Oshkosh Corporation (NYSE:OSK) Receives $145.15 Consensus PT from Brokerages

Oshkosh Corporation (NYSE:OSK) has earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $145.50.

Several analysts have issued reports on OSK shares. KeyCorp boosted their target price on Oshkosh from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Truist Financial lowered their price objective on Oshkosh from $171.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. DA Davidson set a $160.00 target price on shares of Oshkosh and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Evercore ISI restated an “outperform” rating on shares of Oshkosh in a research note on Tuesday, August 19th.

Oshkosh Stock Up 0.8%

OSK opened at $128.18 on Friday. Oshkosh has a twelve month low of $76.82 and a twelve month high of $144.30. The company’s 50-day moving average price is $128.52 and its two-hundred day moving average price is $124.95. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.57 and a beta of 1.45. The company has a quick ratio of 0.92, a current ratio of 1.98 and a debt-to-equity ratio of 0.24.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $3.20 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.08. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the previous year, the firm posted $2.93 EPS. Oshkosh’s revenue was down 1.9% on a year-over-year basis. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. As a group, equities analysts expect that Oshkosh will post 10.96 earnings per share for the current year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, November 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. Oshkosh’s dividend payout ratio is currently 19.90%.

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Oshkosh by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,177,120 shares of the company’s stock worth $769,303,000 after purchasing an additional 35,382 shares during the period. American Century Companies Inc. increased its position in shares of Oshkosh by 22.8% during the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after buying an additional 529,907 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Oshkosh by 15.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,672,423 shares of the company’s stock worth $251,417,000 after buying an additional 354,714 shares in the last quarter. LSV Asset Management boosted its position in shares of Oshkosh by 1.7% in the third quarter. LSV Asset Management now owns 1,895,825 shares of the company’s stock valued at $245,889,000 after acquiring an additional 31,401 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Oshkosh by 25.4% in the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock valued at $193,728,000 after acquiring an additional 345,782 shares during the period. 92.36% of the stock is currently owned by 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.