Oshkosh (NYSE:OSK) Price Target Raised to $145.00

Oshkosh (NYSE:OSK) had its target price hoisted by JPMorgan Chase & Co. from $132.00 to $145.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. KeyCorp restated an “overweight” rating on shares of Oshkosh in a research note on Thursday, December 18th. Truist Financial reduced their price target on Oshkosh from $171.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company assumed coverage on Oshkosh in a research note on Thursday, November 13th. They set an “overweight” rating and a $144.00 price objective for the company. Morgan Stanley upped their target price on Oshkosh from $136.00 to $147.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 10th. Finally, Citigroup increased their target price on Oshkosh from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Oshkosh has an average rating of “Moderate Buy” and a consensus target price of $151.31.

Oshkosh Trading Down 0.7%

OSK opened at $152.33 on Wednesday. The firm has a market capitalization of $9.63 billion, a P/E ratio of 14.86, a P/E/G ratio of 2.06 and a beta of 1.41. The firm’s 50 day moving average is $131.39 and its 200-day moving average is $131.79. Oshkosh has a 52-week low of $76.82 and a 52-week high of $155.71. The company has a quick ratio of 0.99, a current ratio of 1.98 and a debt-to-equity ratio of 0.24.

Oshkosh (NYSE:OSK) last announced its earnings results on Wednesday, October 29th. The company reported $3.20 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.08. Oshkosh had a net margin of 6.43% and a return on equity of 16.60%. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the firm earned $2.93 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. Oshkosh has set its FY 2025 guidance at 10.500-11.000 EPS. Analysts expect that Oshkosh will post 10.96 EPS for the current fiscal year.

Oshkosh Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a $0.51 dividend. The ex-dividend date was Monday, November 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.3%. Oshkosh’s dividend payout ratio (DPR) is presently 19.90%.

Hedge Funds Weigh In On Oshkosh

Large investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in Oshkosh during the third quarter valued at $26,000. Blue Trust Inc. boosted its holdings in shares of Oshkosh by 471.1% in the 3rd quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $28,000 after buying an additional 179 shares during the period. SJS Investment Consulting Inc. increased its position in Oshkosh by 3,014.3% in the third quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after buying an additional 211 shares during the period. Abich Financial Wealth Management LLC bought a new stake in Oshkosh in the third quarter valued at $29,000. Finally, Whittier Trust Co. boosted its holdings in shares of Oshkosh by 69.1% during the second quarter. Whittier Trust Co. now owns 279 shares of the company’s stock valued at $32,000 after acquiring an additional 114 shares during the period. 92.36% of the stock is currently owned by institutional investors.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.