KeyCorp upgraded shares of Oshkosh (NYSE:OSK – Free Report) from a sector weight rating to an overweight rating in a research note issued to investors on Friday, Marketbeat.com reports. The firm currently has $113.00 target price on the stock.
Other equities analysts have also issued research reports about the stock. Truist Financial reduced their target price on shares of Oshkosh from $116.00 to $109.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. decreased their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Citigroup dropped their target price on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Robert W. Baird decreased their price target on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, UBS Group dropped their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $121.14.
Get Our Latest Stock Report on OSK
Oshkosh Trading Up 1.3 %
Oshkosh (NYSE:OSK – Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.63 billion. As a group, equities analysts predict that Oshkosh will post 11.35 earnings per share for the current year.
Oshkosh Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, November 15th. Oshkosh’s dividend payout ratio is presently 17.86%.
Institutional Investors Weigh In On Oshkosh
Institutional investors and hedge funds have recently modified their holdings of the stock. Trust Point Inc. raised its holdings in Oshkosh by 114.1% during the 4th quarter. Trust Point Inc. now owns 4,972 shares of the company’s stock worth $473,000 after buying an additional 2,650 shares during the period. Capital Insight Partners LLC raised its holdings in shares of Oshkosh by 6.9% during the fourth quarter. Capital Insight Partners LLC now owns 4,428 shares of the company’s stock valued at $421,000 after acquiring an additional 285 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Oshkosh in the 4th quarter valued at approximately $114,000. New Wave Wealth Advisors LLC purchased a new position in Oshkosh during the 4th quarter worth approximately $179,000. Finally, R Squared Ltd acquired a new stake in Oshkosh during the 4th quarter valued at $142,000. 92.36% of the stock is owned by institutional investors and hedge funds.
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.
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