UBS Group Issues Pessimistic Forecast for Oshkosh (NYSE:OSK) Stock Price

Oshkosh (NYSE:OSK) had its price objective reduced by UBS Group from $129.00 to $125.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Evercore ISI lowered their price objective on Oshkosh from $137.00 to $119.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Truist Financial dropped 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. JPMorgan Chase & Co. increased their target price on shares of Oshkosh from $120.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, Robert W. Baird dropped their price target 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Oshkosh currently has a consensus rating of “Hold” and a consensus price target of $122.86.

Oshkosh Stock Down 1.4 %

NYSE OSK opened at $100.00 on Thursday. The stock has a 50 day moving average price of $107.37 and a 200-day moving average price of $105.91. Oshkosh has a one year low of $93.34 and a one year high of $127.98. The company has a market capitalization of $6.51 billion, a P/E ratio of 9.71, a P/E/G ratio of 1.01 and a beta of 1.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.46.

Oshkosh (NYSE:OSK) last posted its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.63 billion. As a group, equities analysts predict that Oshkosh will post 11.35 EPS for the current fiscal year.

Oshkosh Dividend Announcement

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

Institutional Investors Weigh In On Oshkosh

Hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new stake in shares of Oshkosh during the third quarter valued at about $25,000. Brooklyn Investment Group acquired a new position in shares of Oshkosh during the third quarter worth $34,000. Eagle Bay Advisors LLC lifted its holdings in shares of Oshkosh by 547.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 667 shares of the company’s stock valued at $72,000 after purchasing an additional 564 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Oshkosh by 9,922.2% during the 3rd quarter. International Assets Investment Management LLC now owns 902 shares of the company’s stock valued at $90,000 after purchasing an additional 893 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Oshkosh by 35.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock worth $100,000 after purchasing an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.