Oshkosh (NYSE:OSK) Stock Price Up 7.2% - Still a Buy?

Shares of Oshkosh Co. (NYSE:OSK - Get Free Report) traded up 7.2% on Thursday . The company traded as high as $109.64 and last traded at $109.48. 1,295,877 shares changed hands during trading, an increase of 103% from the average session volume of 637,690 shares. The stock had previously closed at $102.13.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Truist Financial raised Oshkosh from a "hold" rating to a "buy" rating and lifted their target price for the company from $93.00 to $127.00 in a report on Tuesday, June 3rd. Robert W. Baird lifted their target price on Oshkosh from $135.00 to $169.00 and gave the company an "outperform" rating in a report on Friday. Evercore ISI lifted their target price on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a report on Monday, May 19th. KeyCorp reduced their target price on Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Oshkosh from $92.00 to $106.00 and gave the company a "neutral" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Oshkosh has a consensus rating of "Hold" and an average price target of $120.29.

Oshkosh Price Performance

The business has a fifty day moving average price of $92.27 and a 200-day moving average price of $97.92. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $7.04 billion, a PE ratio of 10.57, a PEG ratio of 1.45 and a beta of 1.41.

Oshkosh (NYSE:OSK - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.92 earnings per share for the quarter, missing analysts' consensus estimates of $2.02 by ($0.10). The firm 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 business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.89 EPS. Research analysts expect that Oshkosh Co. will post 10.96 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.86%. Oshkosh's payout ratio is 21.79%.

Hedge Funds Weigh In On Oshkosh

A number of large investors have recently bought and sold shares of OSK. Blue Trust Inc. increased its stake in Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company's stock worth $27,000 after purchasing an additional 138 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Oshkosh by 181.7% during the fourth quarter. State of Alaska Department of Revenue now owns 21,420 shares of the company's stock valued at $2,035,000 after acquiring an additional 13,815 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Oshkosh during the fourth quarter valued at approximately $351,000. Empowered Funds LLC raised its holdings in shares of Oshkosh by 239.2% during the fourth quarter. Empowered Funds LLC now owns 41,686 shares of the company's stock valued at $3,963,000 after acquiring an additional 29,397 shares in the last quarter. Finally, Entropy Technologies LP raised its holdings in shares of Oshkosh by 29.0% during the fourth quarter. Entropy Technologies LP now owns 20,018 shares of the company's stock valued at $1,903,000 after acquiring an additional 4,498 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other 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.