Oshkosh (NYSE:OSK) Price Target Raised to $118.00

Oshkosh (NYSE:OSK) had its price target raised by Truist Financial from $109.00 to $118.00 in a report issued on Friday,Benzinga reports. They currently have a hold rating on the stock.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. reduced their price objective on Oshkosh from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. KeyCorp increased their target price on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup lowered their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Robert W. Baird decreased their target price on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, UBS Group reduced their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.25.

Oshkosh Stock Up 2.7 %

Shares of OSK opened at $116.30 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46. The stock has a 50 day moving average price of $99.78 and a 200 day moving average price of $102.95. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.72 and a beta of 1.21. Oshkosh has a one year low of $89.08 and a one year high of $127.98.

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

Oshkosh Increases Dividend

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

Institutional Investors Weigh In On Oshkosh

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Oshkosh by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after purchasing an additional 28,478 shares during the last quarter. Virtu Financial LLC purchased a new stake in Oshkosh during the third quarter valued at $504,000. Barclays PLC raised its stake in Oshkosh by 40.9% during the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock valued at $11,192,000 after purchasing an additional 32,435 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Oshkosh by 57.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock valued at $2,023,000 after acquiring an additional 7,334 shares during the period. Finally, Horizon Kinetics Asset Management LLC increased its stake in Oshkosh by 3.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after buying an additional 4,680 shares during the period. 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.