Brokerages Set Oshkosh Corporation (NYSE:OSK) PT at $159.60

Shares of Oshkosh Corporation (NYSE:OSK) have earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $159.60.

OSK has been the subject of a number of research reports. DA Davidson boosted their price objective on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Truist Financial set a $183.00 price target on shares of Oshkosh in a research report on Friday, January 30th. Morgan Stanley decreased their price target on shares of Oshkosh from $155.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Robert W. Baird set a $182.00 target price on shares of Oshkosh in a report on Friday, January 30th.

Institutional Investors Weigh In On Oshkosh

Several large investors have recently modified their holdings of OSK. Dimensional Fund Advisors LP increased its stake in Oshkosh by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,005,205 shares of the company’s stock valued at $377,547,000 after buying an additional 175,139 shares during the period. American Century Companies Inc. boosted its holdings in shares of Oshkosh by 22.8% in the second quarter. American Century Companies Inc. now owns 2,858,787 shares of the company’s stock valued at $324,587,000 after acquiring an additional 529,907 shares in the last quarter. LSV Asset Management increased its stake in shares of Oshkosh by 0.9% during the fourth quarter. LSV Asset Management now owns 1,913,769 shares of the company’s stock worth $240,427,000 after acquiring an additional 17,944 shares during the period. AQR Capital Management LLC raised its holdings in Oshkosh by 25.4% during the second quarter. AQR Capital Management LLC now owns 1,709,338 shares of the company’s stock worth $193,728,000 after purchasing an additional 345,782 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Oshkosh by 26.3% in the third quarter. Invesco Ltd. now owns 1,476,969 shares of the company’s stock valued at $191,563,000 after purchasing an additional 307,949 shares during the period. Hedge funds and other institutional investors own 92.36% of the company’s stock.

Oshkosh Price Performance

Shares of OSK opened at $167.00 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. Oshkosh has a 1-year low of $76.82 and a 1-year high of $180.49. The stock has a market cap of $10.56 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The firm has a fifty day moving average price of $144.03 and a 200 day moving average price of $136.21.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The firm had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a return on equity of 15.69% and a net margin of 6.21%.The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 EPS. As a group, sell-side analysts anticipate that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s payout ratio is 20.36%.

About Oshkosh

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.