Oshkosh (NYSE:OSK) Price Target Raised to $106.00

Oshkosh (NYSE:OSK - Free Report) had its target price hoisted by JPMorgan Chase & Co. from $92.00 to $106.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group lowered 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. Robert W. Baird lowered their price target on Oshkosh from $163.00 to $135.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Morgan Stanley lowered their price target on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and increased their price target for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. Finally, DA Davidson dropped their price target on shares of Oshkosh from $120.00 to $111.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $120.29.

Oshkosh Stock Up 1.2%

Shares of NYSE:OSK traded up $1.34 during trading on Friday, reaching $110.68. 795,787 shares of the stock traded hands, compared to its average volume of 650,871. The stock has a 50-day moving average of $92.57 and a two-hundred day moving average of $97.84. Oshkosh has a 52-week low of $76.82 and a 52-week high of $118.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. The stock has a market cap of $7.12 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41.

Oshkosh (NYSE:OSK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.42 billion. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. The company's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the firm posted $2.89 EPS. As a group, sell-side analysts expect that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.84%. Oshkosh's payout ratio is 21.79%.

Institutional Trading of Oshkosh

Several institutional investors and hedge funds have recently modified their holdings of the company. Synovus Financial Corp raised its position in shares of Oshkosh by 0.4% during the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock valued at $2,886,000 after purchasing an additional 106 shares during the period. Coppell Advisory Solutions LLC raised its position in shares of Oshkosh by 52.1% during 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 period. Captrust Financial Advisors raised its position in shares of Oshkosh by 3.9% during the 4th quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock valued at $310,000 after purchasing an additional 122 shares during the period. Parallel Advisors LLC raised its position in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company's stock valued at $25,000 after purchasing an additional 127 shares during the period. Finally, Blue Trust Inc. increased its holdings in 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 acquiring an additional 138 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors.

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.