Oshkosh Co. (NYSE:OSK) Receives Average Recommendation of “Hold” from Analysts

Shares of Oshkosh Co. (NYSE:OSK) have received a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $123.14.

OSK has been the topic of a number of recent analyst reports. Evercore ISI cut their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Robert W. Baird cut their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus cut their target price on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Truist Financial lowered their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th.

Oshkosh Stock Performance

Shares of OSK stock opened at $107.81 on Wednesday. The firm has a market capitalization of $7.02 billion, a P/E ratio of 10.47, a P/E/G ratio of 1.06 and a beta of 1.18. The company’s fifty day moving average price is $104.34 and its two-hundred day moving average price is $106.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh has a 12 month low of $93.34 and a 12 month high of $127.98.

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

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC grew its position in Oshkosh by 7.3% in the 2nd quarter. AE Wealth Management LLC now owns 1,863 shares of the company’s stock worth $202,000 after purchasing an additional 127 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Oshkosh by 3.0% in the first quarter. US Bancorp DE now owns 4,522 shares of the company’s stock valued at $564,000 after acquiring an additional 132 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Oshkosh by 26.2% in the second quarter. GAMMA Investing LLC now owns 733 shares of the company’s stock valued at $79,000 after acquiring an additional 152 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in shares of Oshkosh by 4.6% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 4,963 shares of the company’s stock valued at $528,000 after acquiring an additional 220 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Oshkosh by 15.2% in the third quarter. KBC Group NV now owns 1,666 shares of the company’s stock valued at $167,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

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.