Oshkosh (NYSE:OSK) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Oshkosh Corporation (NYSE:OSK) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $147.26 and traded as high as $147.88. Oshkosh shares last traded at $143.4060, with a volume of 1,119,894 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of Oshkosh from $176.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Citigroup cut Oshkosh from a “buy” rating to a “neutral” rating and dropped their target price for the company from $180.00 to $170.00 in a research report on Monday, April 13th. Evercore reiterated an “outperform” rating and issued a $181.00 price target on shares of Oshkosh in a report on Monday, May 11th. JPMorgan Chase & Co. reduced their price target on Oshkosh from $158.00 to $145.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Robert W. Baird decreased their price objective on Oshkosh from $175.00 to $172.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $168.60.

Oshkosh Stock Performance

The firm’s 50 day moving average is $136.49 and its 200 day moving average is $147.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63. The stock has a market cap of $8.94 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 0.73 and a beta of 1.23.

Oshkosh (NYSE:OSK) last announced its earnings results on Friday, May 8th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.19). Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter last year, the business earned $1.92 earnings per share. Oshkosh’s revenue was up .2% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. Analysts anticipate that Oshkosh Corporation will post 10.87 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.6%. Oshkosh’s dividend payout ratio (DPR) is presently 25.39%.

Insiders Place Their Bets

In related news, Director Duncan Palmer sold 505 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total transaction of $67,599.30. Following the transaction, the director directly owned 39,684 shares of the company’s stock, valued at $5,312,100.24. This represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Oshkosh

A number of large investors have recently modified their holdings of OSK. Murphy Middleton Hinkle & Parker Inc. acquired a new position in Oshkosh in the fourth quarter valued at approximately $4,183,000. Thrivent Financial for Lutherans grew its stake in shares of Oshkosh by 1,945.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 425,600 shares of the company’s stock worth $53,468,000 after purchasing an additional 404,788 shares during the period. LSV Asset Management grew its stake in shares of Oshkosh by 0.9% during the 4th quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock worth $240,427,000 after purchasing an additional 17,944 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of Oshkosh during the 4th quarter valued at approximately $7,432,000. Finally, Sivia Capital Partners LLC purchased a new position in shares of Oshkosh during the 2nd quarter valued at approximately $325,000. 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.