Oshkosh (NYSE:OSK) PT Lowered to $105.00 at Jefferies Financial Group

Oshkosh (NYSE:OSK) had its target price trimmed by Jefferies Financial Group from $135.00 to $105.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other equities analysts have also recently commented on the stock. Citigroup initiated coverage on shares of Oshkosh in a research report on Wednesday, June 26th. They set a buy rating and a $130.00 price target on the stock. Robert W. Baird lifted their target price on Oshkosh from $158.00 to $190.00 and gave the stock an outperform rating in a research report on Friday, May 10th. JPMorgan Chase & Co. decreased their price objective on shares of Oshkosh from $130.00 to $120.00 and set a neutral rating for the company in a report on Wednesday. Raymond James began coverage on shares of Oshkosh in a research report on Friday, June 28th. They set an outperform rating and a $125.00 price target on the stock. Finally, Stifel Nicolaus upped their price target on shares of Oshkosh from $135.00 to $140.00 and gave the stock a buy rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $124.82.

Oshkosh Stock Up 1.5 %

Shares of NYSE OSK opened at $108.03 on Thursday. The stock has a market capitalization of $7.07 billion, a PE ratio of 10.34, a P/E/G ratio of 1.09 and a beta of 1.22. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $110.99 and a 200-day moving average of $112.77. Oshkosh has a 52-week low of $86.10 and a 52-week high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 earnings per share. On average, analysts anticipate that Oshkosh will post 11.21 EPS for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.70%. Oshkosh’s dividend payout ratio is currently 17.61%.

Institutional Investors Weigh In On Oshkosh

A number of large investors have recently bought and sold shares of the business. Atlas Capital Advisors LLC increased its position in shares of Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after purchasing an additional 139 shares during the period. Headlands Technologies LLC bought a new stake in Oshkosh in the 1st quarter valued at $31,000. Rise Advisors LLC raised its stake 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 buying an additional 181 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Oshkosh by 53.6% during the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after acquiring an additional 111 shares during the period. Finally, GAMMA Investing LLC bought a new stake in Oshkosh in the fourth quarter valued at about $42,000. 92.36% of the stock is currently owned by institutional investors.

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.