Oshkosh Co. (NYSE:OSK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Oshkosh Co. (NYSE:OSK) have received an average rating of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $123.50.

Several research firms recently issued reports on OSK. JPMorgan Chase & Co. lifted their price objective on Oshkosh from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Morgan Stanley began coverage on Oshkosh in a report on Monday, January 8th. They set an “equal weight” rating and a $102.00 price objective for the company. Wells Fargo & Company raised their target price 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. Truist Financial boosted their price target on shares of Oshkosh from $121.00 to $132.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, Citigroup raised their price objective on shares of Oshkosh from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st.

Oshkosh Trading Up 0.9 %

Shares of OSK opened at $114.38 on Friday. The business’s 50-day moving average price is $117.96 and its 200-day moving average price is $107.62. The company has a quick ratio of 0.76, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. Oshkosh has a twelve month low of $72.09 and a twelve month high of $127.98. The stock has a market cap of $7.48 billion, a PE ratio of 10.95, a P/E/G ratio of 1.19 and a beta of 1.30.

Oshkosh (NYSE:OSK) last posted its earnings results on Thursday, April 25th. The company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.63. Oshkosh had a net margin of 6.93% and a return on equity of 20.39%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the firm posted $1.59 EPS. Oshkosh’s revenue was up 12.2% on a year-over-year basis. On average, equities analysts forecast that Oshkosh will post 11.16 EPS for the current fiscal year.

Oshkosh Announces Dividend

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 issued 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 1.61%. Oshkosh’s dividend payout ratio is currently 17.61%.

Insider Buying and Selling at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,234 shares of the business’s stock in a transaction dated 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 owns 13,499 shares in the company, valued at $1,503,518.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Institutional Trading of Oshkosh

Several large investors have recently modified their holdings of the business. Whittier Trust Co. grew its position in shares of Oshkosh by 26.1% in the 1st quarter. Whittier Trust Co. now owns 782 shares of the company’s stock worth $98,000 after buying an additional 162 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Oshkosh by 1.9% in the first quarter. Nordea Investment Management AB now owns 90,564 shares of the company’s stock valued at $11,293,000 after acquiring an additional 1,709 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Oshkosh during the 1st quarter valued at $152,000. Janney Montgomery Scott LLC raised its holdings in Oshkosh by 10.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 35,845 shares of the company’s stock worth $4,470,000 after purchasing an additional 3,454 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Oshkosh by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 82,143 shares of the company’s stock worth $10,244,000 after purchasing an additional 215 shares during the period. 92.36% of the stock is owned by institutional investors.

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.