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

Key Points

• Oshkosh's stock rating has been upgraded from a "hold" to a "buy" by Wall Street Zen, following a similar upgrade from Goldman Sachs who raised their target price from $124.00 to $131.00.
• The company reported $3.41 earnings per share for the last quarter, exceeding analysts' expectations, despite a 4.0% decrease in revenue compared to the previous year.
• Oshkosh boasts an average rating of "Moderate Buy" with a target price of $138.08, and institutional investors hold approximately 92.36% of the company's stock.

Oshkosh (NYSE:OSK - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

A number of other research firms also recently weighed in on OSK. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a report on Friday, June 6th. KeyCorp lifted their target price on shares of Oshkosh from $140.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Evercore ISI reiterated an "outperform" rating on shares of Oshkosh in a research note on Tuesday, August 19th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Oshkosh has an average rating of "Moderate Buy" and an average target price of $138.08.

Oshkosh Stock Down 1.3%

OSK stock opened at $136.92 on Friday. Oshkosh has a twelve month low of $76.82 and a twelve month high of $144.30. The company has a market cap of $8.76 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.72 and a beta of 1.49. The business's 50-day simple moving average is $133.62 and its 200 day simple moving average is $110.26. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.25.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results 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 the consensus estimate of $2.67 billion. During the same period last year, the business earned $3.34 earnings per share. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. On average, research analysts anticipate that Oshkosh will post 10.96 earnings per share for the current year.

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were 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 in the company, valued at $1,906,935.48. The trade was a 22.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Bryan K. Brandt sold 1,732 shares of the business'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 completion of the transaction, the chief marketing officer owned 10,459 shares of the company's stock, valued at $1,468,129.83. This trade represents a 14.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.55% of the company's stock.

Institutional Trading of Oshkosh

Several institutional investors and hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its position in shares of Oshkosh by 30.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 19,905 shares of the company's stock valued at $2,260,000 after acquiring an additional 4,650 shares during the last quarter. Silverlake Wealth Management LLC bought a new stake in shares of Oshkosh during the 2nd quarter valued at $227,000. Slocum Gordon & Co LLP bought a new stake in shares of Oshkosh during the 2nd quarter valued at $568,000. Hudson Bay Capital Management LP grew its holdings in shares of Oshkosh by 5.5% in the 2nd quarter. Hudson Bay Capital Management LP now owns 125,217 shares of the company's stock valued at $14,217,000 after buying an additional 6,493 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Oshkosh by 30.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 594 shares of the company's stock valued at $67,000 after buying an additional 140 shares during the period. Institutional investors 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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