Oshkosh Co. (NYSE:OSK) Receives $123.14 Consensus Target Price from Brokerages

Oshkosh Co. (NYSE:OSK) has received an average rating of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $123.14.

Several analysts have commented on the stock. Robert W. Baird lowered their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Evercore ISI lowered their target price on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their target price on shares of Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Truist Financial lowered their price objective on shares of Oshkosh from $126.00 to $114.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus lowered their price objective on shares of Oshkosh from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, August 1st.

Hedge Funds Weigh In On Oshkosh

Several hedge funds and other institutional investors have recently made changes to their positions in OSK. Swiss National Bank lifted its holdings in shares of Oshkosh by 0.3% during the 1st quarter. Swiss National Bank now owns 129,100 shares of the company’s stock valued at $16,100,000 after acquiring an additional 400 shares in the last quarter. Headlands Technologies LLC acquired a new position in Oshkosh in the 1st quarter worth $31,000. US Bancorp DE lifted its holdings in Oshkosh by 3.0% in the 1st quarter. US Bancorp DE now owns 4,522 shares of the company’s stock worth $564,000 after buying an additional 132 shares in the last quarter. Entropy Technologies LP acquired a new position in Oshkosh in the 1st quarter worth $685,000. Finally, Blair William & Co. IL lifted its holdings in Oshkosh by 67.2% in the 1st quarter. Blair William & Co. IL now owns 16,963 shares of the company’s stock worth $2,115,000 after buying an additional 6,815 shares in the last quarter. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Trading Down 1.3 %

Shares of Oshkosh stock opened at $107.81 on Wednesday. The company has a market capitalization of $7.02 billion, a P/E ratio of 10.47, a P/E/G ratio of 1.06 and a beta of 1.18. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. Oshkosh has a 1 year low of $93.34 and a 1 year high of $127.98. The business has a 50 day moving average price of $104.34 and a 200 day moving average price of $106.94.

Oshkosh (NYSE:OSK) last released its earnings results on Wednesday, October 30th. The company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.87 by $0.06. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. Sell-side analysts anticipate that Oshkosh will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, November 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.71%. Oshkosh’s payout ratio is 17.86%.

Oshkosh Company Profile

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.