Oshkosh (NYSE:OSK) Stock Price Expected to Rise, Bank of America Analyst Says

Oshkosh (NYSE:OSK) had its price objective lifted by Bank of America from $95.00 to $110.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an underperform rating on the stock.

A number of other equities analysts have also weighed in on OSK. Citigroup dropped their price objective on Oshkosh from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. KeyCorp upped their price objective on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley increased their price target on Oshkosh from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. UBS Group increased their price target on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Truist Financial increased their price target on Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.85.

Oshkosh Stock Performance

NYSE OSK opened at $107.95 on Monday. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. The company has a quick ratio of 0.76, a current ratio of 1.51 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $99.40 and a 200-day moving average price of $103.00. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. As a group, equities research analysts predict that Oshkosh will post 10.95 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.89%. Oshkosh’s dividend payout ratio is 17.78%.

Institutional Investors Weigh In On Oshkosh

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in Oshkosh by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after purchasing an additional 28,478 shares during the period. Virtu Financial LLC purchased a new stake in shares of Oshkosh in the third quarter worth approximately $504,000. Barclays PLC raised its holdings in shares of Oshkosh by 40.9% in the third quarter. Barclays PLC now owns 111,710 shares of the company’s stock worth $11,192,000 after buying an additional 32,435 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in shares of Oshkosh by 57.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after buying an additional 7,334 shares during the period. Finally, Horizon Kinetics Asset Management LLC raised its holdings in shares of Oshkosh by 3.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock worth $14,144,000 after buying an additional 4,680 shares during the period. 92.36% of the stock is currently 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.