Oshkosh Co. (NYSE:OSK) Given Average Rating of “Hold” by Brokerages

Oshkosh Co. (NYSE:OSK) has been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. One investment 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. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $123.00.

OSK has been the subject of several analyst reports. UBS Group lowered their target price on Oshkosh from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Robert W. Baird decreased their price objective 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. Truist Financial increased their target price on Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. raised their target price on Oshkosh from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th.

Oshkosh Price Performance

Oshkosh stock opened at $95.07 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. The stock has a market cap of $6.19 billion, a P/E ratio of 9.23, a PEG ratio of 0.98 and a beta of 1.19. The company has a 50-day moving average price of $105.19 and a 200 day moving average price of $104.56. Oshkosh has a 12-month low of $92.61 and a 12-month high of $127.98.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.06. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate 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 earnings per share for the current year.

Oshkosh Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued 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 1.94%. Oshkosh’s dividend payout ratio (DPR) is presently 17.86%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of Oshkosh in the 3rd quarter valued at about $25,000. Brooklyn Investment Group acquired a new position in Oshkosh during the third quarter valued at approximately $34,000. International Assets Investment Management LLC lifted its position in Oshkosh by 9,922.2% during the third quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after buying an additional 893 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Oshkosh by 35.5% during the third quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after buying an additional 262 shares during the period. Finally, Redwood Wealth Management Group LLC purchased a new position in shares of Oshkosh in the 2nd quarter valued at $111,000. 92.36% of the stock is 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.