Oshkosh Corporation (NYSE:OSK) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Oshkosh Corporation has received an average recommendation of "Moderate Buy" from analysts, with ten analysts recommending a buy, one a sell, and three a hold.
• The company's stock opened at $131.43, with a twelve-month price target averaging $140.58 among analysts.
• Oshkosh recently announced a quarterly dividend of $0.51 per share, yielding approximately 1.6%, with a payout ratio of 20.48%.

Shares of Oshkosh Corporation (NYSE:OSK - Get Free Report) have received an average recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $140.5833.

A number of equities research analysts recently issued reports on OSK shares. Bank of America lifted their target price on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, June 6th. UBS Group set a $164.00 price objective on shares of Oshkosh and gave the company a "buy" rating in a report on Tuesday, August 5th. KeyCorp boosted their price objective on shares of Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Wall Street Zen downgraded shares of Oshkosh from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th.

Oshkosh Stock Up 1.4%

Oshkosh stock opened at $131.43 on Friday. The company has a 50 day moving average of $135.49 and a 200-day moving average of $113.78. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25. Oshkosh has a twelve month low of $76.82 and a twelve month high of $144.30. The stock has a market capitalization of $8.41 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.61 and a beta of 1.47.

Oshkosh (NYSE:OSK - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the business earned $3.34 EPS. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, equities research analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, August 19th. Oshkosh's dividend payout ratio is presently 20.48%.

Insider Activity at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $140.37, for a total transaction of $243,120.84. Following the sale, the chief marketing officer owned 10,459 shares in the company, valued at $1,468,129.83. This represents a 14.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Anupam Khare sold 4,000 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the transaction, the senior vice president directly owned 13,716 shares of the company's stock, valued at $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company's stock.

Institutional Trading of Oshkosh

Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in shares of Oshkosh by 91.4% in the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after acquiring an additional 127 shares during the period. Whittier Trust Co. lifted its stake in Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company's stock valued at $32,000 after purchasing an additional 114 shares during the last quarter. CX Institutional bought a new position in Oshkosh during the first quarter worth about $28,000. Golden State Wealth Management LLC grew its holdings in Oshkosh by 147.6% during the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares during the period. Finally, Caldwell Trust Co acquired a new position in Oshkosh during the second quarter worth approximately $38,000. Institutional investors and hedge funds own 92.36% of the company's stock.

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.

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