Oshkosh Co. (NYSE:OSK) Receives $114.93 Average Price Target from Analysts

Oshkosh Co. (NYSE:OSK - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $114.93.

A number of brokerages have recently issued reports on OSK. DA Davidson lowered their target price on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Citigroup reiterated a "buy" rating and set a $105.00 price target (up previously from $95.00) on shares of Oshkosh in a research note on Tuesday, May 6th. Bank of America raised their price objective on shares of Oshkosh from $95.00 to $110.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. Robert W. Baird reduced their target price on shares of Oshkosh from $163.00 to $135.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Truist Financial decreased their target price on shares of Oshkosh from $94.00 to $93.00 and set a "hold" rating for the company in a research note on Thursday, May 1st.

Institutional Trading of Oshkosh

Several large investors have recently modified their holdings of OSK. Barclays PLC lifted its stake in Oshkosh by 40.9% in the 3rd quarter. Barclays PLC now owns 111,710 shares of the company's stock valued at $11,192,000 after buying an additional 32,435 shares in the last quarter. Semanteon Capital Management LP lifted its stake in shares of Oshkosh by 29.1% during the 4th quarter. Semanteon Capital Management LP now owns 14,820 shares of the company's stock worth $1,409,000 after purchasing an additional 3,342 shares during the period. Entropy Technologies LP lifted its holdings in shares of Oshkosh by 29.0% during the 4th quarter. Entropy Technologies LP now owns 20,018 shares of the company's stock worth $1,903,000 after acquiring an additional 4,498 shares during the period. State of Alaska Department of Revenue raised its position in shares of Oshkosh by 181.7% in the 4th quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company's stock worth $2,035,000 after buying an additional 13,815 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Oshkosh during the fourth quarter valued at approximately $23,285,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Stock Performance

OSK traded down $1.11 on Friday, reaching $99.25. The company had a trading volume of 748,683 shares, compared to its average volume of 631,559. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. Oshkosh has a 1 year low of $76.82 and a 1 year high of $118.39. The stock has a market capitalization of $6.39 billion, a PE ratio of 9.59, a P/E/G ratio of 1.45 and a beta of 1.37. The stock has a 50-day moving average price of $91.39 and a 200-day moving average price of $98.09.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.02 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.89 earnings per share. As a group, research analysts forecast that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh's payout ratio is currently 21.79%.

Oshkosh Company Profile

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.