UBS Group Forecasts Strong Price Appreciation for Oshkosh (NYSE:OSK) Stock

Oshkosh (NYSE:OSK) had its target price hoisted by equities researchers at UBS Group from $164.00 to $165.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 32.70% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Evercore ISI reiterated an “outperform” rating on shares of Oshkosh in a report on Tuesday, August 19th. JPMorgan Chase & Co. boosted their price objective on Oshkosh from $133.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Zacks Research lowered Oshkosh from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Citigroup dropped their price target on shares of Oshkosh from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Oshkosh in a research report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and an average price target of $145.25.

Oshkosh Stock Down 0.5%

NYSE OSK traded down $0.67 during trading hours on Thursday, hitting $124.34. 251,741 shares of the company were exchanged, compared to its average volume of 762,996. Oshkosh has a 52-week low of $76.82 and a 52-week high of $144.30. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 1.57 and a beta of 1.45. The company has a quick ratio of 0.92, a current ratio of 1.98 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $133.05 and a two-hundred day moving average of $120.77.

Oshkosh (NYSE:OSK) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.08. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Oshkosh had a return on equity of 16.60% and a net margin of 6.43%.The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the firm earned $2.93 EPS. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Equities research analysts anticipate that Oshkosh will post 10.96 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $139.03, for a total transaction of $556,120.00. Following the completion of the sale, the senior vice president owned 13,716 shares of the company’s stock, valued at $1,906,935.48. This represents a 22.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Bryan K. Brandt sold 1,732 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $140.37, for a total transaction of $243,120.84. Following the completion of the transaction, the chief marketing officer directly owned 10,459 shares of the company’s stock, valued at $1,468,129.83. This represents a 14.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sivia Capital Partners LLC increased its position in shares of Oshkosh by 2.8% during the 3rd quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock valued at $382,000 after purchasing an additional 81 shares during the last quarter. ProShare Advisors LLC lifted its stake in Oshkosh by 3.1% during the second quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after purchasing an additional 87 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Oshkosh by 6.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after buying an additional 100 shares during the period. First Business Financial Services Inc. increased its holdings in Oshkosh by 0.9% during the 3rd quarter. First Business Financial Services Inc. now owns 11,845 shares of the company’s stock valued at $1,536,000 after purchasing an additional 103 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Oshkosh by 21.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after acquiring an additional 106 shares during the period. 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.