Oshkosh (NYSE:OSK) Price Target Raised to $132.00 at Truist Financial

Oshkosh (NYSE:OSK) had its price target raised by Truist Financial from $121.00 to $132.00 in a research note released on Friday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley started coverage on shares of Oshkosh in a report on Monday, January 8th. They issued an equal weight rating and a $102.00 price objective for the company. Evercore ISI raised their price objective on shares of Oshkosh from $122.00 to $124.00 and gave the stock an outperform rating in a report on Tuesday, February 20th. DA Davidson upgraded Oshkosh from a neutral rating to a buy rating and upped their target price for the stock from $122.00 to $130.00 in a report on Friday, March 1st. TheStreet raised Oshkosh from a c rating to a b- rating in a research report on Tuesday, January 30th. Finally, The Goldman Sachs Group lifted their price target on Oshkosh from $104.00 to $116.00 and gave the company a neutral rating in a research report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Oshkosh has a consensus rating of Moderate Buy and a consensus price target of $123.50.

Oshkosh Price Performance

Oshkosh stock opened at $117.58 on Friday. Oshkosh has a 12 month low of $72.09 and a 12 month high of $127.98. The stock’s 50 day moving average is $117.49 and its 200-day moving average is $107.07. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.39 and a beta of 1.29.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.63. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 earnings per share. Equities research analysts expect that Oshkosh will post 11.25 EPS for the current year.

Oshkosh Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, May 10th. Oshkosh’s dividend payout ratio (DPR) is 17.61%.

Insider Transactions at Oshkosh

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

Institutional Trading of Oshkosh

Several hedge funds have recently bought and sold shares of OSK. Vanguard Group Inc. lifted its holdings in Oshkosh by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 7,130,466 shares of the company’s stock valued at $773,014,000 after purchasing an additional 219,375 shares in the last quarter. Greenhaven Associates Inc. lifted its stake in shares of Oshkosh by 0.5% during the 4th quarter. Greenhaven Associates Inc. now owns 2,469,789 shares of the company’s stock valued at $267,750,000 after buying an additional 11,100 shares in the last quarter. LSV Asset Management boosted its holdings in Oshkosh by 410.6% in the 4th quarter. LSV Asset Management now owns 1,848,390 shares of the company’s stock worth $200,384,000 after buying an additional 1,486,402 shares during the period. Dimensional Fund Advisors LP increased its stake in Oshkosh by 7.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,747,710 shares of the company’s stock worth $189,473,000 after buying an additional 122,786 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Oshkosh by 2.0% in the third quarter. Invesco Ltd. now owns 857,911 shares of the company’s stock valued at $81,870,000 after acquiring an additional 16,919 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

About Oshkosh

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.