Oshkosh (NYSE:OSK) Given New $125.00 Price Target at UBS Group

Oshkosh (NYSE:OSK) had its target price cut by UBS Group from $129.00 to $125.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on OSK. Robert W. Baird reduced their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Evercore ISI cut their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, Truist Financial reduced their price objective on Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and an average price target of $122.86.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $101.41 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $107.38 and a 200-day simple moving average of $106.06. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.01 and a beta of 1.19. Oshkosh has a 1-year low of $93.34 and a 1-year high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.06. Oshkosh had a return on equity of 19.87% and a net margin of 6.41%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.63 billion. On average, sell-side analysts expect that Oshkosh will post 11.35 earnings per share for the current year.

Oshkosh Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.46 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.81%. Oshkosh’s dividend payout ratio is 17.86%.

Institutional Investors Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OSK. SG Americas Securities LLC bought a new position in Oshkosh in the 2nd quarter worth approximately $1,500,000. OFI Invest Asset Management acquired a new position in shares of Oshkosh during the second quarter valued at $1,545,000. Horizon Kinetics Asset Management LLC lifted its stake in shares of Oshkosh by 3.4% during the third quarter. Horizon Kinetics Asset Management LLC now owns 141,140 shares of the company’s stock valued at $14,144,000 after acquiring an additional 4,680 shares during the period. Y Intercept Hong Kong Ltd increased its position in Oshkosh by 57.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 20,184 shares of the company’s stock worth $2,023,000 after purchasing an additional 7,334 shares during the period. Finally, Equity Investment Corp increased its position in Oshkosh by 1.5% in the third quarter. Equity Investment Corp now owns 588,884 shares of the company’s stock worth $59,012,000 after purchasing an additional 8,611 shares during the period. Institutional investors and hedge funds own 92.36% of the company’s stock.

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.