Oshkosh (NYSE:OSK) Price Target Lowered to $116.00 at The Goldman Sachs Group

Oshkosh (NYSE:OSK) had its price target lowered by The Goldman Sachs Group from $135.00 to $116.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on OSK. Truist Financial lifted their price target on shares of Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Raymond James lifted their price objective on shares of Oshkosh from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. UBS Group increased their target price on Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Citigroup cut their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, KeyCorp upped their price objective on Oshkosh from $113.00 to $132.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $124.38.

Oshkosh Stock Up 1.9 %

Oshkosh stock opened at $97.36 on Wednesday. The firm has a market capitalization of $6.28 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh has a twelve month low of $89.08 and a twelve month high of $127.98. The stock’s fifty day simple moving average is $101.21 and its 200-day simple moving average is $102.43.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. As a group, equities analysts expect that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued 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 2.10%. The ex-dividend date of this dividend was Friday, February 14th. Oshkosh’s dividend payout ratio is presently 19.71%.

Hedge Funds Weigh In On Oshkosh

A number of institutional investors have recently modified their holdings of OSK. Norges Bank acquired a new stake in Oshkosh during the 4th quarter worth $72,692,000. American Century Companies Inc. raised its holdings in shares of Oshkosh by 23.3% in the fourth quarter. American Century Companies Inc. now owns 2,030,410 shares of the company’s stock valued at $193,031,000 after buying an additional 384,141 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Oshkosh during the fourth quarter worth about $25,968,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Oshkosh during the fourth quarter worth about $23,285,000. Finally, Atlantic Investment Management Inc. acquired a new position in Oshkosh in the 4th quarter valued at about $21,866,000. 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.