Brokerages Set Oshkosh Co. (NYSE:OSK) Target Price at $125.79

Shares of Oshkosh Co. (NYSE:OSK) have been given an average recommendation of “Hold” by the fifteen research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $125.79.

A number of equities analysts have issued reports on OSK shares. Stifel Nicolaus lowered their target price on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Raymond James initiated coverage on Oshkosh in a report on Friday, June 28th. They set an “outperform” rating and a $125.00 price objective for the company. Citigroup started coverage on Oshkosh in a research note on Wednesday, June 26th. They issued a “buy” rating and a $130.00 target price on the stock. Evercore ISI decreased their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th.

Oshkosh Stock Down 0.2 %

Shares of Oshkosh stock opened at $99.37 on Tuesday. The company has a market capitalization of $6.50 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 0.97 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. The business has a 50-day moving average of $103.75 and a two-hundred day moving average of $110.92. Oshkosh has a 1 year low of $86.10 and a 1 year high of $127.98.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping the consensus estimate of $3.00 by $0.34. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the company posted $2.69 EPS. As a group, equities analysts predict that Oshkosh will post 11.62 EPS for the current year.

Oshkosh Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Friday, August 16th. Oshkosh’s dividend payout ratio is 17.61%.

Hedge Funds Weigh In On Oshkosh

Several institutional investors and hedge funds have recently modified their holdings of OSK. Vanguard Group Inc. boosted its holdings in shares of Oshkosh by 10.1% during the 1st quarter. Vanguard Group Inc. now owns 7,848,588 shares of the company’s stock worth $978,797,000 after buying an additional 718,122 shares during the period. Greenhaven Associates Inc. boosted its holdings in shares of Oshkosh by 1.5% during the second quarter. Greenhaven Associates Inc. now owns 2,517,042 shares of the company’s stock worth $272,344,000 after acquiring an additional 36,953 shares during the period. LSV Asset Management grew its position in shares of Oshkosh by 5.5% in the first quarter. LSV Asset Management now owns 1,950,720 shares of the company’s stock valued at $243,274,000 after purchasing an additional 102,330 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Oshkosh by 4.5% during the second 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 during the period. Finally, American Century Companies Inc. lifted its holdings in Oshkosh by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock worth $155,235,000 after purchasing an additional 235,496 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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.