Oshkosh Corporation (NYSE:OSK) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts rate Oshkosh “Moderate Buy”: Of 17 covering firms, 11 recommend buying and six advise holding. The average 12-month price target is $165.79, with recent targets ranging from $174 to $180.
• Oshkosh exceeded quarterly expectations: The company reported adjusted EPS of $2.87 versus consensus of $2.63 and revenue of $2.92 billion versus $2.80 billion expected. Revenue increased 6.7% year over year.
• The company maintains shareholder returns: Oshkosh paid a quarterly dividend of $0.57, or $2.28 annualized, representing a 1.8% yield and a 26.09% payout ratio. Institutional investors own 92.36% of outstanding shares.

Shares of Oshkosh Corporation (NYSE:OSK - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seventeen research firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $165.79.

Several brokerages recently issued reports on OSK. Robert W. Baird lifted their target price on Oshkosh from $172.00 to $180.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. DA Davidson boosted 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. Zacks Research raised Oshkosh from a "strong sell" rating to a "hold" rating in a report on Friday, August 21st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Oshkosh in a research note on Friday. Finally, Truist Financial decreased their target price on Oshkosh from $196.00 to $174.00 and set a "buy" rating on the stock in a research note on Monday, October 5th.

Oshkosh Stock Up 1.4%

OSK stock opened at $128.43 on Wednesday. The stock's 50 day simple moving average is $145.20 and its 200 day simple moving average is $143.20. The company has a market cap of $7.93 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 0.95 and a beta of 1.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72. Oshkosh has a fifty-two week low of $116.77 and a fifty-two week high of $180.49.

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

Oshkosh Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, August 13th. Oshkosh's payout ratio is presently 26.09%.

Insider Activity

In other news, Director John Pfeifer sold 778 shares of the company's stock in a transaction 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 completion of the sale, the director owned 150,669 shares of the company's stock, valued at approximately $22,600,350. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company's stock.

Institutional Trading of Oshkosh

Institutional investors have recently added to or reduced their stakes in the business. Jupiter Topco LLC bought a new position in Oshkosh during the 2nd quarter valued at approximately $6,218,000. Expect Equity LLC bought a new stake in shares of Oshkosh in the 2nd quarter worth approximately $3,565,000. Bank of America Corp DE bought a new stake in shares of Oshkosh in the 2nd quarter worth approximately $135,656,000. Paralel Advisors LLC purchased a new position in shares of Oshkosh during the second quarter valued at approximately $2,409,000. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Oshkosh by 84.7% during the first quarter. Y Intercept Hong Kong Ltd now owns 54,593 shares of the company's stock valued at $8,037,000 after buying an additional 25,037 shares during the period. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

About Oshkosh

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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