Truist Financial Trims Oshkosh (NYSE:OSK) Target Price to $123.00

Oshkosh (NYSE:OSK) had its target price reduced by Truist Financial from $132.00 to $123.00 in a report issued on Tuesday morning, Benzinga reports. Truist Financial currently has a hold rating on the stock.

Several other research analysts have also recently issued reports on OSK. Bank of America raised their target price on shares of Oshkosh from $108.00 to $112.00 and gave the stock an underperform rating in a report on Tuesday, May 28th. Citigroup began coverage on shares of Oshkosh in a report on Wednesday, June 26th. They issued a buy rating and a $130.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Oshkosh from $135.00 to $140.00 and gave the company a buy rating in a report on Friday, April 26th. Raymond James began coverage on shares of Oshkosh in a report on Friday, June 28th. They issued an outperform rating and a $125.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Oshkosh from $120.00 to $130.00 and gave the company a neutral rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $126.69.

Oshkosh Stock Up 0.1 %

Shares of Oshkosh stock opened at $105.97 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.43. Oshkosh has a 52-week low of $84.60 and a 52-week high of $127.98. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 1.07 and a beta of 1.22. The company’s 50 day moving average price is $112.20 and its 200-day moving average price is $112.85.

Oshkosh (NYSE:OSK) last issued its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the business earned $1.59 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. Equities research analysts forecast that Oshkosh will post 11.21 EPS for the current year.

Oshkosh Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were given 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 dividend payout ratio is presently 17.61%.

Hedge Funds Weigh In On Oshkosh

Large investors have recently modified their holdings of the stock. Atlas Capital Advisors LLC raised its position in Oshkosh by 161.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after buying an additional 139 shares during the last quarter. Headlands Technologies LLC purchased a new position in Oshkosh in the 1st quarter worth about $31,000. Rise Advisors LLC raised its position in Oshkosh by 215.5% in the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after buying an additional 181 shares during the last quarter. Venturi Wealth Management LLC raised its position in Oshkosh by 53.6% in the 4th quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock worth $34,000 after buying an additional 111 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new position in Oshkosh in the 4th quarter worth about $42,000. Hedge funds and other 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.