Oshkosh (NYSE:OSK) PT Raised to $132.00

Oshkosh (NYSE:OSK) had its price target hoisted by investment analysts at Truist Financial from $121.00 to $132.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 12.67% from the stock’s previous close.

OSK has been the topic of a number of other reports. DA Davidson raised shares of Oshkosh from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $122.00 to $130.00 in a research note on Friday, March 1st. UBS Group lifted their price target on shares of Oshkosh from $117.00 to $129.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. StockNews.com upgraded shares of Oshkosh from a “hold” rating to a “buy” rating in a research report on Monday, April 8th. Wells Fargo & Company raised their price objective on shares of Oshkosh from $114.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Oshkosh currently has a consensus rating of “Moderate Buy” and an average price target of $123.50.

Oshkosh Price Performance

OSK stock traded down $1.53 during trading on Friday, hitting $117.16. The stock had a trading volume of 402,483 shares, compared to its average volume of 499,191. Oshkosh has a twelve month low of $72.09 and a twelve month high of $127.98. The company’s 50-day moving average price is $117.31 and its two-hundred day moving average price is $106.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.45 and a quick ratio of 0.76. The stock has a market capitalization of $7.68 billion, a P/E ratio of 12.97, a PEG ratio of 1.54 and a beta of 1.29.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.63. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.49 billion. Oshkosh had a net margin of 6.19% and a return on equity of 18.75%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $1.59 earnings per share. As a group, research analysts predict that Oshkosh will post 10.33 EPS for the current fiscal year.

Insider Activity

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $111.38, for a total value of $471,582.92. Following the transaction, the senior vice president now directly owns 13,499 shares of the company’s stock, valued at approximately $1,503,518.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

Institutional investors have recently bought and sold shares of the company. Atlas Capital Advisors LLC boosted its position in shares of Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock worth $28,000 after purchasing an additional 139 shares in the last quarter. BluePath Capital Management LLC purchased a new position in Oshkosh in the 3rd quarter valued at about $32,000. Rise Advisors LLC lifted its holdings in Oshkosh by 215.5% in the 1st 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% in the 4th 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 in the 4th quarter valued at about $42,000. 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.