Oshkosh (NYSE:OSK) Price Target Increased to $130.00 by Analysts at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK - Free Report) had its price target raised by JPMorgan Chase & Co. from $120.00 to $130.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company upped their target price on Oshkosh from $114.00 to $122.00 and gave the company an equal weight rating in a report on Wednesday, January 31st. Morgan Stanley began coverage on Oshkosh in a report on Monday, January 8th. They issued an equal weight rating and a $102.00 price objective on the stock. DA Davidson upgraded Oshkosh from a neutral rating to a buy rating and increased their price objective for the stock from $122.00 to $130.00 in a report on Friday, March 1st. Citigroup increased their price objective on Oshkosh from $115.00 to $130.00 and gave the stock a buy rating in a report on Wednesday, January 31st. Finally, Truist Financial began coverage on Oshkosh in a report on Thursday, March 14th. They issued a hold rating and a $121.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Oshkosh currently has a consensus rating of Moderate Buy and a consensus price target of $120.25.

Oshkosh Stock Down 0.3 %

Shares of OSK traded down $0.35 during trading hours on Tuesday, reaching $119.98. The company's stock had a trading volume of 304,021 shares, compared to its average volume of 500,234. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 1.56 and a beta of 1.29. Oshkosh has a 1-year low of $72.09 and a 1-year high of $127.98. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $116.24 and a two-hundred day moving average of $105.80.

Oshkosh (NYSE:OSK - Get Free Report) last issued its earnings results on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.32. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.60 EPS. As a group, research analysts predict that Oshkosh will post 10.32 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.53%. This is a boost from Oshkosh's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Wednesday, February 14th. Oshkosh's dividend payout ratio is currently 20.26%.

Insider Activity

In other news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares of the company's stock, valued at $1,503,518.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.58% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oshkosh

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Oshkosh by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company's stock worth $773,014,000 after purchasing an additional 219,375 shares during the period. BlackRock Inc. lifted its position in Oshkosh by 4.7% in the first quarter. BlackRock Inc. now owns 6,039,602 shares of the company's stock worth $502,374,000 after purchasing an additional 272,691 shares during the period. Greenhaven Associates Inc. lifted its position in Oshkosh by 0.5% in the fourth quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company's stock worth $267,750,000 after purchasing an additional 11,100 shares during the period. State Street Corp lifted its position in Oshkosh by 2.3% in the first quarter. State Street Corp now owns 1,891,453 shares of the company's stock worth $157,331,000 after purchasing an additional 43,172 shares during the period. Finally, LSV Asset Management lifted its position in Oshkosh by 410.6% in the fourth quarter. LSV Asset Management now owns 1,848,390 shares of the company's stock worth $200,384,000 after purchasing an additional 1,486,402 shares during the period. 92.36% of the stock is owned by institutional investors.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.