Oshkosh (NYSE:OSK) Earns Buy Rating from Analysts at Citigroup

Citigroup began coverage on shares of Oshkosh (NYSE:OSK) in a research report sent to investors on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $130.00 price target on the stock.

OSK has been the topic of several other reports. StockNews.com lowered Oshkosh from a buy rating to a hold rating in a research report on Friday, April 26th. Bank of America increased their price target on Oshkosh from $108.00 to $112.00 and gave the stock an underperform rating in a research report on Tuesday, May 28th. DA Davidson raised Oshkosh from a neutral rating to a buy rating and increased their target price for the company from $122.00 to $130.00 in a report on Friday, March 1st. Robert W. Baird increased their target price on Oshkosh from $158.00 to $190.00 and gave the company an outperform rating in a report on Friday, May 10th. Finally, Stifel Nicolaus increased their price target on Oshkosh from $135.00 to $140.00 and gave the company a buy rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oshkosh presently has a consensus rating of Moderate Buy and an average target price of $127.25.

Oshkosh Stock Performance

NYSE:OSK opened at $108.20 on Wednesday. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 1.03 and a beta of 1.26. 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 stock’s 50 day simple moving average is $113.33 and its two-hundred day simple moving average is $112.90. Oshkosh has a 1 year low of $83.25 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. Oshkosh’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 EPS. As a group, equities analysts anticipate that Oshkosh will post 11.17 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Atlas Capital Advisors LLC raised its position in shares of Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 139 shares during the period. Headlands Technologies LLC purchased a new position in shares of Oshkosh in the 1st quarter worth $31,000. Rise Advisors LLC raised its position in Oshkosh by 215.5% in the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after purchasing an additional 181 shares during the period. Venturi Wealth Management LLC raised its position in Oshkosh by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after purchasing an additional 111 shares during the period. Finally, GAMMA Investing LLC purchased a new position in Oshkosh in the fourth quarter valued at about $42,000. Hedge funds and other 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.