Oshkosh (NYSE:OSK) Upgraded by Wall Street Zen to “Buy” Rating

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

Several other research analysts have also recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Oshkosh from $132.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Morgan Stanley increased their price target on Oshkosh from $136.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 10th. Barclays started coverage on Oshkosh in a report on Tuesday, November 25th. They issued an “overweight” rating and a $150.00 price objective for the company. Sanford C. Bernstein upped their target price on Oshkosh from $132.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, December 19th. Finally, KeyCorp reissued an “overweight” rating on shares of Oshkosh in a report on Thursday, December 18th. Thirteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.31.

Oshkosh Stock Down 0.7%

OSK opened at $152.33 on Friday. The stock has a fifty day moving average of $131.39 and a 200-day moving average of $131.95. The company has a market capitalization of $9.63 billion, a P/E ratio of 14.86, a P/E/G ratio of 2.05 and a beta of 1.41. Oshkosh has a fifty-two week low of $76.82 and a fifty-two week high of $155.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.99 and a current ratio of 1.98.

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

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, November 17th. Oshkosh’s payout ratio is currently 19.90%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in shares of Oshkosh by 22.8% during the 2nd quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after purchasing an additional 529,907 shares during the last quarter. LSV Asset Management grew its stake in shares of Oshkosh by 1.7% during the third quarter. LSV Asset Management now owns 1,895,825 shares of the company’s stock worth $245,889,000 after buying an additional 31,401 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Oshkosh by 25.4% during the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after buying an additional 345,782 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Oshkosh by 26.3% during the third quarter. Invesco Ltd. now owns 1,476,969 shares of the company’s stock worth $191,563,000 after buying an additional 307,949 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Oshkosh by 2.4% in the 2nd quarter. Bank of America Corp DE now owns 1,090,142 shares of the company’s stock valued at $123,775,000 after acquiring an additional 25,125 shares during the last quarter. 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.