Oshkosh (NYSE:OSK) Price Target Raised to $157.00 at Morgan Stanley

Oshkosh (NYSE:OSK) had its target price hoisted by equities research analysts at Morgan Stanley from $144.00 to $157.00 in a report released on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 7.63% from the company’s previous close.

Several other research firms have also recently commented on OSK. KeyCorp reaffirmed an “overweight” rating on shares of Oshkosh in a research report on Thursday, December 18th. Argus reduced their target price on Oshkosh from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, December 10th. DA Davidson raised their target price on Oshkosh from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Sanford C. Bernstein upped their price target on Oshkosh from $132.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Oshkosh from $145.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $166.13.

Oshkosh Trading Down 1.1%

Shares of NYSE OSK traded down $1.64 during mid-day trading on Monday, hitting $145.87. The stock had a trading volume of 48,349 shares, compared to its average volume of 786,033. The business has a 50 day moving average price of $157.94 and a two-hundred day moving average price of $141.30. Oshkosh has a 1 year low of $76.82 and a 1 year high of $180.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. The firm has a market cap of $9.14 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 0.76 and a beta of 1.39.

Oshkosh (NYSE:OSK) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.26 EPS for the quarter, missing the consensus estimate of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the company posted $2.58 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that Oshkosh will post 10.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction on Friday, February 27th. The stock was 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. This trade represents a 22.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oshkosh

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its holdings in Oshkosh by 80.8% in the fourth quarter. Hsbc Holdings PLC now owns 38,672 shares of the company’s stock valued at $4,870,000 after acquiring an additional 17,282 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Oshkosh by 40.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 14,639 shares of the company’s stock valued at $1,839,000 after purchasing an additional 4,243 shares during the period. Advisortrust Partners LLC purchased a new stake in Oshkosh in the 4th quarter worth $308,000. Groupama Asset Managment raised its holdings in Oshkosh by 1.7% during the fourth quarter. Groupama Asset Managment now owns 5,409 shares of the company’s stock valued at $680,000 after acquiring an additional 93 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Oshkosh by 1,845.7% in the fourth quarter. Pacer Advisors Inc. now owns 227,788 shares of the company’s stock valued at $28,617,000 after acquiring an additional 216,081 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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.