Oshkosh (NYSE:OSK) Stock Rating Lowered by Zacks Research

Oshkosh (NYSE:OSK) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Truist Financial lifted their target price on shares of Oshkosh from $176.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Citigroup cut shares of Oshkosh from a “buy” rating to a “neutral” rating and cut their price target for the company from $180.00 to $170.00 in a report on Monday, April 13th. Sanford C. Bernstein set a $138.00 price target on shares of Oshkosh in a research report on Thursday, April 9th. Wall Street Zen lowered shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Evercore reiterated an “outperform” rating and set a $181.00 target price on shares of Oshkosh in a research note on Monday, May 11th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.60.

Oshkosh Trading Up 2.0%

Oshkosh stock opened at $154.97 on Thursday. Oshkosh has a 12 month low of $116.77 and a 12 month high of $180.49. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The business’s fifty day simple moving average is $138.63 and its two-hundred day simple moving average is $148.00. The company has a current ratio of 1.63, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.19). The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.29 billion. Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. Oshkosh’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.92 earnings per share. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, equities analysts predict that Oshkosh will post 10.87 earnings per share for the current fiscal year.

Insider Transactions at Oshkosh

In other Oshkosh news, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total value of $67,599.30. Following the transaction, the director directly owned 39,684 shares of the company’s stock, valued at approximately $5,312,100.24. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

Several institutional investors have recently made changes to their positions in OSK. Wedge Capital Management L L P NC grew its position in Oshkosh by 31.1% during the second quarter. Wedge Capital Management L L P NC now owns 100,875 shares of the company’s stock valued at $15,482,000 after buying an additional 23,929 shares during the period. Annex Advisory Services LLC raised its position in Oshkosh by 2.8% in the second quarter. Annex Advisory Services LLC now owns 2,967 shares of the company’s stock worth $455,000 after acquiring an additional 80 shares during the period. Wasatch Advisors LP boosted its stake in shares of Oshkosh by 12.6% during the 2nd quarter. Wasatch Advisors LP now owns 293,645 shares of the company’s stock worth $45,069,000 after acquiring an additional 32,959 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Oshkosh during the 2nd quarter worth $256,000. Finally, Polianta Ltd bought a new stake in shares of Oshkosh during the 2nd quarter valued at $2,010,000. Institutional investors own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.