Oshkosh (NYSE:OSK) Stock Gets Price Target Trim from Morgan Stanley

Oshkosh (NYSE:OSK) had its target price reduced by Morgan Stanley from $147.00 to $139.00 in a research report released on Tuesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities analysts have also recently weighed in on OSK. Citigroup raised their price target on Oshkosh from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Monday. Zacks Research cut Oshkosh from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. JPMorgan Chase & Co. increased their target price on Oshkosh from $132.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Oshkosh in a report on Friday, October 9th. Finally, DA Davidson decreased their price target on shares of Oshkosh from $168.00 to $164.00 and set a “buy” rating on the stock in a research note on Monday. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Oshkosh presently has an average rating of “Moderate Buy” and a consensus price target of $164.50.

Oshkosh Stock Down 4.8%

OSK opened at $136.56 on Tuesday. The company has a market capitalization of $8.33 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.27. The firm has a 50-day simple moving average of $138.66 and a two-hundred day simple moving average of $146.20. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.13. Oshkosh has a 52 week low of $116.77 and a 52 week high of $180.49.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, October 29th. The company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.06 by ($0.65). The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.94 billion. Oshkosh had a return on equity of 11.69% and a net margin of 4.63%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $3.20 earnings per share. Analysts forecast that Oshkosh will post 8.79 earnings per share for the current fiscal year.

Oshkosh Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.28 annualized dividend and a dividend yield of 1.7%. Oshkosh’s payout ratio is currently 28.79%.

Insiders Place Their Bets

In related news, Director John Pfeifer sold 778 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $150.00, for a total value of $116,700.00. Following the completion of the sale, the director directly owned 150,669 shares in the company, valued at $22,600,350. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OSK. BlackRock Inc. acquired a new stake in Oshkosh during the 2nd quarter worth about $913,816,000. Dimensional Fund Advisors LP increased its holdings in shares of Oshkosh by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,051,511 shares of the company’s stock valued at $449,166,000 after purchasing an additional 46,306 shares during the period. First Trust Advisors LP raised its stake in shares of Oshkosh by 6.3% in the first quarter. First Trust Advisors LP now owns 1,290,424 shares of the company’s stock worth $189,963,000 after purchasing an additional 76,620 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Oshkosh by 0.9% in the first quarter. Bank of America Corp DE now owns 978,610 shares of the company’s stock worth $144,061,000 after purchasing an additional 8,531 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Oshkosh in the second quarter worth about $92,996,000. Institutional investors own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a manufacturer of specialty vehicles, vehicle bodies and related equipment for commercial, government and industrial customers. The company serves markets that require purpose-built vehicles designed for demanding operating conditions, including defense, emergency response, construction, aviation support and municipal services.

Oshkosh’s product portfolio includes military vehicles and systems, fire apparatus, airport rescue and firefighting vehicles, refuse collection vehicles, concrete mixers, snow and ice removal equipment, and other vocational trucks.