Oshkosh (NYSE:OSK) Given New $165.00 Price Target at UBS Group

Oshkosh (NYSE:OSK) had its target price upped by UBS Group from $164.00 to $165.00 in a research note issued to investors on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the company. DA Davidson set a $160.00 price target on Oshkosh and gave the company a “buy” rating in a research report on Tuesday, August 5th. Zacks Research lowered shares of Oshkosh from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Robert W. Baird raised their price target on shares of Oshkosh from $169.00 to $188.00 and gave the company an “outperform” rating in a report on Monday, August 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on Oshkosh from $133.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.25.

Oshkosh Stock Performance

OSK traded down $4.35 on Thursday, hitting $121.29. The company’s stock had a trading volume of 871,494 shares, compared to its average volume of 767,717. Oshkosh has a 12 month low of $76.82 and a 12 month high of $144.30. The firm has a market cap of $7.67 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. The company has a quick ratio of 0.92, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. The company’s 50 day simple moving average is $132.71 and its 200-day simple moving average is $120.81.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.08. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.93 earnings per share. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Analysts forecast that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a $0.51 dividend. The ex-dividend date is Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.7%. Oshkosh’s payout ratio is presently 19.90%.

Insiders Place Their Bets

In other Oshkosh news, CMO Bryan K. Brandt sold 1,732 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the sale, the chief marketing officer directly owned 10,459 shares in the company, valued at $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Anupam Khare sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $139.03, for a total value of $556,120.00. Following the transaction, the senior vice president directly owned 13,716 shares in the company, valued at $1,906,935.48. This trade represents a 22.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oshkosh

A number of large investors have recently made changes to their positions in OSK. Sivia Capital Partners LLC lifted its stake in Oshkosh by 2.8% in the third quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock worth $382,000 after acquiring an additional 81 shares during the period. ProShare Advisors LLC raised its holdings in Oshkosh by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after purchasing an additional 87 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Oshkosh by 6.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after purchasing an additional 100 shares during the period. First Business Financial Services Inc. boosted its stake in shares of Oshkosh by 0.9% during the 3rd quarter. First Business Financial Services Inc. now owns 11,845 shares of the company’s stock valued at $1,536,000 after purchasing an additional 103 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Oshkosh by 21.8% during the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after buying an additional 106 shares during the period. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Company Profile

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.