Brokerages Set Oshkosh Corporation (NYSE:OSK) PT at $133.08

Key Points

• Oshkosh Corporation's shares have a consensus recommendation of "Moderate Buy" from analysts, with a target price set at $133.08.
• The company reported earnings of $3.41 per share for the last quarter, exceeding estimates and resulting in a revenue of $2.73 billion.
• Oshkosh has declared a quarterly dividend of $0.51, reflecting an annualized yield of 1.5%, with a payout ratio of approximately 20.48%.

Oshkosh Corporation (NYSE:OSK - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $133.0833.

A number of analysts recently weighed in on OSK shares. Citigroup reissued a "buy" rating and issued a $130.00 target price (up previously from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Truist Financial upgraded shares of Oshkosh from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $93.00 to $127.00 in a research report on Tuesday, June 3rd. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and upped their price target for the company from $124.00 to $131.00 in a research note on Tuesday, July 1st. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th.

Oshkosh Stock Performance

Shares of Oshkosh stock traded up $0.44 during midday trading on Friday, hitting $140.21. The company had a trading volume of 36,473 shares, compared to its average volume of 774,208. Oshkosh has a 1-year low of $76.82 and a 1-year high of $141.98. The business's 50 day simple moving average is $123.76 and its two-hundred day simple moving average is $106.22. The stock has a market cap of $8.97 billion, a PE ratio of 14.09, a P/E/G ratio of 1.72 and a beta of 1.43. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.84 and a quick ratio of 0.92.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.43. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm's revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $3.34 earnings per share. As a group, equities analysts predict that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, August 19th. Oshkosh's dividend payout ratio is presently 20.48%.

Institutional Trading of Oshkosh

Several hedge funds have recently bought and sold shares of OSK. Vanguard Group Inc. increased its position in shares of Oshkosh by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company's stock worth $769,303,000 after acquiring an additional 35,382 shares in the last quarter. American Century Companies Inc. boosted its stake in Oshkosh by 22.8% in the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company's stock worth $324,587,000 after purchasing an additional 529,907 shares during the period. Dimensional Fund Advisors LP increased its holdings in Oshkosh by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company's stock worth $251,417,000 after purchasing an additional 354,714 shares in the last quarter. LSV Asset Management raised its stake in shares of Oshkosh by 8.0% in the 2nd quarter. LSV Asset Management now owns 1,864,424 shares of the company's stock valued at $211,687,000 after purchasing an additional 137,818 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Oshkosh by 25.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company's stock valued at $193,728,000 after purchasing an additional 345,782 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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.