Stifel Nicolaus Raises Oshkosh (NYSE:OSK) Price Target to $140.00

Oshkosh (NYSE:OSK) had its target price hoisted by Stifel Nicolaus from $135.00 to $140.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on OSK. Citigroup lifted their target price on Oshkosh from $115.00 to $130.00 and gave the company a buy rating in a report on Wednesday, January 31st. Evercore ISI lifted their price objective on Oshkosh from $122.00 to $124.00 and gave the company an outperform rating in a research note on Tuesday, February 20th. TheStreet upgraded shares of Oshkosh from a c rating to a b- rating in a research note on Tuesday, January 30th. UBS Group lifted their price target on shares of Oshkosh from $117.00 to $129.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Oshkosh from $114.00 to $122.00 and gave the stock an equal weight rating in a report on Wednesday, January 31st. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $123.50.

Oshkosh Stock Performance

NYSE OSK opened at $117.88 on Friday. The company has a market cap of $7.73 billion, a P/E ratio of 11.28, a P/E/G ratio of 1.37 and a beta of 1.29. Oshkosh has a 1-year low of $72.09 and a 1-year high of $127.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 0.76. The stock has a 50-day moving average of $117.68 and a two-hundred day moving average of $107.41.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.63. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 earnings per share. As a group, analysts anticipate that Oshkosh will post 11.31 EPS for the current year.

Oshkosh Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 13th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.84 dividend on an annualized basis and a yield of 1.56%. Oshkosh’s dividend payout ratio is presently 17.61%.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,234 shares of Oshkosh 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 hyperlink. 0.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Oshkosh

Several large investors have recently modified their holdings of the stock. Atlas Capital Advisors LLC raised its holdings in Oshkosh by 161.6% during the first 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 shares of Oshkosh during the 3rd quarter worth approximately $32,000. Rise Advisors LLC lifted its holdings in shares of 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 buying an additional 181 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Oshkosh by 53.6% in the fourth quarter. Venturi Wealth Management LLC now owns 318 shares of the company’s stock valued at $34,000 after buying an additional 111 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in Oshkosh during the fourth quarter worth $42,000. Hedge funds and other institutional investors 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.