Oshkosh Corporation (NYSE:OSK) Receives $165.31 Consensus Price Target from Analysts

Shares of Oshkosh Corporation (NYSE:OSK) have been given an average recommendation of “Moderate Buy” by the nineteen ratings firms that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $165.3125.

OSK has been the subject of several recent research reports. Wells Fargo & Company upped their price target on Oshkosh from $168.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. DA Davidson lifted their price objective on Oshkosh from $160.00 to $168.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Morgan Stanley lowered their price objective on Oshkosh from $155.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 3rd. Truist Financial set a $183.00 target price on Oshkosh in a research note on Friday, January 30th. Finally, UBS Group raised their target price on Oshkosh from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Friday, March 6th.

Oshkosh Stock Performance

NYSE OSK opened at $149.25 on Friday. The company’s fifty day moving average is $158.27 and its two-hundred day moving average is $141.09. Oshkosh has a 52-week low of $76.82 and a 52-week high of $180.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.94 and a quick ratio of 1.05. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 0.75 and a beta of 1.37.

Oshkosh (NYSE:OSK) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the company posted $2.58 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Equities research analysts forecast that Oshkosh will post 10.96 EPS for the current year.

Oshkosh Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, February 17th. This is a positive change from Oshkosh’s previous quarterly dividend of $0.51. Oshkosh’s payout ratio is 22.75%.

Insider Buying and Selling at Oshkosh

In other news, SVP Anupam Khare sold 4,000 shares of Oshkosh stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $169.07, for a total transaction of $676,280.00. Following the sale, the senior vice president directly owned 13,577 shares in the company, valued at approximately $2,295,463.39. The trade was a 22.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OSK. Harbor Capital Advisors Inc. bought a new position in Oshkosh during the third quarter worth about $26,000. Blue Trust Inc. grew its stake 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 purchasing an additional 179 shares during the period. SJS Investment Consulting Inc. raised its holdings in shares of Oshkosh by 3,014.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 218 shares of the company’s stock worth $28,000 after buying an additional 211 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in shares of Oshkosh in the 3rd quarter worth approximately $29,000. Finally, Torren Management LLC bought a new position in shares of Oshkosh during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 92.36% of the company’s stock.

Oshkosh Company Profile

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.