Oshkosh Co. (NYSE:OSK) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Oshkosh Co. (NYSE:OSK - Get Free Report) have received a consensus rating of "Moderate Buy" from the seventeen brokerages that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $117.94.

OSK has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price target on Oshkosh from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, December 19th. Truist Financial initiated coverage on shares of Oshkosh in a report on Thursday, March 14th. They issued a "hold" rating and a $121.00 price target on the stock. UBS Group lifted their price target on shares of Oshkosh from $117.00 to $129.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Evercore ISI upped their price objective on shares of Oshkosh from $122.00 to $124.00 and gave the stock an "outperform" rating in a report on Tuesday, February 20th. Finally, DA Davidson upgraded shares of Oshkosh from a "neutral" rating to a "buy" rating and boosted their price target for the company from $122.00 to $130.00 in a research report on Friday, March 1st.

Oshkosh Stock Performance

Shares of NYSE OSK traded up $0.14 during trading on Tuesday, reaching $123.31. 339,697 shares of the stock traded hands, compared to its average volume of 516,833. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. The stock has a market capitalization of $8.09 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.29. Oshkosh has a 52-week low of $72.09 and a 52-week high of $125.35. The company has a 50-day moving average of $113.41 and a 200-day moving average of $103.69.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of $2.24 by $0.32. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The company's revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. Analysts forecast that Oshkosh will post 10.3 EPS for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a dividend of $0.46 per share. This is a boost from Oshkosh's previous quarterly dividend of $0.41. The ex-dividend date was Wednesday, February 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.49%. Oshkosh's dividend payout ratio is presently 20.26%.

Insider Activity at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $111.38, for a total transaction of $471,582.92. Following the sale, the senior vice president now directly owns 13,499 shares in the company, valued at approximately $1,503,518.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OSK. Vanguard Group Inc. boosted 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 last quarter. BlackRock Inc. raised its position in Oshkosh by 3.1% in the second quarter. BlackRock Inc. now owns 6,225,345 shares of the company's stock worth $539,053,000 after acquiring an additional 185,743 shares during the period. Greenhaven Associates Inc. boosted its stake in shares of Oshkosh by 0.5% during the 4th quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company's stock worth $267,750,000 after acquiring an additional 11,100 shares during the last quarter. State Street Corp grew its position in shares of Oshkosh by 2.3% during the 1st quarter. State Street Corp now owns 1,891,453 shares of the company's stock valued at $157,331,000 after acquiring an additional 43,172 shares during the period. Finally, LSV Asset Management increased its stake in shares of Oshkosh by 410.6% in the 4th 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 in the last quarter. 92.36% of the stock is owned by hedge funds and other 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.