Oshkosh's (OSK) Buy Rating Reiterated at Truist Financial

Key Points

• Truist Financial reiterated its Buy rating on Oshkosh but lowered its price target to $161 from $174, implying approximately 15.15% upside from the prior close.
• Analyst sentiment remains generally positive, with a consensus rating of Moderate Buy and an average target price of $164.86; however, ratings range from Buy to Strong Sell.
• Oshkosh’s latest quarterly results fell short of expectations, with EPS of $2.41 versus the $3.06 consensus and revenue of $2.84 billion versus $2.94 billion expected, despite 5.6% year-over-year revenue growth.

Oshkosh (NYSE:OSK - Get Free Report)'s stock had its "buy" rating restated by research analysts at Truist Financial in a report issued on Friday, Benzinga reports. They currently have a $161.00 target price on the stock, down from their prior target price of $174.00. Truist Financial's price target points to a potential upside of 15.15% from the stock's previous close.

A number of other brokerages have also commented on OSK. Zacks Research lowered shares of Oshkosh from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 13th. Wall Street Zen lowered Oshkosh from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. DA Davidson lifted their target price on shares of Oshkosh from $168.00 to $176.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. cut their target price on shares of Oshkosh from $150.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, October 8th. Finally, Barclays upped their target price on Oshkosh from $150.00 to $170.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.86.

Oshkosh Price Performance

Oshkosh stock traded up $4.55 during mid-day trading on Friday, reaching $139.82. 267,387 shares of the company's stock traded hands, compared to its average volume of 741,327. The stock has a 50 day moving average of $140.09 and a two-hundred day moving average of $146.45. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.05 and a beta of 1.26. Oshkosh has a 12-month low of $116.77 and a 12-month high of $180.49.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $2.41 EPS for the quarter, missing the consensus estimate of $3.06 by ($0.65). The company had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.94 billion. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%. The company's revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.20 EPS. Equities analysts forecast that Oshkosh will post 10.54 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Pfeifer sold 778 shares of the business's stock in a transaction that occurred 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 sale, the director owned 150,669 shares of the company's stock, valued at $22,600,350. The trade was a 0.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Oshkosh

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Integrity Alliance LLC. lifted its stake in shares of Oshkosh by 23.0% during the third quarter. Integrity Alliance LLC. now owns 2,959 shares of the company's stock worth $381,000 after purchasing an additional 553 shares in the last quarter. One Way Holdings LLC acquired a new stake in shares of Oshkosh in the 3rd quarter valued at about $15,901,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Oshkosh during the 3rd quarter worth approximately $77,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Oshkosh by 16.3% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 25,700 shares of the company's stock valued at $3,311,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Parcion Private Wealth LLC boosted its stake in Oshkosh by 4.4% in the third quarter. Parcion Private Wealth LLC now owns 8,894 shares of the company's stock valued at $1,146,000 after acquiring an additional 374 shares during the period. Hedge funds and other institutional investors own 92.36% of the company's stock.

Oshkosh News Summary

Here are the key news stories impacting Oshkosh this week:

• Positive Sentiment: Revenue rose 5.6% year over year to $2.84 billion, indicating continued demand across Oshkosh’s businesses despite the earnings shortfall. Oshkosh third-quarter earnings report
• Positive Sentiment: Oshkosh declared a quarterly dividend of $0.57 per share, or $2.28 annualized, representing a yield of approximately 1.7%. The dividend supports the stock’s appeal to income-oriented investors. Oshkosh dividend announcement
• Positive Sentiment: A recent report suggested Oshkosh could be materially undervalued following a defense-energy partnership, providing a potential long-term catalyst if the relationship generates meaningful contracts or growth. Oshkosh defense-energy partnership valuation article

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.