Oshkosh (NYSE:OSK) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Oshkosh from “buy” to “hold,” while Zacks Research separately cut its rating to “strong sell.” Despite the negative revisions, the broader analyst consensus remains “Moderate Buy,” with an average price target of $165.79.
• Oshkosh shares opened at $131.57, below their 50-day and 200-day moving averages of $141.45 and $142.43, respectively. The stock has traded between $116.77 and $180.49 over the past year.
• The company’s latest quarterly results exceeded expectations, reporting $2.87 in EPS versus a $2.63 estimate and $2.92 billion in revenue, up 6.7% year over year. Institutional investors own 92.36% of Oshkosh’s outstanding shares.

Oshkosh (NYSE:OSK - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other analysts also recently issued reports about the stock. Citigroup dropped their target price on shares of Oshkosh from $155.00 to $135.00 and set a "neutral" rating on the stock in a report on Monday, October 12th. Truist Financial dropped their price target on Oshkosh from $196.00 to $174.00 and set a "buy" rating on the stock in a research note on Monday, October 5th. Barclays lifted their price target on shares of Oshkosh from $150.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. DA Davidson raised their price objective on Oshkosh from $168.00 to $176.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Finally, Zacks Research downgraded Oshkosh from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 13th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $165.79.

Oshkosh Price Performance

Shares of OSK stock opened at $131.57 on Friday. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.02 and a beta of 1.26. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.72 and a quick ratio of 0.96. The stock's fifty day simple moving average is $141.45 and its 200 day simple moving average is $142.43. Oshkosh has a one year low of $116.77 and a one year high of $180.49.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.24. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the company earned $3.41 EPS. The firm's quarterly revenue was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. On average, analysts expect that Oshkosh will post 10.54 earnings per share for the current fiscal year.

Insider Transactions at Oshkosh

In other news, Director John Pfeifer sold 778 shares of the company's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $150.00, for a total transaction of $116,700.00. Following the transaction, the director owned 150,669 shares of the company's stock, valued at $22,600,350. This represents a 0.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Oshkosh

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Oshkosh during the 2nd quarter valued at about $913,816,000. Dimensional Fund Advisors LP increased its stake in Oshkosh by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company's stock worth $449,166,000 after acquiring an additional 46,306 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Oshkosh by 6.3% during the 1st quarter. First Trust Advisors LP now owns 1,290,424 shares of the company's stock valued at $189,963,000 after acquiring an additional 76,620 shares during the last quarter. Bank of America Corp DE increased its position in shares of Oshkosh by 0.9% in the first quarter. Bank of America Corp DE now owns 978,610 shares of the company's stock worth $144,061,000 after purchasing an additional 8,531 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Oshkosh in the second quarter valued at approximately $92,996,000. Institutional investors own 92.36% of the company's stock.

Oshkosh Company Profile

Oshkosh Corporation NYSE: OSK is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh's product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.

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