Oshkosh Corporation (OSK) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: 11 of 17 analysts rate Oshkosh a buy, five say hold and one says sell; the average one-year price target is $164.50.
• Quarterly results fell short of expectations: Oshkosh reported EPS of $2.41 versus a $3.06 consensus estimate and revenue of $2.84 billion versus $2.94 billion expected, although revenue increased 5.6% year over year.
• The shares opened at $134.27, and the company announced a quarterly dividend of $0.57 per share, equivalent to a 1.7% annualized yield. Institutional investors and hedge funds own 92.36% of the stock.

Oshkosh Corporation (NYSE:OSK - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seventeen analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $164.50.

OSK has been the topic of a number of research analyst reports. Wall Street Zen downgraded Oshkosh from a "buy" rating to a "hold" rating in a report on Saturday, October 24th. Morgan Stanley decreased their price target on Oshkosh from $147.00 to $139.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 3rd. Robert W. Baird boosted their price target on Oshkosh from $172.00 to $180.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Barclays upped their price objective on Oshkosh from $150.00 to $170.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, DA Davidson dropped their price objective on Oshkosh from $168.00 to $164.00 and set a "buy" rating for the company in a research report on Monday, November 2nd.

Insider Buying and Selling 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 sale, the director directly owned 150,669 shares in the company, valued at approximately $22,600,350. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company's stock.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors have recently added to or reduced their stakes in OSK. Balance Wealth Partners LLC acquired a new stake in Oshkosh in the third quarter valued at approximately $26,000. Fiduciary Financial Advisors acquired a new position in shares of Oshkosh during the second quarter worth $38,000. GK Wealth Management LLC acquired a new position in shares of Oshkosh during the third quarter worth $47,000. Versant Capital Management Inc increased its holdings in shares of Oshkosh by 38.2% during the second quarter. Versant Capital Management Inc now owns 449 shares of the company's stock worth $69,000 after buying an additional 124 shares in the last quarter. Finally, NBH Bank acquired a new position in shares of Oshkosh during the second quarter worth $70,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Price Performance

Shares of NYSE:OSK opened at $134.27 on Friday. The firm has a 50 day moving average of $138.21 and a 200-day moving average of $146.13. Oshkosh has a 12 month low of $116.77 and a 12 month high of $180.49. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $8.19 billion, a PE ratio of 16.95, a PEG ratio of 1.22 and a beta of 1.27.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.06 by ($0.65). The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.94 billion. Oshkosh had a return on equity of 11.69% and a net margin of 4.63%. The business'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. On average, equities research analysts predict that Oshkosh will post 8.79 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.7%. Oshkosh's dividend payout ratio is 28.79%.

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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