Oshkosh (NYSE:OSK) Upgraded by Zacks Research to "Strong-Buy" Rating

Key Points

• Oshkosh's stock rating was upgraded from "hold" to "strong-buy" by Zacks Research, indicating a positive outlook from analysts.
• JPMorgan and KeyCorp raised their price targets on Oshkosh to $106.00 and $180.00 respectively, reflecting growing confidence in the company’s performance.
• Oshkosh reported earnings of $3.41 per share for the last quarter, exceeding analysts' expectations and demonstrating solid revenue performance.

Oshkosh (NYSE:OSK - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Oshkosh from $92.00 to $106.00 and gave the stock a "neutral" rating in a research note on Friday, June 6th. Truist Financial upgraded shares of 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 research note on Tuesday, June 3rd. Jefferies Financial Group reiterated a "hold" rating on shares of Oshkosh in a research note on Friday, June 6th. DA Davidson set a $160.00 price target on shares of Oshkosh and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group upgraded shares of Oshkosh from a "neutral" rating to a "buy" rating and increased their price target for the company from $124.00 to $131.00 in a research note on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of "Moderate Buy" and an average price target of $138.08.

Oshkosh Stock Down 2.8%

Shares of OSK traded down $3.97 during mid-day trading on Thursday, hitting $139.19. 877,534 shares of the company's stock were exchanged, compared to its average volume of 583,569. The company has a market cap of $8.91 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.73 and a beta of 1.49. Oshkosh has a fifty-two week low of $76.82 and a fifty-two week high of $144.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.92 and a current ratio of 1.84. The stock's 50-day moving average is $129.82 and its 200-day moving average is $108.34.

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

Insider Buying and Selling at Oshkosh

In related news, 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 transaction of $556,120.00. Following the completion of the sale, the senior vice president directly owned 13,716 shares of the company's stock, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 directly owned 10,459 shares of the company's stock, valued at approximately $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oshkosh

Several hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in Oshkosh by 91.4% in 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 period. Whittier Trust Co. lifted its holdings in Oshkosh by 69.1% in the second quarter. Whittier Trust Co. now owns 279 shares of the company's stock valued at $32,000 after acquiring an additional 114 shares during the period. CX Institutional acquired a new stake in Oshkosh in the first quarter valued at $28,000. Golden State Wealth Management LLC lifted its holdings in Oshkosh by 147.6% in the first quarter. Golden State Wealth Management LLC now owns 312 shares of the company's stock valued at $30,000 after acquiring an additional 186 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Oshkosh by 215.5% in the second quarter. Hantz Financial Services Inc. now owns 407 shares of the company's stock valued at $46,000 after acquiring an additional 278 shares during the period. 92.36% of the stock is 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.