Oshkosh (NYSE:OSK) Price Target Raised to $158.00

Oshkosh (NYSE:OSK) had its price target upped by Robert W. Baird from $140.00 to $158.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on OSK. TheStreet upgraded Oshkosh from a c rating to a b- rating in a report on Tuesday, January 30th. Evercore ISI raised their price target on shares of Oshkosh from $122.00 to $124.00 and gave the stock an outperform rating in a research report on Tuesday, February 20th. Citigroup boosted their price objective on shares of Oshkosh from $115.00 to $130.00 and gave the company a buy rating in a research report on Wednesday, January 31st. The Goldman Sachs Group raised their target price on shares of Oshkosh from $104.00 to $116.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. Finally, Truist Financial assumed coverage on Oshkosh in a report on Thursday, March 14th. They set a hold rating and a $121.00 target price for the company. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh has a consensus rating of Moderate Buy and an average price target of $123.50.

Oshkosh Trading Down 0.9 %

OSK opened at $117.66 on Friday. Oshkosh has a 12-month low of $72.09 and a 12-month high of $127.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The stock has a market capitalization of $7.72 billion, a PE ratio of 11.26, a P/E/G ratio of 1.38 and a beta of 1.29. The firm’s fifty day moving average price is $117.49 and its 200 day moving average price is $107.24.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 EPS. As a group, research analysts expect that Oshkosh will post 11.31 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

Insider Activity

In related news, SVP Anupam Khare sold 4,234 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the sale, the senior vice president now directly owns 13,499 shares in the company, valued at approximately $1,503,518.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

Hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System acquired a new position in shares of Oshkosh in the 4th quarter valued at $1,995,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Oshkosh by 92.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,395 shares of the company’s stock worth $2,138,000 after acquiring an additional 10,770 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Oshkosh by 38.8% during the third quarter. Envestnet Asset Management Inc. now owns 122,800 shares of the company’s stock valued at $11,719,000 after acquiring an additional 34,325 shares during the period. Greenhaven Associates Inc. lifted its position in shares of Oshkosh by 0.5% in the 4th quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock valued at $267,750,000 after acquiring an additional 11,100 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in Oshkosh by 26.9% in the 4th quarter. Raymond James & Associates now owns 72,470 shares of the company’s stock worth $7,856,000 after purchasing an additional 15,358 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Company Profile

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.