StockNews.com Downgrades Oshkosh (NYSE:OSK) to Hold

Oshkosh (NYSE:OSK) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Other equities research analysts also recently issued research reports about the stock. Robert W. Baird boosted their target price on shares of Oshkosh from $140.00 to $158.00 and gave the company an “outperform” rating in a research note on Friday. The Goldman Sachs Group boosted their target price on shares of Oshkosh from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Evercore ISI upped their price target on shares of Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. Citigroup upped their price target on shares of Oshkosh from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Truist Financial upped their price target on shares of Oshkosh from $121.00 to $132.00 and gave the stock a “hold” rating in a research report on Friday. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.50.

Oshkosh Trading Down 0.9 %

Shares of Oshkosh stock opened at $117.66 on Friday. The firm has a market capitalization of $7.72 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The company’s fifty day moving average price is $117.49 and its two-hundred day moving average price is $107.16. Oshkosh has a 52-week low of $72.09 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts expect that Oshkosh will post 11.25 EPS for the current year.

Insider Activity

In other news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.64% of the stock is currently owned by company insiders.

Institutional Trading of Oshkosh

A number of institutional investors and hedge funds have recently modified their holdings of OSK. LSV Asset Management increased its stake in Oshkosh by 410.6% during the 4th quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock worth $200,384,000 after purchasing an additional 1,486,402 shares in the last quarter. Norges Bank acquired a new position in Oshkosh during the 4th quarter worth approximately $83,524,000. Assenagon Asset Management S.A. boosted its position in Oshkosh by 1,374.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock worth $27,877,000 after acquiring an additional 239,707 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Oshkosh during the 4th quarter worth approximately $23,926,000. Finally, Vanguard Group Inc. boosted its position in Oshkosh by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company’s stock worth $773,014,000 after acquiring an additional 219,375 shares during the last quarter. 92.36% of the stock is owned by institutional investors.

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.