Oshkosh (NYSE:OSK) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Oshkosh (NYSE:OSK) from a buy rating to a hold rating in a research note released on Saturday morning.

Several other research firms also recently issued reports on OSK. UBS Group reaffirmed a “buy” rating and set a $167.00 price target on shares of Oshkosh in a research note on Friday. Citigroup raised their target price on Oshkosh from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Wells Fargo & Company upped their price target on Oshkosh from $144.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Morgan Stanley increased their price target on Oshkosh from $147.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Finally, Barclays began coverage on Oshkosh in a research note on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price objective on the stock. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.27.

Oshkosh Trading Up 4.0%

Shares of OSK stock opened at $149.55 on Friday. The firm has a market capitalization of $9.46 billion, a P/E ratio of 14.92, a P/E/G ratio of 2.07 and a beta of 1.43. Oshkosh has a twelve month low of $76.82 and a twelve month high of $158.53. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $137.43 and its 200 day simple moving average is $133.95.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. Oshkosh’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.58 earnings per share. As a group, sell-side analysts predict that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.5%. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, February 17th. Oshkosh’s payout ratio is presently 20.36%.

Institutional Trading of Oshkosh

Several hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. acquired a new stake in Oshkosh in the third quarter worth $26,000. Blue Trust Inc. boosted its position in shares of Oshkosh by 471.1% during the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $28,000 after purchasing an additional 179 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Oshkosh by 3,014.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock valued at $28,000 after buying an additional 211 shares during the period. Abich Financial Wealth Management LLC bought a new stake in Oshkosh in the 3rd quarter valued at about $29,000. Finally, Torren Management LLC bought a new stake in Oshkosh in the 4th quarter valued at about $30,000. Institutional investors own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.