Oshkosh (NYSE:OSK) Given New $127.00 Price Target at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its price target increased by JPMorgan Chase & Co. from $115.00 to $127.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

OSK has been the subject of several other research reports. Truist Financial boosted their target price on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research report on Friday. KeyCorp boosted their price objective on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group lowered their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Raymond James boosted their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Citigroup lowered their price objective on shares of Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.25.

Oshkosh Stock Up 2.7 %

Shares of NYSE OSK opened at $116.30 on Friday. Oshkosh has a 52-week low of $89.08 and a 52-week high of $127.98. The firm has a fifty day moving average of $99.78 and a 200-day moving average of $102.95. The stock has a market capitalization of $7.57 billion, a PE ratio of 11.29, a P/E/G ratio of 1.72 and a beta of 1.21. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.36. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, analysts anticipate that Oshkosh will post 11.34 EPS for the current year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a $0.51 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.04 annualized dividend and a yield of 1.75%. Oshkosh’s dividend payout ratio is 19.71%.

Institutional Trading of Oshkosh

A number of institutional investors have recently made changes to their positions in OSK. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Oshkosh in the 4th quarter worth approximately $23,285,000. Assenagon Asset Management S.A. lifted its position in shares of Oshkosh by 3,329.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after acquiring an additional 233,218 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock valued at $16,044,000 after acquiring an additional 97,282 shares in the last quarter. Edgestream Partners L.P. lifted its position in shares of Oshkosh by 704.3% in the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company’s stock valued at $6,817,000 after acquiring an additional 59,566 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Oshkosh in the 3rd quarter valued at approximately $5,375,000. 92.36% of the stock is owned by institutional investors and hedge funds.

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.