Brokerages Set Oshkosh Corporation (NYSE:OSK) PT at $138.08

Shares of Oshkosh Corporation (NYSE:OSK - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $138.0833.

Several equities analysts recently weighed in on the company. Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a research report on Friday, June 6th. JPMorgan Chase & Co. increased their target price on Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. UBS Group set a $164.00 target price on Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group upgraded Oshkosh from a "neutral" rating to a "buy" rating and increased their target price for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. Finally, KeyCorp increased their target price on Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th.

Insider Transactions at Oshkosh

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kodai Capital Management LP acquired a new position in Oshkosh during the 1st quarter valued at approximately $7,077,000. Ieq Capital LLC acquired a new position in Oshkosh during the 1st quarter valued at approximately $7,682,000. Principal Financial Group Inc. boosted its position in Oshkosh by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 149,716 shares of the company's stock valued at $14,085,000 after purchasing an additional 553 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in Oshkosh during the 1st quarter valued at $263,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in Oshkosh during the 1st quarter worth $7,611,000. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Stock Performance

OSK traded down $0.85 during trading on Tuesday, hitting $137.84. 312,037 shares of the stock were exchanged, compared to its average volume of 753,761. The firm has a market capitalization of $8.82 billion, a P/E ratio of 13.84, a PEG ratio of 1.70 and a beta of 1.49. Oshkosh has a 1-year low of $76.82 and a 1-year high of $144.30. The stock has a fifty day moving average price of $133.37 and a two-hundred day moving average price of $110.03. 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 (NYSE:OSK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.98 by $0.43. Oshkosh had a return on equity of 16.70% and a net margin of 6.25%.The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the company posted $3.34 earnings per share. 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. As a group, sell-side analysts predict that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 19th. Oshkosh's dividend payout ratio (DPR) is 20.48%.

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.