recently modified their holdings of OSK. Blue Trust Inc. grew its position in shares of Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in shares of Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after purchasing an additional 110 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Oshkosh during the 4th quarter valued at about $32,000. Brooklyn Investment Group bought a new position in shares of Oshkosh during the 3rd quarter valued at about $34,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Oshkosh during the 4th quarter valued at about $34,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Performance

Shares of NYSE:OSK opened at $101.48 on Friday. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. The firm has a market cap of $6.55 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 1.45 and a beta of 1.22. 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 has a fifty day moving average of $100.43 and a 200-day moving average of $103.15.

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

Oshkosh Increases Dividend

The business 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 dividend of $0.51 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, February 14th. Oshkosh’s payout ratio is presently 19.71%.

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.