Stifel Nicolaus Raises Oshkosh (NYSE:OSK) Price Target to $140.00

Oshkosh (NYSE:OSK) had its target price increased by equities research analysts at Stifel Nicolaus from $135.00 to $140.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 19.49% from the company’s previous close.

Several other equities research analysts also recently issued reports on OSK. The Goldman Sachs Group upped their price target on Oshkosh from $104.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. upped their price target on Oshkosh from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Robert W. Baird upped their price objective on Oshkosh from $140.00 to $158.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group upped their price objective on Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company upped their price objective on Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $123.50.

Oshkosh Stock Down 1.3 %

Shares of NYSE OSK traded down $1.53 during midday trading on Friday, hitting $117.16. 402,483 shares of the stock traded hands, compared to its average volume of 499,191. The company has a market cap of $7.68 billion, a PE ratio of 12.97, a P/E/G ratio of 1.54 and a beta of 1.29. Oshkosh has a one year low of $72.09 and a one year high of $127.98. The business has a 50 day moving average price of $117.31 and a two-hundred day moving average price of $106.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.45.

Oshkosh (NYSE:OSK) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.26 by $0.63. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a return on equity of 18.75% and a net margin of 6.19%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.59 earnings per share. On average, equities analysts predict that Oshkosh will post 10.33 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,234 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $111.38, for a total value of $471,582.92. Following the completion of the transaction, the senior vice president now owns 13,499 shares in the company, valued at approximately $1,503,518.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OSK. LSV Asset Management raised its stake in Oshkosh by 410.6% during the fourth quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock valued at $200,384,000 after buying an additional 1,486,402 shares during the last quarter. Norges Bank bought a new stake in shares of Oshkosh in the 4th quarter worth $83,524,000. Assenagon Asset Management S.A. increased its holdings in shares of Oshkosh by 1,374.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 257,142 shares of the company’s stock worth $27,877,000 after purchasing an additional 239,707 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Oshkosh in the 4th quarter worth $23,926,000. Finally, Vanguard Group Inc. increased its holdings in shares of Oshkosh by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company’s stock worth $773,014,000 after purchasing an additional 219,375 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.