UBS Group Forecasts Strong Price Appreciation for Oshkosh (NYSE:OSK) Stock

Oshkosh (NYSE:OSK) had its price objective upped by UBS Group from $125.00 to $137.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on OSK. KeyCorp raised their target price on shares of Oshkosh from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley lifted their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday. Robert W. Baird cut their target price on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Citigroup lowered their price target on Oshkosh from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial upped their price objective on Oshkosh from $109.00 to $118.00 and gave the stock a “hold” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.00.

Oshkosh Trading Down 0.7 %

Oshkosh stock opened at $110.67 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.51. Oshkosh has a fifty-two week low of $89.08 and a fifty-two week high of $127.98. The stock has a market cap of $7.20 billion, a P/E ratio of 10.69, a PEG ratio of 1.97 and a beta of 1.22. The firm’s fifty day moving average price is $99.67 and its 200-day moving average price is $103.06.

Oshkosh (NYSE:OSK) last announced its earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.36. Oshkosh had a return on equity of 19.31% and a net margin of 6.34%. Equities research analysts forecast that Oshkosh will post 11 earnings per share for the current fiscal year.

Oshkosh Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a dividend of $0.51 per share. This is a positive change from Oshkosh’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, February 14th. Oshkosh’s dividend payout ratio is currently 17.78%.

Institutional Trading of Oshkosh

Several large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in shares of Oshkosh during the third quarter valued at approximately $25,000. Blue Trust Inc. increased its position in Oshkosh by 108.7% during the 4th quarter. Blue Trust Inc. now owns 265 shares of the company’s stock valued at $27,000 after buying an additional 138 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in Oshkosh in the fourth quarter worth $32,000. Brooklyn Investment Group bought a new stake in Oshkosh in the third quarter worth $34,000. Finally, Proficio Capital Partners LLC bought a new position in Oshkosh in the 4th quarter worth about $34,000. Institutional investors own 92.36% of the company’s stock.

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.