Oshkosh (NYSE:OSK) Stock Gets Price Target Reduction from Citigroup

Oshkosh (NYSE:OSK) had its target price reduced by Citigroup from $155.00 to $135.00 in a research note published on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other brokerages have also weighed in on OSK. Wall Street Zen upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Zacks Research raised shares of Oshkosh from a “strong sell” rating to a “hold” rating in a report on Friday, August 21st. Robert W. Baird lifted their target price on shares of Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research report on Friday, October 9th. Finally, Truist Financial cut their price target on Oshkosh from $196.00 to $174.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Eleven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.79.

Oshkosh Stock Performance

Oshkosh stock opened at $127.41 on Monday. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 0.13. Oshkosh has a 1 year low of $116.77 and a 1 year high of $180.49. The company has a market cap of $7.87 billion, a PE ratio of 14.58, a PEG ratio of 0.98 and a beta of 1.26. The company’s 50-day moving average is $144.70 and its two-hundred day moving average is $143.09.

Oshkosh (NYSE:OSK) last issued its earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.24. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the firm earned $3.41 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Equities analysts anticipate that Oshkosh will post 10.54 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, August 13th. Oshkosh’s payout ratio is presently 26.09%.

Insider Activity at Oshkosh

In other news, Director John Pfeifer sold 778 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $150.00, for a total value of $116,700.00. Following the completion of the sale, the director directly owned 150,669 shares of the company’s stock, valued at $22,600,350. This represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OSK. BlackRock Inc. bought a new position in shares of Oshkosh during the second quarter worth $913,816,000. Dimensional Fund Advisors LP grew its holdings in shares of Oshkosh by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company’s stock valued at $449,166,000 after buying an additional 46,306 shares during the period. First Trust Advisors LP increased its position in shares of Oshkosh by 6.3% in the 1st quarter. First Trust Advisors LP now owns 1,290,424 shares of the company’s stock valued at $189,963,000 after buying an additional 76,620 shares in the last quarter. Bank of America Corp DE increased its position in shares of Oshkosh by 0.9% in the 1st quarter. Bank of America Corp DE now owns 978,610 shares of the company’s stock valued at $144,061,000 after buying an additional 8,531 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Oshkosh during the second quarter worth about $92,996,000. Institutional investors own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a specialty vehicle and equipment manufacturer headquartered in Oshkosh, Wisconsin. Founded in 1917, the company develops products for demanding applications in construction, infrastructure, emergency response, defense, and other commercial and industrial markets.

Its products include access equipment such as aerial work platforms and telehandlers, vocational trucks and truck bodies, refuse and concrete equipment, airport ground-support vehicles, and fire and emergency vehicles.