Oshkosh (NYSE:OSK) Stock Price Expected to Rise, Truist Financial Analyst Says

Oshkosh (NYSE:OSK) had its price target boosted by Truist Financial from $113.00 to $116.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other research analysts have also weighed in on OSK. JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. UBS Group decreased their price target on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Robert W. Baird cut their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $123.00.

Oshkosh Stock Performance

Shares of NYSE OSK opened at $93.84 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh has a one year low of $93.34 and a one year high of $127.98. The business’s 50-day moving average price is $106.87 and its two-hundred day moving average price is $105.39. The company has a market capitalization of $6.11 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 0.98 and a beta of 1.19.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. Analysts anticipate that Oshkosh will post 11.35 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.96%. Oshkosh’s dividend payout ratio is currently 17.86%.

Hedge Funds Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently modified their holdings of OSK. V Square Quantitative Management LLC bought a new stake in Oshkosh in the third quarter valued at $25,000. Brooklyn Investment Group bought a new stake in shares of Oshkosh in the 3rd quarter worth about $34,000. Eagle Bay Advisors LLC increased its position in shares of Oshkosh by 547.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock worth $72,000 after purchasing an additional 564 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after purchasing an additional 893 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Oshkosh by 35.5% in the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $100,000 after buying an additional 262 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

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.