Oshkosh Co. (OSK) Given Average Rating of “Buy” by Analysts
Oshkosh Co. (NYSE:OSK) has been given a consensus recommendation of “Buy” by the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $93.23.
A number of research firms have recently commented on OSK. Zacks Investment Research upgraded shares of Oshkosh from a “hold” rating to a “strong-buy” rating and set a $82.00 price target for the company in a research report on Thursday, May 3rd. SunTrust Banks boosted their price target on shares of Oshkosh to $110.00 and gave the company a “buy” rating in a research report on Friday, April 20th. Deutsche Bank upgraded shares of Oshkosh from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Monday, March 19th. ValuEngine downgraded shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. Finally, Morgan Stanley assumed coverage on shares of Oshkosh in a report on Friday, March 2nd. They set an “equal weight” rating and a $86.00 price objective for the company.
Oshkosh opened at $73.57 on Monday, according to Marketbeat. The firm has a market cap of $5.42 billion, a PE ratio of 17.31, a PEG ratio of 0.70 and a beta of 1.60. The company has a quick ratio of 1.05, a current ratio of 1.81 and a debt-to-equity ratio of 0.35. Oshkosh has a one year low of $61.74 and a one year high of $100.26.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Monday, May 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, May 11th. Oshkosh’s dividend payout ratio is currently 22.59%.
In other news, Director Peter B. Hamilton sold 1,500 shares of Oshkosh stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.21, for a total transaction of $130,815.00. Following the completion of the sale, the director now directly owns 23,750 shares of the company’s stock, valued at approximately $2,071,237.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Sigma Planning Corp bought a new stake in Oshkosh in the fourth quarter worth $1,884,000. Bain Capital Public Equity Management LLC bought a new stake in Oshkosh in the fourth quarter worth $12,731,000. Davis R M Inc. lifted its stake in Oshkosh by 0.8% in the fourth quarter. Davis R M Inc. now owns 438,319 shares of the company’s stock worth $39,839,000 after purchasing an additional 3,526 shares during the last quarter. New Mexico Educational Retirement Board bought a new stake in Oshkosh in the fourth quarter worth $1,681,000. Finally, Itau Unibanco Holding S.A. lifted its stake in Oshkosh by 11.1% in the fourth quarter. Itau Unibanco Holding S.A. now owns 6,442 shares of the company’s stock worth $586,000 after purchasing an additional 646 shares during the last quarter. 92.94% of the stock is owned by institutional investors and hedge funds.
Oshkosh Company Profile
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. The company's Access Equipment segment provides aerial work platforms and telehandlers for use in various construction, industrial, institutional, and general maintenance applications. This segment also offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements; towing and recovery equipment; carriers and wreckers; equipment installation; and chassis and service parts sales.
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