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

Shares of Oshkosh Co. (NYSE:OSK) have been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $126.06.

A number of analysts have weighed in on the company. Citigroup started coverage on Oshkosh in a research note on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price on the stock. Bank of America upped their price target on shares of Oshkosh from $108.00 to $112.00 and gave the stock an “underperform” rating in a report on Tuesday, May 28th. StockNews.com cut shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Robert W. Baird upped their price target on shares of Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday.

Oshkosh Stock Performance

NYSE OSK opened at $103.69 on Thursday. The stock has a market capitalization of $6.78 billion, a PE ratio of 9.92, a P/E/G ratio of 1.05 and a beta of 1.22. The business has a 50 day simple moving average of $111.25 and a two-hundred day simple moving average of $112.78. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. Oshkosh has a 1-year low of $86.10 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 the consensus estimate of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company earned $1.59 EPS. On average, research analysts predict that Oshkosh will post 11.21 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Friday, May 10th. Oshkosh’s dividend payout ratio is presently 17.61%.

Hedge Funds Weigh In On Oshkosh

Institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. raised its position in Oshkosh by 408.8% during the 4th quarter. Franklin Resources Inc. now owns 64,407 shares of the company’s stock worth $6,982,000 after buying an additional 51,748 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Oshkosh during the 4th quarter worth approximately $1,995,000. Dimensional Fund Advisors LP grew its stake in shares of Oshkosh by 7.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock worth $189,473,000 after purchasing an additional 122,786 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of Oshkosh by 92.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,395 shares of the company’s stock worth $2,138,000 after purchasing an additional 10,770 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Oshkosh during the 4th quarter worth approximately $1,154,000. 92.36% of the stock is owned by hedge funds and other 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.