Oshkosh (NYSE:OSK) Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Oshkosh (NYSE:OSK) from a hold rating to a buy rating in a report issued on Friday.

A number of other research analysts have also issued reports on the stock. Citigroup restated a “buy” rating and set a $130.00 price target (up previously from $125.00) on shares of Oshkosh in a research note on Tuesday, June 24th. Robert W. Baird raised their price target on shares of Oshkosh from $169.00 to $188.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. The Goldman Sachs Group raised shares of Oshkosh from a “neutral” rating to a “buy” rating and raised their price target for the stock from $124.00 to $131.00 in a research report on Tuesday, July 1st. Truist Financial raised shares of Oshkosh from a “hold” rating to a “buy” rating and raised their price target for the stock from $93.00 to $127.00 in a research report on Tuesday, June 3rd. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Oshkosh in a research report on Friday, June 6th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and an average price target of $133.08.

Oshkosh Trading Up 3.5%

Shares of Oshkosh stock opened at $141.9340 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25. Oshkosh has a 12-month low of $76.82 and a 12-month high of $142.93. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.77 and a beta of 1.43. The firm’s 50 day simple moving average is $125.98 and its two-hundred day simple moving average is $106.99.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Friday, August 1st. The company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.43. Oshkosh had a net margin of 6.25% and a return on equity of 16.70%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the prior year, the business posted $3.34 EPS. Oshkosh’s revenue for the quarter was down 4.0% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 11.000-11.000 EPS. Analysts predict 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 Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, August 19th. Oshkosh’s payout ratio is 20.48%.

Insider Buying and Selling at Oshkosh

In other news, CMO Bryan K. Brandt sold 1,732 shares of Oshkosh stock in a transaction that occurred on 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 transaction, the chief marketing officer directly owned 10,459 shares of the company’s stock, valued at $1,468,129.83. The trade was a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oshkosh

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in shares of Oshkosh by 91.4% during the 1st quarter. Parallel Advisors LLC now owns 266 shares of the company’s stock valued at $25,000 after purchasing an additional 127 shares in the last quarter. CX Institutional purchased a new position in shares of Oshkosh during the 1st quarter valued at approximately $28,000. Coppell Advisory Solutions LLC increased its holdings in shares of Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after purchasing an additional 110 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Oshkosh by 147.6% during the 1st quarter. Golden State Wealth Management LLC now owns 312 shares of the company’s stock valued at $30,000 after purchasing an additional 186 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in Oshkosh by 69.1% in the 2nd quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after acquiring an additional 114 shares during the period. 92.36% of the stock is owned by hedge funds and other 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.