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

Shares of Oshkosh Co. (NYSE:OSK) have received an average rating of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $123.14.

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

Hedge Funds Weigh In On Oshkosh

A number of hedge funds and other institutional investors have recently made changes to their positions in OSK. V Square Quantitative Management LLC acquired a new position in Oshkosh in the third quarter worth about $25,000. Headlands Technologies LLC bought a new stake in shares of Oshkosh in the 1st quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh in the 3rd quarter worth approximately $34,000. Bessemer Group Inc. lifted its position in shares of Oshkosh by 280.6% during the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after buying an additional 289 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Oshkosh by 5,563.6% in the 2nd quarter. Versant Capital Management Inc now owns 623 shares of the company’s stock valued at $67,000 after buying an additional 612 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

Oshkosh Trading Down 2.7 %

NYSE OSK opened at $108.60 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. Oshkosh has a 1-year low of $93.34 and a 1-year high of $127.98. The firm’s fifty day simple moving average is $103.91 and its 200-day simple moving average is $107.01. The company has a market capitalization of $7.07 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. As a group, sell-side analysts anticipate that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, November 15th. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

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.