Oshkosh (NYSE:OSK) PT Raised to $125.00

Oshkosh (NYSE:OSK) had its price target increased by JPMorgan Chase & Co. from $120.00 to $125.00 in a research report released on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also issued reports on OSK. Evercore ISI dropped their target price on shares of Oshkosh from $137.00 to $119.00 and set an outperform rating on the stock in a report on Monday, August 19th. Truist Financial dropped their target price on shares of Oshkosh from $126.00 to $114.00 and set a hold rating on the stock in a report on Wednesday, October 9th. Raymond James began coverage on shares of Oshkosh in a report on Friday, June 28th. They issued an outperform rating and a $125.00 target price on the stock. Citigroup began coverage on shares of Oshkosh in a report on Wednesday, June 26th. They issued a buy rating and a $130.00 target price on the stock. Finally, Stifel Nicolaus dropped their price objective on shares of Oshkosh from $140.00 to $135.00 and set a buy rating on the stock in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $125.29.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $104.50 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. Oshkosh has a twelve month low of $86.10 and a twelve month high of $127.98. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 10.00, a P/E/G ratio of 0.96 and a beta of 1.19. The company’s fifty day moving average is $101.73 and its 200 day moving average is $109.32.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.34. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the firm posted $2.69 earnings per share. Oshkosh’s revenue for the quarter was up 18.0% on a year-over-year basis. Sell-side analysts forecast that Oshkosh will post 11.62 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh’s payout ratio is presently 17.61%.

Institutional Investors Weigh In On Oshkosh

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atlas Capital Advisors LLC increased 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 acquiring an additional 139 shares in the last quarter. Headlands Technologies LLC bought a new stake in Oshkosh in the 1st quarter worth about $31,000. Rise Advisors LLC grew its position in Oshkosh by 215.5% in the 1st 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. Bessemer Group Inc. grew its position in Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after purchasing an additional 289 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Oshkosh by 51.3% in the 1st quarter. GAMMA Investing LLC now owns 581 shares of the company’s stock worth $72,000 after purchasing an additional 197 shares in the last quarter. 92.36% of the stock is owned by institutional investors.

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.