Morgan Stanley Increases Oshkosh (NYSE:OSK) Price Target to $110.00

Oshkosh (NYSE:OSK) had its price objective lifted by Morgan Stanley from $98.00 to $110.00 in a report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts have also weighed in on OSK. Truist Financial boosted their target price on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday. Citigroup cut their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. KeyCorp increased their price target on shares of Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday. UBS Group lowered their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Oshkosh from $115.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight 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 price target of $125.00.

Oshkosh Stock Performance

Shares of OSK opened at $112.74 on Monday. The company’s fifty day moving average is $99.75 and its two-hundred day moving average is $102.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The stock has a market capitalization of $7.34 billion, a P/E ratio of 10.89, a P/E/G ratio of 1.97 and a beta of 1.22. Oshkosh has a 1 year low of $89.08 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, sell-side analysts predict that Oshkosh will post 11 earnings per share for the current 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 dividend of $0.51 per share. This is a positive change 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 1.81%. Oshkosh’s dividend payout ratio (DPR) is presently 17.78%.

Institutional Trading of Oshkosh

Hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in shares of Oshkosh in the 3rd quarter worth $25,000. Blue Trust Inc. lifted its holdings in Oshkosh by 108.7% during the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after purchasing an additional 138 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in Oshkosh during the fourth quarter valued at about $32,000. Brooklyn Investment Group purchased a new stake in Oshkosh during the third quarter valued at about $34,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Oshkosh during the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

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.