Oshkosh (NYSE:OSK) Downgraded by Zacks Research to "Strong Sell"

Key Points

• Zacks Research downgraded Oshkosh to “strong sell” from “hold,” contrasting with the broader analyst consensus of “moderate buy” and an average price target of $165.79.
• Oshkosh shares opened at $127.41, down 0.8%, and remained below their 50-day and 200-day moving averages of $144.70 and $143.09, respectively.
• The company recently exceeded quarterly expectations, reporting $2.87 in EPS versus a $2.63 estimate and $2.92 billion in revenue, up 6.7% year over year. Director John Pfeifer also sold 778 shares under a pre-arranged trading plan.

Oshkosh (NYSE:OSK - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a report released on Tuesday, Zacks reports.

Several other analysts also recently commented on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Oshkosh in a report on Friday, October 9th. DA Davidson boosted their price target on shares of Oshkosh from $168.00 to $176.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Citigroup reduced their price objective on shares of Oshkosh from $155.00 to $135.00 and set a "neutral" rating for the company in a research report on Monday. Barclays increased their price objective on shares of Oshkosh from $150.00 to $170.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of Oshkosh from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Oshkosh currently has an average rating of "Moderate Buy" and a consensus target price of $165.79.

Oshkosh Stock Down 0.8%

Shares of NYSE:OSK opened at $127.41 on Tuesday. Oshkosh has a 1 year low of $116.77 and a 1 year high of $180.49. 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 business's 50-day moving average is $144.70 and its 200-day moving average is $143.09. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 0.98 and a beta of 1.26.

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, beating the consensus estimate of $2.63 by $0.24. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.80 billion. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%. The company's revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.41 earnings per share. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Equities research analysts predict that Oshkosh will post 10.54 earnings per share for the current year.

Insider Activity at Oshkosh

In other news, Director John Pfeifer sold 778 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $150.00, for a total value of $116,700.00. Following the transaction, the director owned 150,669 shares in the company, valued at approximately $22,600,350. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Oshkosh

Several institutional investors have recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC lifted its stake in shares of Oshkosh by 26.8% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 4,306 shares of the company's stock valued at $548,000 after acquiring an additional 909 shares during the last quarter. Sacks & Associates LLC bought a new position in Oshkosh during the third quarter worth $271,000. GK Wealth Management LLC acquired a new stake in Oshkosh during the 3rd quarter worth about $47,000. GAMMA Investing LLC raised its position in shares of Oshkosh by 17.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,262 shares of the company's stock worth $163,000 after acquiring an additional 183 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Oshkosh by 56.6% during the third quarter. Farther Finance Advisors LLC now owns 1,832 shares of the company's stock worth $236,000 after purchasing an additional 662 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh Company Profile

Oshkosh Corporation NYSE: OSK is a specialty vehicle and equipment manufacturer headquartered in Oshkosh, Wisconsin. Founded in 1917, the company develops products for demanding applications in construction, infrastructure, emergency response, defense, and other commercial and industrial markets.

Its products include access equipment such as aerial work platforms and telehandlers, vocational trucks and truck bodies, refuse and concrete equipment, airport ground-support vehicles, and fire and emergency vehicles.

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