Oshkosh (NYSE:OSK) Downgraded by StockNews.com

StockNews.com lowered shares of Oshkosh (NYSE:OSK) from a buy rating to a hold rating in a research report released on Thursday.

Several other equities analysts have also issued reports on OSK. Stifel Nicolaus boosted their target price on shares of Oshkosh from $115.00 to $120.00 and gave the company a buy rating in a report on Tuesday, December 19th. Truist Financial initiated coverage on shares of Oshkosh in a report on Thursday, March 14th. They issued a hold rating and a $121.00 target price on the stock. DA Davidson upgraded shares of Oshkosh from a neutral rating to a buy rating and boosted their target price for the company from $122.00 to $130.00 in a report on Friday, March 1st. UBS Group boosted their target price on shares of Oshkosh from $117.00 to $129.00 and gave the company a buy rating in a report on Friday, February 2nd. Finally, Morgan Stanley started coverage on shares of Oshkosh in a report on Monday, January 8th. They issued an equal weight rating and a $102.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $117.94.

Oshkosh Stock Performance

Shares of Oshkosh stock opened at $124.71 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.16. Oshkosh has a twelve month low of $72.09 and a twelve month high of $124.99. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 1.63 and a beta of 1.28. The company’s fifty day moving average is $113.11 and its 200 day moving average is $103.51.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.32. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. Oshkosh’s revenue for the quarter was up 12.1% on a year-over-year basis. Sell-side analysts forecast that Oshkosh will post 10.3 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This is an increase from Oshkosh’s previous quarterly dividend of $0.41. This represents a $1.84 annualized dividend and a dividend yield of 1.48%. Oshkosh’s payout ratio is presently 20.26%.

Insider Transactions at Oshkosh

In other 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 transaction of $471,582.92. Following the completion of the sale, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at $1,503,518.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oshkosh

Institutional investors have recently added to or reduced their stakes in the company. Money Concepts Capital Corp grew its position in Oshkosh by 1,359.1% in the 4th quarter. Money Concepts Capital Corp now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 299 shares in the last quarter. BluePath Capital Management LLC bought a new stake in Oshkosh in the 3rd quarter worth about $32,000. Venturi Wealth Management LLC grew its position in Oshkosh by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after purchasing an additional 111 shares in the last quarter. GAMMA Investing LLC bought a new stake in Oshkosh in the 4th quarter worth about $42,000. Finally, Belpointe Asset Management LLC grew its position in Oshkosh by 108.5% in the 1st quarter. Belpointe Asset Management LLC now owns 513 shares of the company’s stock worth $43,000 after purchasing an additional 267 shares in the last quarter. 92.36% of the stock is 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.