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Oshkosh's (OSK) "Buy (B-)" Rating Reiterated at Weiss Ratings

Oshkosh logo with Auto/Tires/Trucks background

Key Points

  • Oshkosh's stock received a "buy (B-)" rating from Weiss Ratings, adding to positive sentiment as other analysts have also upgraded their ratings.
  • The company reported $3.41 EPS for its latest quarter, exceeding analysts' estimates of $2.98, although revenue was down 4% year-over-year.
  • Oshkosh's current consensus rating is "Moderate Buy" with an average target price of $144.25, supported by multiple analysts' upgrades and a strong institutional investor interest.
  • MarketBeat previews top five stocks to own in November.

Oshkosh (NYSE:OSK - Get Free Report)'s stock had its "buy (b-)" rating reiterated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group upgraded shares of Oshkosh from a "neutral" rating to a "buy" rating and boosted their target price for the company from $124.00 to $131.00 in a research report on Tuesday, July 1st. Robert W. Baird upped their target price on shares of Oshkosh from $169.00 to $188.00 and gave the stock an "outperform" rating in a research note on Monday, August 4th. Evercore ISI reiterated an "outperform" rating on shares of Oshkosh in a research note on Tuesday, August 19th. Truist Financial upped their target price on shares of Oshkosh from $155.00 to $171.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, DA Davidson set a $160.00 price target on shares of Oshkosh and gave the company a "buy" rating in a research report on Tuesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $144.25.

Read Our Latest Analysis on Oshkosh

Oshkosh Trading Up 0.3%

OSK opened at $134.97 on Wednesday. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.62 and a beta of 1.47. 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 current ratio of 1.84 and a quick ratio of 0.92. The company's 50 day moving average price is $135.80 and its two-hundred day moving average price is $114.51.

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 analysts' consensus estimates of $2.98 by $0.43. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.67 billion. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.34 EPS. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. As a group, research analysts predict that Oshkosh will post 10.96 earnings per share for the current year.

Insider Transactions at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the business's stock in a transaction dated 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 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 through this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the 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 sale, the chief marketing officer directly owned 10,459 shares of the company's stock, valued at $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 currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OSK. AQR Capital Management LLC increased its position in shares of Oshkosh by 267.3% in the first quarter. AQR Capital Management LLC now owns 1,363,556 shares of the company's stock valued at $126,224,000 after buying an additional 992,313 shares in the last quarter. Norges Bank acquired a new position in Oshkosh during the second quarter worth $98,570,000. Fuller & Thaler Asset Management Inc. acquired a new position in Oshkosh during the first quarter worth $54,860,000. American Century Companies Inc. boosted its stake in Oshkosh by 22.8% during the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company's stock worth $324,587,000 after buying an additional 529,907 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new position in Oshkosh during the second quarter worth $59,709,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

About Oshkosh

(Get Free Report)

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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