Truist Financial Issues Positive Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price target raised by equities researchers at Truist Financial from $176.00 to $190.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 31.07% from the company’s previous close.

OSK has been the subject of a number of other reports. Zacks Research raised Oshkosh from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings cut shares of Oshkosh from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Sanford C. Bernstein set a $138.00 target price on shares of Oshkosh in a research note on Thursday, April 9th. Morgan Stanley dropped their price target on shares of Oshkosh from $157.00 to $150.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.60.

Oshkosh Trading Down 5.6%

Shares of Oshkosh stock opened at $144.96 on Thursday. The stock has a 50 day moving average of $138.07 and a 200 day moving average of $146.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.83 and a current ratio of 1.63. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 0.75 and a beta of 1.23. Oshkosh has a fifty-two week low of $116.77 and a fifty-two week high of $180.49.

Oshkosh (NYSE:OSK) last posted its earnings results on Friday, May 8th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.19). Oshkosh had a net margin of 5.54% and a return on equity of 13.90%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. Oshkosh’s revenue for the quarter was up .2% compared to the same quarter last year. Oshkosh has set its FY 2026 guidance at 11.500-11.500 EPS. As a group, research analysts predict that Oshkosh will post 11.05 earnings per share for the current year.

Insider Transactions at Oshkosh

In related news, Director Duncan Palmer sold 505 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $133.86, for a total transaction of $67,599.30. Following the completion of the transaction, the director directly owned 39,684 shares in the company, valued at $5,312,100.24. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

Several institutional investors have recently bought and sold shares of the company. Tower View Wealth Management LLC purchased a new position in shares of Oshkosh in the first quarter valued at approximately $29,000. Torren Management LLC purchased a new stake in Oshkosh during the 4th quarter worth approximately $30,000. V Square Quantitative Management LLC acquired a new stake in Oshkosh during the 4th quarter worth approximately $44,000. Whittier Trust Co. lifted its holdings in Oshkosh by 33.7% during the 1st quarter. Whittier Trust Co. now owns 373 shares of the company’s stock worth $55,000 after buying an additional 94 shares in the last quarter. Finally, Lodestone Wealth Management LLC purchased a new position in Oshkosh in the 4th quarter valued at approximately $47,000. 92.36% of the stock is owned by institutional investors and hedge funds.

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.