Analysts Set Oshkosh Co. (NYSE:OSK) Target Price at $125.92

Shares of Oshkosh Co. (NYSE:OSK) have earned an average rating of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $124.38.

Several research analysts have recently weighed in on OSK shares. UBS Group increased their price target on Oshkosh from $125.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Truist Financial increased their price target on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Evercore ISI increased their price target on Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Bank of America increased their price target on Oshkosh from $95.00 to $110.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th. Finally, The Goldman Sachs Group cut their price target on Oshkosh from $135.00 to $116.00 and set a “neutral” rating for the company in a research note on Wednesday.

Institutional Trading of Oshkosh

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Oshkosh by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 8,141,738 shares of the company’s stock valued at $774,035,000 after acquiring an additional 176,400 shares in the last quarter. Greenhaven Associates Inc. raised its holdings in shares of Oshkosh by 0.6% in the 4th quarter. Greenhaven Associates Inc. now owns 2,552,106 shares of the company’s stock valued at $242,629,000 after acquiring an additional 15,622 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Oshkosh by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,317,709 shares of the company’s stock valued at $220,342,000 after acquiring an additional 206,377 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Oshkosh by 23.3% in the 4th quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after acquiring an additional 384,141 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Oshkosh by 13.0% in the 4th quarter. FMR LLC now owns 1,383,558 shares of the company’s stock valued at $131,535,000 after acquiring an additional 159,667 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 0.4 %

Shares of NYSE:OSK opened at $97.68 on Tuesday. The company has a market capitalization of $6.30 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.51 and a quick ratio of 0.76. The business has a fifty day moving average price of $101.32 and a two-hundred day moving average price of $102.40. Oshkosh has a 1 year low of $89.08 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Analysts forecast that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 2.09%. This is a boost from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio (DPR) is presently 19.71%.

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.