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

Key Points

• Oshkosh's stock rating has been downgraded from a "buy" to a "hold" by Wall Street Zen as of Sunday.
• Bank of America has raised its target price for Oshkosh from $90.00 to $103.00, giving it an "underperform" rating.
• The company posted strong Q3 earnings, reporting $3.41 earnings per share, exceeding analyst expectations of $2.98.

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

Other equities analysts have also issued research reports about the company. Bank of America increased their target price on Oshkosh from $90.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, June 6th. Citigroup restated a "buy" rating and issued a $130.00 price objective (up previously from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. DA Davidson set a $160.00 target price on shares of Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group upgraded shares of Oshkosh from a "neutral" rating to a "buy" rating and raised their price objective for the company from $124.00 to $131.00 in a research report on Tuesday, July 1st. Finally, Robert W. Baird lifted their price target on shares of Oshkosh from $169.00 to $188.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $138.08.

Oshkosh Stock Down 2.6%

Oshkosh stock opened at $132.73 on Friday. Oshkosh has a twelve month low of $76.82 and a twelve month high of $144.30. The stock's fifty day simple moving average is $134.54 and its 200-day simple moving average is $111.58. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $8.49 billion, a P/E ratio of 13.33, a P/E/G ratio of 1.66 and a beta of 1.49.

Oshkosh (NYSE:OSK - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $3.41 earnings per share for the quarter, topping 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 business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the company earned $3.34 earnings per share. The company's revenue was down 4.0% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, equities analysts expect that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CMO Bryan K. Brandt sold 1,732 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $140.37, for a total value of $243,120.84. Following the sale, the chief marketing officer owned 10,459 shares in the company, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the sale, the senior vice president owned 13,716 shares in the company, valued at approximately $1,906,935.48. This trade represents a 22.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

Institutional Investors Weigh In On Oshkosh

Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its stake in shares of Oshkosh by 91.4% in 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 in the last quarter. CX Institutional acquired a new stake in shares of Oshkosh in the 1st quarter valued at about $28,000. Golden State Wealth Management LLC raised its stake in shares of 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 in the last quarter. Whittier Trust Co. raised its stake in shares of Oshkosh by 69.1% in 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 in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Oshkosh by 215.5% in 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 in the last quarter. Institutional investors and hedge funds own 92.36% of the company's stock.

Oshkosh Company Profile

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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