Truist Financial Raises Oshkosh (NYSE:OSK) Price Target to $126.00

Oshkosh (NYSE:OSK) had its price objective raised by Truist Financial from $123.00 to $126.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has a hold rating on the stock.

OSK has been the topic of several other research reports. JPMorgan Chase & Co. dropped their price objective on Oshkosh from $130.00 to $120.00 and set a neutral rating on the stock in a research note on Wednesday, July 10th. Citigroup initiated coverage on Oshkosh in a research report on Wednesday, June 26th. They set a buy rating and a $130.00 price target on the stock. Robert W. Baird increased their price target on Oshkosh from $158.00 to $190.00 and gave the company an outperform rating in a research note on Friday, May 10th. StockNews.com cut Oshkosh from a buy rating to a hold rating in a research note on Friday, April 26th. Finally, Raymond James initiated coverage on Oshkosh in a research report on Friday, June 28th. They set an outperform rating and a $125.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $125.40.

Oshkosh Stock Down 4.9 %

Shares of OSK opened at $100.06 on Thursday. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 1.01 and a beta of 1.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 1.44. The business’s fifty day moving average price is $108.58 and its two-hundred day moving average price is $113.24. Oshkosh has a 52 week low of $86.10 and a 52 week high of $127.98.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.69 earnings per share. On average, analysts predict that Oshkosh will post 11.75 earnings per share for the current year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.84%. Oshkosh’s dividend payout ratio (DPR) is presently 17.61%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Atlas Capital Advisors LLC grew its position in Oshkosh by 161.6% during the first quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after buying an additional 139 shares during the period. Headlands Technologies LLC purchased a new position in Oshkosh during the first quarter valued at $31,000. Rise Advisors LLC lifted its holdings in Oshkosh by 215.5% during the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock valued at $33,000 after purchasing an additional 181 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Oshkosh by 53.6% during 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 in the last quarter. Finally, GAMMA Investing LLC purchased a new position in Oshkosh during the fourth quarter valued at $42,000. Institutional investors and hedge funds 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.