Oshkosh (NYSE:OSK) Raised to Buy at 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 research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Several other analysts also recently commented on OSK. Bank of America increased 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. UBS Group set a $164.00 price objective on Oshkosh and gave the stock a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group raised Oshkosh from a "neutral" rating to a "buy" rating and upped their target price for the company from $124.00 to $131.00 in a report on Tuesday, July 1st. JPMorgan Chase & Co. upped their target price on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Finally, Citigroup reaffirmed a "buy" rating and issued a $130.00 target price (up from $125.00) on shares of Oshkosh in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $138.08.

Oshkosh Stock Up 1.8%

Shares of Oshkosh stock traded up $2.45 on Friday, hitting $136.30. The company had a trading volume of 895,491 shares, compared to its average volume of 542,631. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 1.66 and a beta of 1.49. Oshkosh has a 1 year low of $76.82 and a 1 year high of $144.30. The stock has a 50 day moving average of $134.40 and a 200-day moving average of $111.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84.

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

Insiders Place Their Bets

In related news, CMO Bryan K. Brandt sold 1,732 shares of the stock in a transaction on Monday, August 18th. The stock was 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 trade represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Anupam Khare sold 4,000 shares of the stock in a transaction 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 completion of the sale, the senior vice president owned 13,716 shares in the company, valued at $1,906,935.48. This trade represents a 22.58% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OSK. Parallel Advisors LLC grew its stake 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 buying an additional 127 shares during the last quarter. CX Institutional bought a new stake in shares of Oshkosh in the first quarter worth about $28,000. Golden State Wealth Management LLC grew its stake in shares of Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock worth $30,000 after purchasing an additional 186 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Oshkosh by 69.1% in the second quarter. Whittier Trust Co. now owns 279 shares of the company's stock worth $32,000 after purchasing an additional 114 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Oshkosh by 215.5% in the second quarter. Hantz Financial Services Inc. now owns 407 shares of the company's stock worth $46,000 after purchasing an additional 278 shares during the last quarter. 92.36% of the stock is 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.