JPMorgan Chase & Co. Cuts Oshkosh (NYSE:OSK) Price Target to $132.00

Oshkosh (NYSE:OSK) had its price target dropped by JPMorgan Chase & Co. from $150.00 to $132.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 3.51% from the stock’s previous close.

A number of other analysts also recently weighed in on OSK. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Robert W. Baird raised their price target on shares of Oshkosh from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Barclays upped their price target on Oshkosh from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Zacks Research raised shares of Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Friday, August 21st. Finally, DA Davidson boosted their price objective on Oshkosh from $168.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Eleven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.29.

Oshkosh Price Performance

NYSE:OSK traded down $1.09 on Thursday, hitting $127.52. The company had a trading volume of 625,129 shares, compared to its average volume of 742,396. The firm has a 50 day moving average of $146.85 and a two-hundred day moving average of $143.70. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.97 and a beta of 1.26. 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 52 week low of $116.77 and a 52 week high of $180.49.

Oshkosh (NYSE:OSK) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.24. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Oshkosh had a return on equity of 12.95% and a net margin of 5.24%.Oshkosh’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.41 EPS. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. On average, research analysts anticipate that Oshkosh will post 10.82 earnings per share for the current year.

Insiders Place Their Bets

In other Oshkosh news, Director John Pfeifer sold 778 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $150.00, for a total transaction of $116,700.00. Following the completion of the transaction, the director directly owned 150,669 shares of the company’s stock, valued at approximately $22,600,350. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSK. Jupiter Topco LLC bought a new position in shares of Oshkosh in the second quarter worth approximately $6,218,000. Expect Equity LLC purchased a new position in shares of Oshkosh during the second quarter worth approximately $3,565,000. Bank of America Corp DE bought a new stake in Oshkosh in the second quarter worth $135,656,000. Paralel Advisors LLC bought a new stake in shares of Oshkosh in the 2nd quarter valued at about $2,409,000. Finally, Y Intercept Hong Kong Ltd increased its stake in Oshkosh by 84.7% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 54,593 shares of the company’s stock worth $8,037,000 after purchasing an additional 25,037 shares during the period. 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.