Oshkosh (NYSE:OSK) Sets New 1-Year High - Still a Buy?

Oshkosh Corporation (NYSE:OSK - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $119.49 and last traded at $118.34, with a volume of 251522 shares. The stock had previously closed at $113.54.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OSK shares. Morgan Stanley lowered their target price on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lifted 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. Evercore ISI increased their price target on shares of Oshkosh from $137.00 to $147.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Robert W. Baird boosted their target price on shares of Oshkosh from $135.00 to $169.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Finally, Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and boosted their target price for the stock from $93.00 to $127.00 in a report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.14.

Oshkosh Stock Up 1.4%

The business's fifty day simple moving average is $102.71 and its two-hundred day simple moving average is $98.53. The company has a market cap of $8.00 billion, a PE ratio of 13.27, a PEG ratio of 1.79 and a beta of 1.43. 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 (NYSE:OSK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The business had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.42 billion. Oshkosh had a net margin of 5.84% and a return on equity of 17.22%. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the business earned $2.89 EPS. On average, analysts predict that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.51 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.64%. Oshkosh's dividend payout ratio is presently 21.79%.

Institutional Investors Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC increased 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 valued at $25,000 after acquiring an additional 127 shares during the last quarter. CX Institutional purchased a new position in shares of Oshkosh during the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC increased its holdings in Oshkosh by 147.6% in 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 last quarter. Coppell Advisory Solutions LLC increased its holdings in Oshkosh by 52.1% in the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock valued at $30,000 after purchasing an additional 110 shares during the last quarter. Finally, Twin Tree Management LP purchased a new stake in Oshkosh in the fourth quarter valued at approximately $41,000. 92.36% of the stock is currently owned by institutional investors and hedge funds.

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.