Oshkosh Co. (NYSE:OSK) Receives $125.07 Consensus PT from Brokerages

Oshkosh Co. (NYSE:OSK) has earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $125.79.

Several equities research analysts recently weighed in on OSK shares. Stifel Nicolaus decreased their price objective on Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Evercore ISI reduced their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Robert W. Baird boosted their price target on shares of Oshkosh from $158.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Truist Financial raised their price objective on shares of Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Raymond James assumed coverage on shares of Oshkosh in a report on Friday, June 28th. They set an “outperform” rating and a $125.00 target price on the stock.

Oshkosh Trading Down 1.8 %

NYSE:OSK opened at $99.25 on Friday. Oshkosh has a 52 week low of $86.10 and a 52 week high of $127.98. The firm has a 50-day moving average price of $105.71 and a two-hundred day moving average price of $111.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, July 31st. The company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the company earned $2.69 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. On average, equities analysts expect that Oshkosh will post 11.66 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.84 annualized dividend and a yield of 1.85%. Oshkosh’s payout ratio is presently 17.61%.

Institutional Trading of Oshkosh

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new position in Oshkosh in the second quarter valued at $1,455,000. New Wave Wealth Advisors LLC purchased a new position in shares of Oshkosh in the 2nd quarter worth about $216,000. Delphi Management Inc. MA increased its position in shares of Oshkosh by 8.5% during the 2nd quarter. Delphi Management Inc. MA now owns 17,313 shares of the company’s stock valued at $1,873,000 after purchasing an additional 1,362 shares during the last quarter. Algert Global LLC raised its holdings in shares of Oshkosh by 9.1% during the 2nd quarter. Algert Global LLC now owns 90,082 shares of the company’s stock valued at $9,747,000 after buying an additional 7,544 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Oshkosh by 15.9% in the 2nd quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock worth $66,405,000 after buying an additional 85,698 shares during 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.