Oshkosh (NYSE:OSK) Stock Price Expected to Rise, UBS Group Analyst Says

Oshkosh (NYSE:OSK - Free Report) had its price objective increased by UBS Group from $119.00 to $149.00 in a research note published on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

OSK has been the subject of a number of other reports. Evercore ISI upped their target price on Oshkosh from $137.00 to $147.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Morgan Stanley decreased their price objective on Oshkosh from $110.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. 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 report on Friday, June 6th. KeyCorp decreased their price objective on Oshkosh from $132.00 to $120.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Oshkosh in a report on Friday, June 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.29.

Oshkosh Stock Down 0.8%

Shares of NYSE:OSK traded down $0.98 on Thursday, hitting $125.64. 165,912 shares of the company's stock were exchanged, compared to its average volume of 795,352. The firm's 50-day moving average is $106.52 and its 200 day moving average is $99.57. The company has a market capitalization of $8.09 billion, a PE ratio of 13.42, a P/E/G ratio of 1.84 and a beta of 1.43. Oshkosh has a 1-year low of $76.82 and a 1-year high of $129.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 1.77.

Oshkosh (NYSE:OSK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.02 by ($0.10). The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.42 billion. Oshkosh had a return on equity of 17.22% and a net margin of 5.84%. The company's revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.89 earnings per share. Sell-side analysts predict that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, May 16th. Oshkosh's payout ratio is currently 21.79%.

Hedge Funds Weigh In On Oshkosh

Several hedge funds have recently bought and sold shares of the company. Synovus Financial Corp increased its stake in Oshkosh by 0.4% in the 4th quarter. Synovus Financial Corp now owns 30,357 shares of the company's stock valued at $2,886,000 after purchasing an additional 106 shares in the last quarter. Coppell Advisory Solutions LLC increased its position in Oshkosh by 52.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company's stock worth $30,000 after buying an additional 110 shares in the last quarter. Captrust Financial Advisors increased its position in Oshkosh by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 3,259 shares of the company's stock worth $310,000 after buying an additional 122 shares in the last quarter. Parallel Advisors LLC increased its position in Oshkosh by 91.4% during the first quarter. Parallel Advisors LLC now owns 266 shares of the company's stock worth $25,000 after buying an additional 127 shares in the last quarter. Finally, Capital Insight Partners LLC increased its position in Oshkosh by 3.9% during the first quarter. Capital Insight Partners LLC now owns 4,599 shares of the company's stock worth $433,000 after buying an additional 171 shares in the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

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.