Raymond James Initiates Coverage on Oshkosh (NYSE:OSK)

Raymond James started coverage on shares of Oshkosh (NYSE:OSK) in a report issued on Friday morning, MarketBeat.com reports. The firm issued an outperform rating and a $125.00 price objective on the stock.

A number of other research firms have also issued reports on OSK. StockNews.com lowered Oshkosh from a buy rating to a hold rating in a report on Friday, April 26th. Stifel Nicolaus boosted their price objective on shares of Oshkosh from $135.00 to $140.00 and gave the stock a buy rating in a report on Friday, April 26th. Citigroup assumed coverage on Oshkosh in a research note on Wednesday, June 26th. They set a buy rating and a $130.00 price target for the company. JPMorgan Chase & Co. upped their target price on Oshkosh from $120.00 to $130.00 and gave the company a neutral rating in a research note on Tuesday, April 16th. Finally, Truist Financial boosted their target price on shares of Oshkosh from $121.00 to $132.00 and gave the company a hold rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $127.25.

Oshkosh Stock Down 2.4 %

Shares of NYSE OSK opened at $105.65 on Friday. Oshkosh has a 12-month low of $84.60 and a 12-month high of $127.98. The stock has a market cap of $6.91 billion, a P/E ratio of 10.11, a PEG ratio of 1.09 and a beta of 1.22. The company has a current ratio of 1.43, a quick ratio of 0.76 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $113.05 and its 200-day simple moving average is $112.95.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.63. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a return on equity of 20.39% and a net margin of 6.93%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.59 EPS. As a group, equities analysts predict that Oshkosh will post 11.17 EPS for the current fiscal year.

Oshkosh Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, May 10th. Oshkosh’s payout ratio is currently 17.61%.

Institutional Investors Weigh In On Oshkosh

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Atlas Capital Advisors LLC increased its holdings in shares of Oshkosh by 161.6% in the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after acquiring an additional 139 shares in the last quarter. Headlands Technologies LLC bought a new position in Oshkosh during the first quarter worth about $31,000. Rise Advisors LLC boosted its stake in shares of Oshkosh by 215.5% during the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after acquiring an additional 181 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Oshkosh by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after purchasing an additional 111 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in Oshkosh in the 4th quarter valued at about $42,000. 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.