Oshkosh Co. (NYSE:OSK) Receives Average Rating of “Hold” from Analysts

Shares of Oshkosh Co. (NYSE:OSK) have received an average rating of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $125.29.

Several brokerages recently commented on OSK. Stifel Nicolaus reduced their price target on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Truist Financial reduced their target price on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Citigroup started coverage on Oshkosh in a report on Wednesday, June 26th. They set a “buy” rating and a $130.00 price target on the stock. Jefferies Financial Group reduced their price objective on Oshkosh from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. raised their price objective on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OSK. Atlas Capital Advisors LLC increased its holdings in shares of Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after acquiring an additional 139 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Oshkosh during the third quarter valued at approximately $25,000. Headlands Technologies LLC bought a new position in shares of Oshkosh in the first quarter valued at approximately $31,000. Bessemer Group Inc. lifted its stake in shares of Oshkosh by 280.6% in the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after buying an additional 289 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Oshkosh by 51.3% during the 1st quarter. GAMMA Investing LLC now owns 581 shares of the company’s stock worth $72,000 after buying an additional 197 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Stock Performance

Shares of NYSE OSK opened at $108.14 on Friday. The stock’s fifty day simple moving average is $102.22 and its 200 day simple moving average is $109.02. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 1.02 and a beta of 1.19. 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 52-week low of $86.10 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter last year, the business posted $2.69 EPS. Oshkosh’s revenue was up 18.0% on a year-over-year basis. As a group, sell-side analysts forecast that Oshkosh will post 11.4 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Friday, August 16th. Oshkosh’s dividend payout ratio (DPR) is presently 17.79%.

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.