Citigroup Lowers Oshkosh (NYSE:OSK) Price Target to $110.00

Oshkosh (NYSE:OSK) had its target price cut by Citigroup from $125.00 to $110.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their price objective on Oshkosh from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday. Robert W. Baird reduced their price target on shares of Oshkosh from $171.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. UBS Group dropped their price objective on shares of Oshkosh from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Truist Financial boosted their target price on shares of Oshkosh from $113.00 to $116.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $122.31.

Oshkosh Trading Up 1.3 %

NYSE OSK opened at $93.01 on Tuesday. 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 has a one year low of $89.08 and a one year high of $127.98. The company has a 50-day simple moving average of $103.12 and a 200-day simple moving average of $103.77. The firm has a market capitalization of $6.05 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.21.

Oshkosh (NYSE:OSK) last issued its earnings results on Wednesday, October 30th. The company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.06. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Oshkosh had a net margin of 6.41% and a return on equity of 19.87%. On average, equities analysts forecast that Oshkosh will post 11.35 earnings per share for the current year.

Oshkosh Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, November 15th. Oshkosh’s payout ratio is 17.86%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OSK. V Square Quantitative Management LLC purchased a new position in Oshkosh during the 3rd quarter valued at about $25,000. Brooklyn Investment Group purchased a new position in Oshkosh during the third quarter valued at approximately $34,000. International Assets Investment Management LLC grew its position in Oshkosh by 9,922.2% during the third 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 in the last quarter. Venturi Wealth Management LLC increased its stake in Oshkosh by 35.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,001 shares of the company’s stock valued at $100,000 after buying an additional 262 shares during the period. Finally, KBC Group NV lifted its position in Oshkosh by 15.2% in the 3rd quarter. KBC Group NV now owns 1,666 shares of the company’s stock worth $167,000 after buying an additional 220 shares in the last quarter. 92.36% of the stock is owned by institutional investors and hedge funds.

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.