Oshkosh Co. (NYSE:OSK) Given Consensus Recommendation of “Hold” by Analysts

Shares of Oshkosh Co. (NYSE:OSK) have been given an average recommendation of “Hold” by the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $125.79.

A number of research firms have weighed in on OSK. JPMorgan Chase & Co. lowered their price target on Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Raymond James began coverage on Oshkosh in a research report on Friday, June 28th. They set an “outperform” rating and a $125.00 price target on the stock. Stifel Nicolaus lowered their price target on Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Truist Financial raised their price target on Oshkosh from $123.00 to $126.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Citigroup began coverage on Oshkosh in a research report on Wednesday, June 26th. They set a “buy” rating and a $130.00 price target on the stock.

Oshkosh Price Performance

NYSE:OSK opened at $100.21 on Tuesday. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.98 and a beta of 1.19. Oshkosh has a 52-week low of $86.10 and a 52-week high of $127.98. The stock has a fifty day moving average of $103.41 and a 200 day moving average of $110.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.34. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the company earned $2.69 earnings per share. On average, research analysts expect that Oshkosh will post 11.62 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.46 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.84%. Oshkosh’s payout ratio is presently 17.61%.

Institutional Trading of Oshkosh

Large investors have recently modified their holdings of the business. Atlas Capital Advisors LLC grew its stake in shares of Oshkosh by 161.6% in the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 139 shares during the last quarter. Headlands Technologies LLC bought a new stake in Oshkosh during the 1st quarter valued at approximately $31,000. Rise Advisors LLC boosted its position in Oshkosh by 215.5% during the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after acquiring an additional 181 shares in the last quarter. Bessemer Group Inc. boosted its position in Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after acquiring an additional 289 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in Oshkosh by 5,563.6% during the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after acquiring an additional 612 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

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.