Oshkosh Corporation (NYSE:OSK) Given Average Rating of “Moderate Buy” by Brokerages

Oshkosh Corporation (NYSE:OSK) has been assigned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $165.3125.

A number of brokerages have recently issued reports on OSK. Wall Street Zen raised shares of Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. KeyCorp reiterated an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. Wells Fargo & Company boosted their price target on Oshkosh from $168.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Sanford C. Bernstein upped their price objective on Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. Finally, Bank of America raised Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price objective for the company in a research report on Tuesday, February 3rd.

Insider Transactions at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction on Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the transaction, the senior vice president directly owned 13,577 shares of the company’s stock, valued at $2,295,463.39. The trade was a 22.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Institutional Trading of Oshkosh

Hedge funds have recently modified their holdings of the stock. Sivia Capital Partners LLC boosted its holdings in shares of Oshkosh by 2.8% during the 3rd quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock worth $382,000 after buying an additional 81 shares during the period. IFP Advisors Inc raised its holdings in Oshkosh by 11.7% in the 4th quarter. IFP Advisors Inc now owns 838 shares of the company’s stock valued at $105,000 after acquiring an additional 88 shares during the period. Groupama Asset Managment lifted its position in Oshkosh by 1.7% during the fourth quarter. Groupama Asset Managment now owns 5,409 shares of the company’s stock worth $680,000 after acquiring an additional 93 shares during the last quarter. HB Wealth Management LLC lifted its position in Oshkosh by 4.1% during the fourth quarter. HB Wealth Management LLC now owns 2,502 shares of the company’s stock worth $314,000 after acquiring an additional 98 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Oshkosh by 6.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Price Performance

NYSE:OSK opened at $140.19 on Friday. Oshkosh has a 1-year low of $76.82 and a 1-year high of $180.49. The company has a current ratio of 1.94, a quick ratio of 1.05 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $158.71 and a 200 day simple moving average of $140.91. The stock has a market capitalization of $8.77 billion, a PE ratio of 13.99, a P/E/G ratio of 0.73 and a beta of 1.37.

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

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th were paid a $0.57 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, February 17th. This represents a $2.28 dividend on an annualized basis and a yield of 1.6%. Oshkosh’s dividend payout ratio (DPR) is currently 22.75%.

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.