Oshkosh Co. (NYSE:OSK) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Oshkosh Co. (NYSE:OSK - Get Free Report) have been given an average recommendation of "Moderate Buy" by the fourteen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $112.64.

A number of research analysts have issued reports on OSK shares. Citigroup restated a "buy" rating and issued a $105.00 target price (up from $95.00) on shares of Oshkosh in a report on Tuesday. Evercore ISI raised their target price on shares of Oshkosh from $122.00 to $137.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. UBS Group cut their price target on Oshkosh from $137.00 to $97.00 and set a "buy" rating for the company in a report on Monday, April 7th. Robert W. Baird decreased their price objective on Oshkosh from $163.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, The Goldman Sachs Group dropped their target price on Oshkosh from $135.00 to $116.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th.

Oshkosh Price Performance

Shares of Oshkosh stock traded up $0.78 on Wednesday, hitting $91.95. The company's stock had a trading volume of 660,562 shares, compared to its average volume of 615,545. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $5.92 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.37. The firm has a fifty day moving average price of $90.46 and a 200-day moving average price of $98.97. Oshkosh has a 52-week low of $76.82 and a 52-week high of $123.25.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.10). The company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The company's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.89 earnings per share. On average, equities research analysts expect that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, May 16th. Oshkosh's dividend payout ratio is presently 21.79%.

Institutional Trading of Oshkosh

Several hedge funds have recently bought and sold shares of OSK. JPMorgan Chase & Co. boosted its position in shares of Oshkosh by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company's stock worth $19,632,000 after buying an additional 28,478 shares during the period. Barclays PLC boosted its position in Oshkosh by 40.9% during the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock worth $11,192,000 after acquiring an additional 32,435 shares during the period. Semanteon Capital Management LP increased its holdings in shares of Oshkosh by 29.1% during the fourth quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock valued at $1,409,000 after purchasing an additional 3,342 shares during the period. Entropy Technologies LP raised its stake in shares of Oshkosh by 29.0% during the fourth quarter. Entropy Technologies LP now owns 20,018 shares of the company's stock valued at $1,903,000 after purchasing an additional 4,498 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Oshkosh by 181.7% in the fourth quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company's stock worth $2,035,000 after purchasing an additional 13,815 shares during the period. 92.36% of the stock is currently 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.