Robert W. Baird Boosts Oshkosh (NYSE:OSK) Price Target to $158.00

Oshkosh (NYSE:OSK) had its price objective increased by Robert W. Baird from $140.00 to $158.00 in a research note published on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

OSK has been the topic of a number of other research reports. DA Davidson raised shares of Oshkosh from a neutral rating to a buy rating and raised their price objective for the stock from $122.00 to $130.00 in a research note on Friday, March 1st. Morgan Stanley initiated coverage on shares of Oshkosh in a report on Monday, January 8th. They issued an equal weight rating and a $102.00 price target for the company. StockNews.com raised shares of Oshkosh from a hold rating to a buy rating in a report on Monday, April 8th. Citigroup upped their price target on shares of Oshkosh from $115.00 to $130.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company upped their price target on shares of Oshkosh from $114.00 to $122.00 and gave the stock an equal weight rating in a research report on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $123.50.

Oshkosh Price Performance

Shares of NYSE OSK opened at $117.66 on Friday. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.39 and a beta of 1.29. Oshkosh has a 12 month low of $72.09 and a 12 month high of $127.98. The firm’s 50 day simple moving average is $117.49 and its 200-day simple moving average is $107.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, April 25th. The company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $1.59 EPS. Analysts expect that Oshkosh will post 11.25 EPS for the current year.

Oshkosh Announces Dividend

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

Insider Activity at Oshkosh

In related news, SVP Anupam Khare sold 4,234 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $111.38, for a total transaction of $471,582.92. Following the completion of the sale, the senior vice president now owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Oshkosh

Hedge funds have recently made changes to their positions in the company. Atlas Capital Advisors LLC lifted its holdings in Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 139 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in Oshkosh during the 3rd quarter worth approximately $32,000. Rise Advisors LLC raised its holdings in shares of Oshkosh by 215.5% in the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after purchasing an additional 181 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Oshkosh by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of Oshkosh in the 4th quarter valued at $42,000. Hedge funds and other 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.