Oshkosh (NYSE:OSK) Downgraded by Zacks Research to “Strong Sell”

Zacks Research lowered shares of Oshkosh (NYSE:OSK) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks reports.

Other analysts have also recently issued reports about the company. Robert W. Baird increased their price objective on Oshkosh from $172.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded Oshkosh from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. JPMorgan Chase & Co. lowered their target price on Oshkosh from $150.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, October 8th. Citigroup cut their price target on Oshkosh from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Truist Financial cut their price target on Oshkosh from $196.00 to $174.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Eleven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.79.

Oshkosh Trading Down 0.8%

Shares of OSK stock opened at $127.41 on Tuesday. Oshkosh has a fifty-two week low of $116.77 and a fifty-two week high of $180.49. The company has a 50 day moving average price of $144.70 and a 200 day moving average price of $143.09. The stock has a market capitalization of $7.87 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.96 and a current ratio of 1.72.

Oshkosh (NYSE:OSK) last released its earnings results on Tuesday, July 28th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.24. Oshkosh had a net margin of 5.24% and a return on equity of 12.95%. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business earned $3.41 EPS. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Oshkosh has set its FY 2026 guidance at 11.000-11.000 EPS. Equities research analysts predict that Oshkosh will post 10.54 EPS for the current fiscal year.

Oshkosh Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a $0.57 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.8%. Oshkosh’s dividend payout ratio is currently 26.09%.

Insider Buying and Selling at Oshkosh

In other news, Director John Pfeifer sold 778 shares of Oshkosh stock in a transaction on Friday, September 11th. The shares were sold at an average price of $150.00, for a total transaction of $116,700.00. Following the completion of the sale, the director directly owned 150,669 shares of the company’s stock, valued at approximately $22,600,350. The trade was a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.64% of the company’s stock.

Institutional Trading of Oshkosh

A number of hedge funds and other institutional investors have recently bought and sold shares of OSK. NorthCrest Asset Manangement LLC boosted its stake in shares of Oshkosh by 26.8% during the third quarter. NorthCrest Asset Manangement LLC now owns 4,306 shares of the company’s stock worth $548,000 after buying an additional 909 shares during the period. Sacks & Associates LLC acquired a new position in Oshkosh in the 3rd quarter valued at about $271,000. GK Wealth Management LLC acquired a new position in Oshkosh in the 3rd quarter valued at about $47,000. GAMMA Investing LLC increased its position in Oshkosh by 17.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,262 shares of the company’s stock valued at $163,000 after acquiring an additional 183 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Oshkosh by 56.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,832 shares of the company’s stock valued at $236,000 after acquiring an additional 662 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a specialty vehicle and equipment manufacturer headquartered in Oshkosh, Wisconsin. Founded in 1917, the company develops products for demanding applications in construction, infrastructure, emergency response, defense, and other commercial and industrial markets.

Its products include access equipment such as aerial work platforms and telehandlers, vocational trucks and truck bodies, refuse and concrete equipment, airport ground-support vehicles, and fire and emergency vehicles.