Recent Investment Analysts’ Ratings Changes for Oshkosh (OSK)

A number of firms have modified their ratings and price targets on shares of Oshkosh (NYSE: OSK) recently:

  • 5/14/2019 – Oshkosh was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $84.00 price target on the stock. According to Zacks, “In the second quarter of fiscal 2019, Oshkosh’s earnings and revenues beat the respective Zacks Consensus Estimate. Further, the figures rose on a year-over-year basis, supported by diverse end market and robust backlog. Further, the company updated fiscal 2019 on the back of strong backlogs along with integrated operations and supply chain. For the current fiscal year, it projects earnings per share of $7.50-$7.80. Also, improved product pricing and increased volume sales bode well for the company’s access equipment segment.It also pays regular dividends and engages in share buyback programs to enhance shareholder value.However, increasing raw material costs and macro-economic challenges are headwinds. Also, dependence on the U.S. government for the Defense segment’s sales is a concern for Oshkosh.”
  • 5/10/2019 – Oshkosh was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In the second quarter of fiscal 2019, Oshkosh’s earnings and revenues beat the respective Zacks Consensus Estimate. Further, the figures rose on a year-over-year basis, supported by diverse end market and robust backlog. Further, the company updated fiscal 2019 on the back of strong backlogs along with integrated operations and supply chain. For the current fiscal year, it projects earnings per share of $7.50-$7.80. Also, improved product pricing and increased volume sales bode well for the company’s access equipment segment.It also pays regular dividends and engages in share buyback programs to enhance shareholder value.However, increasing raw material costs and macro-economic challenges are headwinds. Also, dependence on the U.S. government for the Defense segment’s sales is a concern for Oshkosh.”
  • 5/1/2019 – Oshkosh was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $85.00 price target on the stock, up previously from $80.00.
  • 5/1/2019 – Oshkosh had its price target raised by analysts at Citigroup Inc from $85.00 to $95.00. They now have a “buy” rating on the stock.
  • 4/23/2019 – Oshkosh is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $85.00 price target on the stock.
  • 4/2/2019 – Oshkosh was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Oshkosh raised its guidance for fiscal 2019 on strong backlog across all four segments and expectation of favorable market demand. Further, a strong equipment rental market in key markets including North America bode well for the company’s access equipment segment. It also pays regular dividends and engages in share buyback programs to enhance shareholder value. In the past six months, shares of the company have outperformed the industry it belongs to. However, the struggle to hire new employees to manage ramped-up manufacturing activities and increasing raw material costs are headwinds. Also, dependence on the U.S. government for Defense segment’s sales is a concern for Oshkosh.”

Oshkosh stock traded up $0.18 during trading on Thursday, reaching $76.75. The company had a trading volume of 24,546 shares, compared to its average volume of 687,202. Oshkosh Corp has a 1-year low of $51.42 and a 1-year high of $84.86. The stock has a market capitalization of $5.26 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.84 and a beta of 1.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.86.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.20. Oshkosh had a net margin of 6.76% and a return on equity of 21.98%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the company earned $1.54 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Oshkosh Corp will post 7.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.08 dividend on an annualized basis and a yield of 1.41%. Oshkosh’s payout ratio is currently 16.98%.

In other Oshkosh news, VP R Scott Grennier sold 3,784 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $80.67, for a total value of $305,255.28. Following the transaction, the vice president now owns 4,780 shares in the company, valued at approximately $385,602.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John J. Bryant sold 4,819 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $77.85, for a total value of $375,159.15. Following the completion of the transaction, the executive vice president now owns 6,309 shares in the company, valued at approximately $491,155.65. The disclosure for this sale can be found here. Insiders sold a total of 24,228 shares of company stock worth $1,914,789 in the last 90 days. 1.90% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aristotle Capital Management LLC raised its holdings in shares of Oshkosh by 2.8% during the 1st quarter. Aristotle Capital Management LLC now owns 5,715,012 shares of the company’s stock worth $429,369,000 after acquiring an additional 153,839 shares during the period. LSV Asset Management raised its holdings in shares of Oshkosh by 47.3% during the 1st quarter. LSV Asset Management now owns 3,251,606 shares of the company’s stock worth $244,293,000 after acquiring an additional 1,044,322 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Oshkosh by 6,031.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,790,926 shares of the company’s stock valued at $29,000 after buying an additional 1,761,717 shares during the period. Dimensional Fund Advisors LP raised its holdings in Oshkosh by 4.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,639,950 shares of the company’s stock valued at $123,200,000 after buying an additional 68,899 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Oshkosh by 26.8% in the 1st quarter. AQR Capital Management LLC now owns 1,360,136 shares of the company’s stock valued at $101,602,000 after buying an additional 287,385 shares during the period. Institutional investors and hedge funds own 91.36% of the company’s stock.

Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation services; and chassis and service parts sales.

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