Oshkosh Co. (NYSE:OSK) Receives Average Rating of “Hold” from Brokerages

Shares of Oshkosh Co. (NYSE:OSK) have been given a consensus recommendation of “Hold” by the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $125.79.

A number of brokerages have recently weighed in on OSK. Truist Financial lifted their price objective on Oshkosh from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Citigroup started coverage on shares of Oshkosh in a research report on Wednesday, June 26th. They set a “buy” rating and a $130.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Evercore ISI reduced their price target on shares of Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, Robert W. Baird raised their price objective on shares of Oshkosh from $158.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, May 10th.

Institutional Trading of Oshkosh

A number of institutional investors and hedge funds have recently bought and sold shares of OSK. Atlas Capital Advisors LLC increased its position in shares of 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 acquiring an additional 139 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Oshkosh during the 1st quarter valued at $31,000. Rise Advisors LLC raised its stake in shares of Oshkosh by 215.5% in the first quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Oshkosh during the fourth quarter valued at $42,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Oshkosh by 280.6% during the first quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock valued at $49,000 after purchasing an additional 289 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

Oshkosh Price Performance

Shares of Oshkosh stock opened at $99.25 on Friday. The stock has a market capitalization of $6.46 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19. Oshkosh has a one year low of $86.10 and a one year high of $127.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.81. The business’s 50 day simple moving average is $105.71 and its two-hundred day simple moving average is $111.95.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, beating the consensus estimate of $3.00 by $0.34. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.78 billion. Oshkosh had a net margin of 6.58% and a return on equity of 20.83%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.69 earnings per share. Analysts forecast that Oshkosh will post 11.66 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Friday, August 16th. Oshkosh’s payout ratio is 17.61%.

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.