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 research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $122.07.

Several research firms recently weighed in on OSK. Bank of America boosted their price objective on shares of Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, June 6th. Robert W. Baird boosted their target price on Oshkosh from $135.00 to $169.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and upped their price target for the company from $93.00 to $127.00 in a research note on Tuesday, June 3rd. The Goldman Sachs Group decreased their price target on Oshkosh from $135.00 to $116.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, UBS Group boosted their price objective on Oshkosh from $99.00 to $119.00 and gave the stock a "buy" rating in a report on Friday, May 16th.

Hedge Funds Weigh In On Oshkosh

Several institutional investors have recently modified their holdings of OSK. Synovus Financial Corp boosted its stake in Oshkosh by 0.4% during the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock worth $2,886,000 after acquiring an additional 106 shares during the last quarter. Coppell Advisory Solutions LLC raised its holdings in Oshkosh by 52.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after purchasing an additional 110 shares during the period. Captrust Financial Advisors boosted its position in shares of Oshkosh by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock worth $310,000 after purchasing an additional 122 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after purchasing an additional 127 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock valued at $27,000 after buying an additional 138 shares during the period. 92.36% of the stock is currently owned by institutional investors and hedge funds.

Oshkosh Price Performance

Shares of NYSE:OSK traded up $0.77 during midday trading on Thursday, reaching $113.76. The company's stock had a trading volume of 86,111 shares, compared to its average volume of 660,492. The business's fifty day simple moving average is $99.33 and its 200-day simple moving average is $97.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.77 and a quick ratio of 0.86. Oshkosh has a fifty-two week low of $76.82 and a fifty-two week high of $118.39. The company has a market capitalization of $7.32 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.60 and a beta of 1.41.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data 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). Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the business posted $2.89 EPS. The company's revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts expect that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh's dividend payout ratio (DPR) is currently 21.79%.

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.