Oshkosh Corporation (NYSE:OSK) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Oshkosh Corporation (NYSE:OSK) have been given an average recommendation of “Moderate Buy” by the eighteen research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $159.60.

OSK has been the subject of a number of research reports. DA Davidson raised their price objective on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Monday. Bank of America upgraded shares of Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price target for the company in a research note on Tuesday. Morgan Stanley dropped their price objective on shares of Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Truist Financial set a $183.00 price target on shares of Oshkosh in a research report on Friday, January 30th.

Oshkosh Trading Down 2.2%

OSK opened at $163.32 on Friday. The company has a fifty day moving average price of $139.60 and a two-hundred day moving average price of $134.63. Oshkosh has a 1-year low of $76.82 and a 1-year high of $169.62. The company has a market cap of $10.33 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 0.85 and a beta of 1.43. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Analysts predict that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be issued a $0.57 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, February 17th. Oshkosh’s dividend payout ratio is currently 20.36%.

Institutional Investors Weigh In On Oshkosh

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Oshkosh in the 3rd quarter worth approximately $26,000. Blue Trust Inc. lifted its holdings in Oshkosh by 471.1% during the third quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after acquiring an additional 179 shares during the period. SJS Investment Consulting Inc. lifted its holdings in Oshkosh by 3,014.3% during the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after acquiring an additional 211 shares during the period. Abich Financial Wealth Management LLC purchased a new position in Oshkosh in the third quarter worth $29,000. Finally, Torren Management LLC bought a new position in Oshkosh in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

About Oshkosh

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.