Oshkosh (NYSE:OSK) Given New $130.00 Price Target at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its price target raised by JPMorgan Chase & Co. from $120.00 to $130.00 in a research note published on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the company. Morgan Stanley began coverage on Oshkosh in a research report on Monday, January 8th. They set an equal weight rating and a $102.00 price target for the company. Evercore ISI boosted their target price on Oshkosh from $122.00 to $124.00 and gave the stock an outperform rating in a research report on Tuesday, February 20th. Truist Financial started coverage on Oshkosh in a research report on Thursday, March 14th. They issued a hold rating and a $121.00 target price for the company. Citigroup lifted their price target on Oshkosh from $115.00 to $130.00 and gave the stock a buy rating in a research note on Wednesday, January 31st. Finally, DA Davidson raised Oshkosh from a neutral rating to a buy rating and lifted their price target for the stock from $122.00 to $130.00 in a research note on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $120.25.

Oshkosh Stock Down 0.3 %

Shares of NYSE OSK opened at $119.98 on Tuesday. Oshkosh has a 52 week low of $72.09 and a 52 week high of $127.98. The business has a 50-day simple moving average of $116.24 and a two-hundred day simple moving average of $105.80. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The company has a market cap of $7.87 billion, a P/E ratio of 13.21, a P/E/G ratio of 1.56 and a beta of 1.29.

Oshkosh (NYSE:OSK) last issued its earnings results on Tuesday, January 30th. The company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.24 by $0.32. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company earned $1.60 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. Research analysts anticipate that Oshkosh will post 10.32 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were given a $0.46 dividend. This is a boost from Oshkosh’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.53%. Oshkosh’s dividend payout ratio is presently 20.26%.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now owns 13,499 shares in the company, valued at $1,503,518.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.58% of the company’s stock.

Institutional Trading of Oshkosh

Institutional investors have recently made changes to their positions in the business. Atlas Capital Advisors LLC grew its position in shares of Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 139 shares in the last quarter. Rise Advisors LLC grew its position in shares of Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Oshkosh by 53.6% during the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after purchasing an additional 111 shares in the last quarter. Money Concepts Capital Corp grew its position in shares of Oshkosh by 1,359.1% during the fourth quarter. Money Concepts Capital Corp now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 299 shares in the last quarter. Finally, BluePath Capital Management LLC purchased a new stake in shares of Oshkosh during the third quarter worth about $32,000. Hedge funds and other institutional investors own 92.36% of the company’s stock.

About Oshkosh

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.