Oshkosh Co. (NYSE:OSK) Receives $123.50 Average Target Price from Analysts

Shares of Oshkosh Co. (NYSE:OSK) have been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $123.50.

A number of research firms have weighed in on OSK. Evercore ISI boosted their target price on shares of Oshkosh from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. upped their target price on shares of Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. TheStreet raised shares of Oshkosh from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Truist Financial increased their target price on shares of Oshkosh from $121.00 to $132.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, Morgan Stanley began coverage on shares of Oshkosh in a research note on Monday, January 8th. They set an “equal weight” rating and a $102.00 price target on the stock.

Oshkosh Stock Up 0.5 %

NYSE OSK opened at $112.81 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. Oshkosh has a 1-year low of $72.09 and a 1-year high of $127.98. The company has a 50 day moving average of $117.76 and a 200-day moving average of $107.54. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.25 and a beta of 1.29.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the business earned $1.59 earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities research analysts expect that Oshkosh will post 11.11 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, May 10th. Oshkosh’s payout ratio is presently 17.61%.

Insider Buying and Selling

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now owns 13,499 shares in the company, valued at $1,503,518.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oshkosh

Hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management lifted its stake in shares of Oshkosh by 410.6% in the fourth quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock worth $200,384,000 after buying an additional 1,486,402 shares in the last quarter. Norges Bank bought a new position in Oshkosh during the fourth quarter valued at $83,524,000. Assenagon Asset Management S.A. lifted its position in Oshkosh by 1,374.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock valued at $27,877,000 after purchasing an additional 239,707 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Oshkosh in the 4th quarter worth about $23,926,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Oshkosh by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company’s stock worth $773,014,000 after acquiring an additional 219,375 shares during the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.