Oshkosh Co. (NYSE:OSK) Receives Average Recommendation of “Hold” from Brokerages

Shares of Oshkosh Co. (NYSE:OSK) have earned a consensus rating of “Hold” from the fourteen ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $125.79.

A number of analysts have recently commented on the company. Evercore ISI dropped their price target on Oshkosh from $137.00 to $119.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Jefferies Financial Group dropped their price target on Oshkosh from $135.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 11th. Raymond James assumed coverage on Oshkosh in a research report on Friday, June 28th. They issued an “outperform” rating and a $125.00 price target on the stock. Citigroup assumed coverage on Oshkosh in a research report on Wednesday, June 26th. They issued a “buy” rating and a $130.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Oshkosh from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th.

Oshkosh Stock Performance

Oshkosh stock opened at $100.21 on Tuesday. The stock’s 50 day simple moving average is $103.41 and its two-hundred day simple moving average is $110.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.44. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.98 and a beta of 1.19. Oshkosh has a fifty-two week low of $86.10 and a fifty-two week high of $127.98.

Oshkosh (NYSE:OSK) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $3.34 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.34. Oshkosh had a return on equity of 20.83% and a net margin of 6.58%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the firm posted $2.69 EPS. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. As a group, analysts expect that Oshkosh will post 11.62 earnings per share for the current fiscal year.

Oshkosh Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.46 per share. The ex-dividend date was Friday, August 16th. This represents a $1.84 dividend on an annualized basis and a yield of 1.84%. Oshkosh’s dividend payout ratio is presently 17.61%.

Institutional Investors Weigh In On Oshkosh

Hedge funds have recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC raised its stake in Oshkosh by 161.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 225 shares of the company’s stock valued at $28,000 after buying an additional 139 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Oshkosh in the 1st quarter worth $31,000. Rise Advisors LLC increased its stake in shares of Oshkosh by 215.5% in the 1st quarter. Rise Advisors LLC now owns 265 shares of the company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Oshkosh by 280.6% in the 1st quarter. Bessemer Group Inc. now owns 392 shares of the company’s stock worth $49,000 after purchasing an additional 289 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Oshkosh by 51.3% in the 1st quarter. GAMMA Investing LLC now owns 581 shares of the company’s stock worth $72,000 after purchasing an additional 197 shares in the last quarter. 92.36% of the stock is currently owned by hedge funds and other 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.