Oshkosh Corp (NYSE:OSK) has been given an average recommendation of “Buy” by the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $92.85.

OSK has been the subject of several research reports. ValuEngine raised Oshkosh from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Jefferies Group reissued a “buy” rating and issued a $85.00 target price on shares of Oshkosh in a research report on Thursday, September 7th. KeyCorp reissued a “buy” rating and issued a $85.00 target price on shares of Oshkosh in a research report on Sunday, September 17th. Zacks Investment Research raised Oshkosh from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Wednesday, October 4th. Finally, Deutsche Bank reissued a “hold” rating and issued a $86.00 target price (up previously from $80.00) on shares of Oshkosh in a research report on Monday, October 9th.

In related news, VP Colleen R. Moynihan sold 5,259 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $88.19, for a total transaction of $463,791.21. Following the completion of the transaction, the vice president now owns 4,647 shares of the company’s stock, valued at approximately $409,818.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Colleen R. Moynihan sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $87.62, for a total value of $350,480.00. Following the transaction, the vice president now directly owns 7,347 shares of the company’s stock, valued at approximately $643,744.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,153 shares of company stock valued at $9,953,433. 2.00% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Oshkosh by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 7,019,731 shares of the company’s stock valued at $483,519,000 after purchasing an additional 251,809 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Oshkosh by 18.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,742,675 shares of the company’s stock valued at $226,765,000 after purchasing an additional 426,359 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Oshkosh by 0.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,947,210 shares of the company’s stock valued at $134,123,000 after purchasing an additional 6,350 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Oshkosh by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,866,855 shares of the company’s stock valued at $154,091,000 after purchasing an additional 6,460 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Oshkosh by 1.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,687,953 shares of the company’s stock valued at $139,219,000 after purchasing an additional 25,189 shares during the last quarter. Institutional investors and hedge funds own 93.61% of the company’s stock.

Oshkosh (OSK) opened at $87.72 on Friday. Oshkosh has a 52-week low of $61.74 and a 52-week high of $94.16. The stock has a market capitalization of $6,643.54, a P/E ratio of 20.84, a PEG ratio of 1.18 and a beta of 1.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.81 and a quick ratio of 1.09.

Oshkosh (NYSE:OSK) last announced its earnings results on Tuesday, October 31st. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.36. Oshkosh had a return on equity of 15.14% and a net margin of 4.18%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. research analysts expect that Oshkosh will post 4.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Wednesday, November 15th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.21. Oshkosh’s dividend payout ratio (DPR) is 25.53%.

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About Oshkosh

Oshkosh Corporation is a manufacturer and marketer of access equipment, specialty vehicles and truck bodies for the primary markets of defense, concrete placement, refuse hauling, access equipment, and fire and emergency. The company’s brands include Oshkosh, JLG, Pierce, McNeilus, IMT, Frontline, Jerr-Dan, CON-E-CO and London.

Analyst Recommendations for Oshkosh (NYSE:OSK)

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