Robert W. Baird Cuts Oshkosh (NYSE:OSK) Price Target to $135.00

Oshkosh (NYSE:OSKFree Report) had its target price cut by Robert W. Baird from $163.00 to $135.00 in a research note released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also issued reports on OSK. Morgan Stanley decreased their target price on shares of Oshkosh from $110.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price objective on Oshkosh from $117.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Truist Financial reduced their target price on Oshkosh from $118.00 to $94.00 and set a “hold” rating on the stock in a report on Tuesday, April 8th. KeyCorp dropped their price target on Oshkosh from $132.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Evercore ISI increased their price objective on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.93.

Get Our Latest Research Report on Oshkosh

Oshkosh Stock Performance

Shares of NYSE OSK opened at $89.37 on Thursday. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $5.75 billion, a P/E ratio of 8.63, a P/E/G ratio of 1.45 and a beta of 1.37. Oshkosh has a 12 month low of $76.82 and a 12 month high of $123.25. The stock has a 50 day moving average of $91.46 and a 200-day moving average of $99.48.

Oshkosh (NYSE:OSKGet Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the prior year, the company earned $2.89 earnings per share. The firm’s revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts predict that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, May 16th. Oshkosh’s dividend payout ratio (DPR) is 21.79%.

Institutional Investors Weigh In On Oshkosh

Several institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after acquiring an additional 127 shares during the period. Blue Trust Inc. raised its position in shares of Oshkosh by 108.7% in the fourth quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after buying an additional 138 shares in the last quarter. CX Institutional bought a new stake in Oshkosh during the first quarter valued at $28,000. Coppell Advisory Solutions LLC grew its position in Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock worth $30,000 after buying an additional 110 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its stake in Oshkosh by 147.6% in the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock worth $30,000 after acquiring an additional 186 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Company Profile

(Get Free Report)

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.

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