The Goldman Sachs Group Issues Pessimistic Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price target decreased by The Goldman Sachs Group from $135.00 to $116.00 in a research note released on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on OSK. Bank of America upped their price target on Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a report on Monday, February 10th. Raymond James increased their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Oshkosh from $127.00 to $117.00 and set a “neutral” rating on the stock in a research report on Tuesday. Morgan Stanley raised their target price on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Finally, Evercore ISI boosted their price objective on shares of Oshkosh from $122.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and a consensus target price of $124.38.

Oshkosh Trading Down 2.0 %

Shares of NYSE:OSK opened at $95.75 on Wednesday. The stock has a market capitalization of $6.18 billion, a PE ratio of 9.25, a P/E/G ratio of 1.45 and a beta of 1.21. The firm has a fifty day moving average price of $101.44 and a 200 day moving average price of $102.31. Oshkosh has a 1 year low of $89.08 and a 1 year high of $127.98. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.

Oshkosh (NYSE:OSK) last posted its earnings results 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 net margin of 6.34% and a return on equity of 19.31%. Analysts expect that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.13%. The ex-dividend date was Friday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. Oshkosh’s dividend payout ratio (DPR) is presently 19.71%.

Hedge Funds Weigh In On Oshkosh

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock worth $27,000 after purchasing an additional 138 shares during the period. Coppell Advisory Solutions LLC lifted its stake in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after acquiring an additional 110 shares during the last quarter. Hager Investment Management Services LLC bought a new position in Oshkosh during the fourth quarter worth about $32,000. Brooklyn Investment Group bought a new stake in Oshkosh in the 3rd quarter valued at $34,000. Finally, V Square Quantitative Management LLC grew its stake in Oshkosh by 64.1% in the 4th quarter. V Square Quantitative Management LLC now owns 402 shares of the company’s stock valued at $38,000 after buying an additional 157 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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.