Oshkosh (NYSE:OSK) Downgraded to "Hold" Rating by Zacks Research

Key Points

• Zacks Research downgraded Oshkosh (NYSE:OSK) from a "strong-buy" to a "hold" rating, indicating a shift in analyst sentiment towards the stock.
• Despite the downgrade, several analysts have given Oshkosh a "buy" rating, with price targets ranging from $131.00 to $180.00, reflecting a more bullish outlook from other research firms.
• Oshkosh reported better-than-expected quarterly earnings of $3.41 per share, exceeding analyst estimates and showing a revenue of $2.73 billion despite a year-over-year decline.

Oshkosh (NYSE:OSK - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on OSK. UBS Group set a $164.00 price objective on Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and increased their price objective for the company from $124.00 to $131.00 in a research note on Tuesday, July 1st. DA Davidson set a $160.00 price target on Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Citigroup lifted their price objective on Oshkosh from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Finally, KeyCorp raised their target price on Oshkosh from $140.00 to $180.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Oshkosh currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.58.

Oshkosh Price Performance

Shares of NYSE OSK opened at $130.50 on Monday. The company has a current ratio of 1.84, a quick ratio of 0.92 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 50 day moving average of $135.62 and a two-hundred day moving average of $114.37. The stock has a market cap of $8.35 billion, a P/E ratio of 13.10, a P/E/G ratio of 1.64 and a beta of 1.47.

Oshkosh (NYSE:OSK - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share 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 company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.67 billion. During the same quarter in the previous year, the business earned $3.34 earnings per share. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, research analysts forecast that Oshkosh will post 10.96 earnings per share for the current year.

Insider Activity at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh 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 completion of the transaction, the chief marketing officer owned 10,459 shares in the company, valued at approximately $1,468,129.83. This trade represents a 14.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $139.03, for a total value of $556,120.00. Following the completion of the transaction, the senior vice president owned 13,716 shares of the company's stock, valued at approximately $1,906,935.48. The trade was a 22.58% 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. Whittier Trust Co. boosted its position in Oshkosh by 69.1% during 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 period. CX Institutional acquired a new position in Oshkosh during the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC boosted its position in Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after purchasing an additional 186 shares during the period. Caldwell Trust Co acquired a new position in Oshkosh during the 2nd quarter valued at approximately $38,000. Finally, Hantz Financial Services Inc. boosted its position in Oshkosh by 215.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 407 shares of the company's stock valued at $46,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 92.36% of the company's stock.

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.

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