Oshkosh (NYSE:OSK) Lowered to Hold Rating by Wall Street Zen

Key Points

• Oshkosh has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, affecting investor sentiment.
• Despite the downgrade, analysts from Citigroup and Goldman Sachs have maintained a "buy" rating with price targets of $130.00 and $131.00 respectively, indicating mixed opinions on the stock's outlook.
• Oshkosh reported earnings of $3.41 per share for the last quarter, surpassing estimates and marking a 4.0% year-over-year revenue decline.

Oshkosh (NYSE:OSK - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

A number of other equities analysts have also commented on OSK. Bank of America lifted their price objective on Oshkosh from $90.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday, June 6th. KeyCorp lifted their price objective on Oshkosh from $140.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Evercore ISI restated an "outperform" rating on shares of Oshkosh in a research report on Tuesday, August 19th. Finally, UBS Group set a $164.00 target price on shares of Oshkosh and gave the company a "buy" rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $138.08.

Oshkosh Trading Down 1.4%

NYSE:OSK traded down $1.89 during mid-day trading on Friday, hitting $137.48. 607,554 shares of the company's stock were exchanged, compared to its average volume of 765,321. The company has a 50 day simple moving average of $129.82 and a 200-day simple moving average of $108.34. 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 fifty-two week low of $76.82 and a fifty-two week high of $144.30. The firm has a market capitalization of $8.80 billion, a P/E ratio of 13.80, a PEG ratio of 1.73 and a beta of 1.49.

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

Insider Activity

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 transaction, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Anupam Khare sold 4,000 shares of the company'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 value of $556,120.00. Following the transaction, the senior vice president directly owned 13,716 shares in the company, valued at $1,906,935.48. The trade was a 22.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OSK. AQR Capital Management LLC raised its stake in shares of Oshkosh by 267.3% in the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company's stock worth $126,224,000 after purchasing an additional 992,313 shares during the last quarter. Norges Bank purchased a new stake in shares of Oshkosh during the 2nd quarter worth approximately $98,570,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Oshkosh during the 1st quarter worth approximately $54,860,000. American Century Companies Inc. increased its stake in shares of Oshkosh by 22.8% during the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company's stock worth $324,587,000 after purchasing an additional 529,907 shares during the last quarter. Finally, Pzena Investment Management LLC purchased a new stake in Oshkosh in the second quarter worth $59,709,000. 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.