Analysts Set Oshkosh Co. (NYSE:OSK) PT at $123.00

Oshkosh Co. (NYSE:OSK) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $124.62.

Several research analysts have weighed in on the company. Robert W. Baird dropped their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Truist Financial upped their target price on shares of Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. UBS Group cut their target price on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th.

Institutional Investors Weigh In On Oshkosh

Several institutional investors have recently modified their holdings of OSK. V Square Quantitative Management LLC purchased a new stake in Oshkosh during the 3rd quarter valued at $25,000. Brooklyn Investment Group bought a new position in Oshkosh during the third quarter valued at $34,000. International Assets Investment Management LLC raised its stake in shares of Oshkosh by 9,922.2% in the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after acquiring an additional 893 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Oshkosh by 35.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after acquiring an additional 262 shares during the last quarter. Finally, Redwood Wealth Management Group LLC bought a new stake in shares of Oshkosh in the 2nd quarter worth about $111,000. 92.36% of the stock is owned by institutional investors.

Oshkosh Stock Down 0.6 %

OSK opened at $92.18 on Thursday. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The firm’s fifty day moving average is $103.81 and its 200 day moving average is $104.09. Oshkosh has a fifty-two week low of $91.00 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. On average, sell-side analysts forecast that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 2.00%. Oshkosh’s payout ratio is currently 17.86%.

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.