Oshkosh Co. (NYSE:OSK) Receives $123.00 Consensus Target Price from Brokerages

Oshkosh Co. (NYSE:OSK) has received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $124.62.

Several equities research analysts have commented on the company. UBS Group dropped their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Truist Financial upped their price target on shares of Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Robert W. Baird cut their price objective on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, 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 report on Monday, October 14th.

Institutional Trading of Oshkosh

Large investors have recently modified their holdings of the company. American Century Companies Inc. grew its position in shares of Oshkosh by 19.6% during the 2nd quarter. American Century Companies Inc. now owns 1,434,702 shares of the company’s stock valued at $155,235,000 after acquiring an additional 235,496 shares during the period. Assenagon Asset Management S.A. lifted its position in Oshkosh by 3,329.3% during the third quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company’s stock valued at $24,073,000 after purchasing an additional 233,218 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Oshkosh during the second quarter valued at about $11,368,000. BNP Paribas Financial Markets increased its position in Oshkosh by 154.9% in the third quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company’s stock worth $16,044,000 after buying an additional 97,282 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Oshkosh by 15.9% in the second quarter. AQR Capital Management LLC now owns 623,463 shares of the company’s stock worth $66,405,000 after buying an additional 85,698 shares during the period. Institutional investors own 92.36% of the company’s stock.

Oshkosh Trading Down 0.6 %

Shares of NYSE OSK opened at $92.18 on Thursday. Oshkosh has a 1 year low of $91.00 and a 1 year high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.79. The firm has a 50-day moving average of $103.81 and a 200 day moving average of $104.09. The stock has a market cap of $6.00 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21.

Oshkosh (NYSE:OSK) last released its 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 net margin of 6.41% and a return on equity of 19.87%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.63 billion. As a group, sell-side analysts expect that Oshkosh will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid 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 2.00%. Oshkosh’s dividend payout ratio (DPR) is currently 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.