Oshkosh Co. (NYSE:OSK) Receives $123.00 Average PT from Brokerages

Oshkosh Co. (NYSE:OSK) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $123.00.

Several research analysts have recently weighed in on OSK shares. JPMorgan Chase & Co. lifted 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. Truist Financial lifted their target price on Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Robert W. Baird cut their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, UBS Group reduced their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th.

Institutional Trading of Oshkosh

Several institutional investors and hedge funds have recently modified their holdings of the stock. Greenhaven Associates Inc. raised its holdings in shares of Oshkosh by 0.8% in the third quarter. Greenhaven Associates Inc. now owns 2,536,484 shares of the company’s stock valued at $254,181,000 after purchasing an additional 19,442 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Oshkosh by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,814,972 shares of the company’s stock worth $196,370,000 after purchasing an additional 78,235 shares in the last quarter. American Century Companies Inc. increased its stake in Oshkosh by 19.6% in the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after buying an additional 235,496 shares during the last quarter. FMR LLC increased its stake in Oshkosh by 3.3% in the 3rd quarter. FMR LLC now owns 1,223,891 shares of the company’s stock valued at $122,646,000 after buying an additional 39,235 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Oshkosh by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,089,930 shares of the company’s stock worth $109,250,000 after buying an additional 10,357 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $94.24 on Thursday. The firm’s fifty day moving average is $104.74 and its 200-day moving average is $104.39. Oshkosh has a 52 week low of $92.61 and a 52 week high of $127.98. The firm has a market cap of $6.13 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46.

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

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s payout ratio is presently 17.86%.

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.