Oshkosh Corporation (NYSE:OSK) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Oshkosh Corporation (NYSE:OSK - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fourteen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $138.0833.

Several equities research analysts have commented on the company. Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. KeyCorp upped their price target on Oshkosh from $140.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Robert W. Baird increased their price objective on Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Bank of America increased their price objective on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. increased their price objective on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th.

Oshkosh Stock Performance

Shares of OSK stock traded down $1.77 on Tuesday, hitting $136.92. The company had a trading volume of 631,849 shares, compared to its average volume of 515,068. The firm has a market cap of $8.76 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.72 and a beta of 1.49. The company has a 50-day moving average price of $133.62 and a 200-day moving average price of $110.31. 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.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share (EPS) 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 return on equity of 16.70% and a net margin of 6.25%.The company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities research analysts predict that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Oshkosh's dividend payout ratio is presently 20.48%.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $139.03, for a total transaction of $556,120.00. Following the transaction, the senior vice president owned 13,716 shares of the company's stock, valued at approximately $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $243,120.84. Following the sale, the chief marketing officer owned 10,459 shares of the company's stock, valued at $1,468,129.83. This trade represents a 14.21% decrease in their position. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC boosted its position in Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares during the period. CX Institutional bought a new position in shares of Oshkosh in the first quarter valued at approximately $28,000. Golden State Wealth Management LLC boosted 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 buying an additional 186 shares in the last quarter. Whittier Trust Co. boosted its holdings in Oshkosh by 69.1% during the second quarter. Whittier Trust Co. now owns 279 shares of the company's stock worth $32,000 after buying an additional 114 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Oshkosh by 215.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 407 shares of the company's stock valued at $46,000 after acquiring an additional 278 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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.