Oshkosh (NYSE:OSK) Upgraded to Buy at Wall Street Zen

Oshkosh (NYSE:OSK) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other research firms have also commented on OSK. Wells Fargo & Company assumed coverage on Oshkosh in a report on Thursday, November 13th. They issued an “overweight” rating and a $144.00 target price on the stock. UBS Group upped their target price on shares of Oshkosh from $164.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, November 6th. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a research note on Thursday. Sanford C. Bernstein boosted their price target on Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Zacks Research downgraded Oshkosh from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and an average target price of $149.56.

Oshkosh Trading Up 1.5%

Shares of NYSE:OSK opened at $130.38 on Friday. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.41. Oshkosh has a 1 year low of $76.82 and a 1 year high of $144.30. The business’s 50 day moving average price is $128.21 and its 200-day moving average price is $127.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.98 and a quick ratio of 0.99.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.08. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.93 EPS. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. On average, equities research analysts forecast that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in Oshkosh by 22.8% in the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after acquiring an additional 529,907 shares during the period. LSV Asset Management increased its holdings in shares of Oshkosh by 1.7% in the 3rd quarter. LSV Asset Management now owns 1,895,825 shares of the company’s stock valued at $245,889,000 after purchasing an additional 31,401 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after purchasing an additional 345,782 shares during the period. Invesco Ltd. boosted its holdings in Oshkosh by 26.3% during the third quarter. Invesco Ltd. now owns 1,476,969 shares of the company’s stock worth $191,563,000 after buying an additional 307,949 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Oshkosh by 2.4% during the second quarter. Bank of America Corp DE now owns 1,090,142 shares of the company’s stock worth $123,775,000 after buying an additional 25,125 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.