Citigroup Cuts Oshkosh (NYSE:OSK) Price Target to $110.00

Oshkosh (NYSE:OSK) had its price target decreased by Citigroup from $125.00 to $110.00 in a research report released on Tuesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research firms have also commented on OSK. Truist Financial lifted their target price on Oshkosh from $113.00 to $116.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. reduced their target price on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. UBS Group cut their price objective on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Robert W. Baird cut their price objective on Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $121.77.

Oshkosh Stock Up 0.6 %

Oshkosh stock opened at $94.53 on Tuesday. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 0.94 and a beta of 1.21. The stock has a fifty day simple moving average of $102.45 and a two-hundred day simple moving average of $103.59. Oshkosh has a 12 month low of $89.08 and a 12 month high of $127.98. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15.

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

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.46 per share. The ex-dividend date was Friday, November 15th. This represents a $1.84 annualized dividend and a yield of 1.95%. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Hedge Funds Weigh In On Oshkosh

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Merit Financial Group LLC lifted its position in Oshkosh by 6.9% during the fourth quarter. Merit Financial Group LLC now owns 4,040 shares of the company’s stock valued at $384,000 after purchasing an additional 259 shares in the last quarter. Carolina Wealth Advisors LLC lifted its position in Oshkosh by 2.5% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,062 shares of the company’s stock valued at $576,000 after purchasing an additional 146 shares in the last quarter. Covea Finance lifted its position in shares of Oshkosh by 81.8% in the fourth quarter. Covea Finance now owns 30,000 shares of the company’s stock valued at $2,852,000 after acquiring an additional 13,500 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Oshkosh by 29.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 312,134 shares of the company’s stock valued at $29,675,000 after acquiring an additional 71,911 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Oshkosh by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 195,906 shares of the company’s stock valued at $19,632,000 after acquiring an additional 28,478 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other institutional investors.

About Oshkosh

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.