Oshkosh (NYSE:OSK) Price Target Raised to $127.00 at JPMorgan Chase & Co.

Oshkosh (NYSE:OSK) had its price objective increased by JPMorgan Chase & Co. from $115.00 to $127.00 in a report released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently commented on OSK. Robert W. Baird dropped their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Truist Financial lifted their price target on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday. KeyCorp raised their target price on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday. Raymond James increased their price target on shares of Oshkosh from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday. Finally, UBS Group reduced their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Oshkosh has an average rating of “Moderate Buy” and a consensus price target of $125.25.

Oshkosh Price Performance

Shares of OSK opened at $116.30 on Friday. The firm’s 50 day moving average price is $99.78 and its 200 day moving average price is $103.08. The company has a market cap of $7.57 billion, a P/E ratio of 11.29, a PEG ratio of 1.72 and a beta of 1.21. The company has a quick ratio of 0.79, a current ratio of 1.46 and a debt-to-equity ratio of 0.15. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last released its earnings results on Thursday, January 30th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. On average, research analysts forecast that Oshkosh will post 11.34 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a $0.51 dividend. This is an increase from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, February 14th. Oshkosh’s dividend payout ratio (DPR) is 17.86%.

Institutional Investors Weigh In On Oshkosh

Hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new stake in Oshkosh in the 3rd quarter valued at approximately $25,000. Blue Trust Inc. lifted its holdings in shares of Oshkosh by 108.7% in the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the period. Hager Investment Management Services LLC purchased a new stake in shares of Oshkosh in the fourth quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in Oshkosh during the third quarter worth $34,000. Finally, Bank of Jackson Hole Trust purchased a new position in Oshkosh in the fourth quarter worth $44,000. 92.36% of the stock is owned by institutional investors and hedge funds.

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.