Wall Street Zen Downgrades Oshkosh (NYSE:OSK) to Hold

Oshkosh (NYSE:OSK) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research analysts have also weighed in on OSK. Weiss Ratings reiterated a “buy (b-)” rating on shares of Oshkosh in a research note on Wednesday, October 8th. Sanford C. Bernstein upped their price target on shares of Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. Truist Financial reduced their price objective on Oshkosh from $171.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. JPMorgan Chase & Co. upped their target price on Oshkosh from $133.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company assumed coverage on Oshkosh in a research note on Thursday, November 13th. They set an “overweight” rating and a $144.00 price target for the company. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Oshkosh has a consensus rating of “Moderate Buy” and an average target price of $149.44.

Oshkosh Stock Up 1.9%

NYSE:OSK opened at $150.39 on Friday. The business’s fifty day moving average price is $128.53 and its 200 day moving average price is $130.71. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.66 and a beta of 1.41. The company has a current ratio of 1.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. Oshkosh has a 1-year low of $76.82 and a 1-year high of $150.66.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.08. The company had revenue of $2.69 billion for 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 business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.93 EPS. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. On average, sell-side analysts forecast that Oshkosh will post 10.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC lifted its stake in shares of Oshkosh by 2.8% in the third quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock worth $382,000 after buying an additional 81 shares during the last quarter. ProShare Advisors LLC raised its holdings in Oshkosh by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 2,855 shares of the company’s stock worth $324,000 after acquiring an additional 87 shares during the period. Tower Research Capital LLC TRC lifted its position in Oshkosh by 6.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock worth $200,000 after acquiring an additional 100 shares during the last quarter. First Business Financial Services Inc. boosted its holdings in Oshkosh by 0.9% during the third quarter. First Business Financial Services Inc. now owns 11,845 shares of the company’s stock valued at $1,536,000 after acquiring an additional 103 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Oshkosh by 21.8% in the second quarter. Farther Finance Advisors LLC now owns 593 shares of the company’s stock valued at $67,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Company Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.