Oshkosh Co. (NYSE:OSK) Receives Consensus Rating of “Hold” from Brokerages

Shares of Oshkosh Co. (NYSE:OSK) have been given an average recommendation of “Hold” by the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $124.38.

A number of brokerages have commented on OSK. Truist Financial increased their price target on shares of Oshkosh from $109.00 to $118.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Evercore ISI increased their price target on shares of Oshkosh from $122.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. UBS Group increased their price target on shares of Oshkosh from $125.00 to $137.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Bank of America increased their price target on shares of Oshkosh from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Finally, 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 report on Friday, January 31st.

Institutional Investors Weigh In On Oshkosh

Hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in shares of Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after acquiring an additional 138 shares during the period. Coppell Advisory Solutions LLC grew its position in shares of Oshkosh by 52.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 321 shares of the company’s stock valued at $30,000 after acquiring an additional 110 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of Oshkosh during the 4th quarter valued at $32,000. Brooklyn Investment Group bought a new stake in shares of Oshkosh during the 3rd quarter valued at $34,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Oshkosh during the 4th quarter valued at $34,000. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

Oshkosh Trading Down 2.0 %

Shares of Oshkosh stock opened at $95.75 on Tuesday. Oshkosh has a 12-month low of $89.08 and a 12-month high of $127.98. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 9.25, a PEG 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. The company’s 50-day moving average price is $101.44 and its 200-day moving average price is $102.31.

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

Oshkosh Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 2.13%. Oshkosh’s payout ratio is currently 19.71%.

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.